PHOTO: Hong Kong’s house prices are the world’s most expensive but some locals are selling at a loss due to recent events. Photo: iStock
Some Hong Kongers are losing millions of dollars as they sell their homes and pack up their bags amid the coronavirus outbreak and a weakening economy, according to local reports.
The South China Morning Post reported on Wednesday that since the outbreak in January, analysts have seen homeowners dumping their properties, losing as much as $A2.26 million in a bid to get out of the local market – one of the world’s most expensive.
According to local property agents, one vendor sold their 148-square metre house in Sheung Shui, in the city’s north district, for $4.14 million — losing $2.26 million.
In February, another vendor sold their 282-square metre house in Regalia Bay on Hong Kong Island for $13.03 million — losing just shy of $1 million.
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