Leighton Hill apartments, situated on the peripheral of Happy Valley as of 30 May 2002. Photo: SCMP

Hong Kong’s chief executive says she will keep the public purse away from bailing out the property industry

  • Negative equity, in which a property’s value falls below the amount of the loan used to buy it, is already afflicting scores of home buyers who entered the market at the top
  • The last of Hong Kong’s negative equity households took more than a decade to climb out of their debt trap
Topic |   Hong Kong property

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Leighton Hill apartments, situated on the peripheral of Happy Valley as of 30 May 2002. Photo: SCMP
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