K Wah International’s Solaria project, in the yellow cladding in the middle, in Hong Kong’s Tai Po district. Photo: Martin Chan
K Wah International’s Solaria project, in the yellow cladding in the middle, in Hong Kong’s Tai Po district. Photo: Martin Chan

Hong Kong homebuyers – spooked by recession, talk of national security law – forfeit US$1.5 million in deposits, walk away from purchases

  • Nine buyers walked away from Hong Kong developer K Wah International’s Solaria project in Tai Po district on Friday
  • The proposed introduction of a new national security law by Beijing has sparked fears about market stability

K Wah International’s Solaria project, in the yellow cladding in the middle, in Hong Kong’s Tai Po district. Photo: Martin Chan
K Wah International’s Solaria project, in the yellow cladding in the middle, in Hong Kong’s Tai Po district. Photo: Martin Chan
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