Homebuyers have reneged on 13 deals at New World Development’s The Pavilia Farm in Tai Wai this month. Photo: Xiaomei Chen Homebuyers have reneged on 13 deals at New World Development’s The Pavilia Farm in Tai Wai this month. Photo: Xiaomei Chen
Homebuyers have reneged on 13 deals at New World Development’s The Pavilia Farm in Tai Wai this month. Photo: Xiaomei Chen
Business

Record number of homebuyers walk away from Hong Kong property purchases amid rising jobless rate, pay cuts due to Covid-19

  • Buyers have walked away from 47 deals this month, taking the total this year to 380, the highest since record-keeping started in 2013
  • Buyers have forfeited around HK$6.8 million on 13 units at The Pavilia Farm and HK$16 million on 13 units at the Grand Yoho

Topic |   Hong Kong property
Lam Ka-sing
Lam Ka-sing

Updated: 9:32pm, 20 Nov, 2020

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Homebuyers have reneged on 13 deals at New World Development’s The Pavilia Farm in Tai Wai this month. Photo: Xiaomei Chen Homebuyers have reneged on 13 deals at New World Development’s The Pavilia Farm in Tai Wai this month. Photo: Xiaomei Chen
Homebuyers have reneged on 13 deals at New World Development’s The Pavilia Farm in Tai Wai this month. Photo: Xiaomei Chen
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