The number of foreclosed properties has been 20 to 30 per cent higher in the last two or three months. Photo: Martin Chan
The number of foreclosed properties has been 20 to 30 per cent higher in the last two or three months. Photo: Martin Chan

Are foreclosed homes the answer for Hongkongers priced out of the world’s most expensive property market?

  • Foreclosed properties, sometimes discounted by up to 20 per cent, are rising in number as the property market tanks
  • The discounts, however, do come with potential risks that could increase the overall cost, say property analysts

The number of foreclosed properties has been 20 to 30 per cent higher in the last two or three months. Photo: Martin Chan
The number of foreclosed properties has been 20 to 30 per cent higher in the last two or three months. Photo: Martin Chan
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