Mainland Chinese buyers are shying away from real estate in Hong Kong as the coronavirus pandemic clouds the economic outlook and keeps investors from travelling to the city. Photo: AFPMainland Chinese buyers are shying away from real estate in Hong Kong as the coronavirus pandemic clouds the economic outlook and keeps investors from travelling to the city. Photo: AFP
Mainland Chinese buyers are shying away from real estate in Hong Kong as the coronavirus pandemic clouds the economic outlook and keeps investors from travelling to the city. Photo: AFP

Coronavirus, economic slump force mainland Chinese owners to dump their luxury Hong Kong properties at steep losses

  • At least 10 recent transactions were lower than market price or incurred losses of as much as HK$8.2 million (US$1.06 million) for their mainland owners
  • China’s economic slowdown and the third wave of Covid-19 infections in Hong Kong have made some mainlanders offload the properties, analysts say

Topic |   Hong Kong property
Mainland Chinese buyers are shying away from real estate in Hong Kong as the coronavirus pandemic clouds the economic outlook and keeps investors from travelling to the city. Photo: AFPMainland Chinese buyers are shying away from real estate in Hong Kong as the coronavirus pandemic clouds the economic outlook and keeps investors from travelling to the city. Photo: AFP
Mainland Chinese buyers are shying away from real estate in Hong Kong as the coronavirus pandemic clouds the economic outlook and keeps investors from travelling to the city. Photo: AFP
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