Hong Kong’s economy has taken a severe beating because of the coronavirus pandemic. Photo: AFP Hong Kong’s economy has taken a severe beating because of the coronavirus pandemic. Photo: AFP
Hong Kong’s economy has taken a severe beating because of the coronavirus pandemic. Photo: AFP

Foreclosures set to surge as Hong Kong homeowners struggle with finances due to recession, rising unemployment

  • The number of foreclosed properties could reach the highest level since the global financial crisis by early next year amid a worsening economy
  • Foreclosures have increased by nearly 70 per cent year-on-year to 94 as of this month

Topic |   Hong Kong economy
Hong Kong’s economy has taken a severe beating because of the coronavirus pandemic. Photo: AFP Hong Kong’s economy has taken a severe beating because of the coronavirus pandemic. Photo: AFP
Hong Kong’s economy has taken a severe beating because of the coronavirus pandemic. Photo: AFP
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