Hong Kong News

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Monday, Nov 30, 2020

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

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
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