Mainland Chinese investors are selling Hong Kong property after China reports first GDP contraction in four decades

This article flags that the recent slowdown in the Chinese economy coupled with the uncertainty surrounding COVID19 and the trade war have led some landowners into a cash crunch forcing their hands to sell properties. This could be an early sign of the deflation of a real estate bubble in Asia, and perhaps globally. That could be quite something.

“Some mainland vendors whose businesses face cash flow issues, and landlords of properties with multiple mortgages, will be prepared to consider offers [at deep discounts] on a selective basis.”

See more from the South China Morning Post:

https://www.scmp.com/business/article/3080505/mainland-chinese-investors-are-selling-hong-kong-property-after-china

https://www.scmp.com/business/article/3078850/hong-kongs-property-prices-fall-20-cent-citys-jobless-ranks-swell-amid

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