Realtors selling overseas properties probed by Hong Kong regulator

Individuals who lost money on at least 15 uncompleted UK developments have complained.

According to Bloomberg, Hong Kong’s securities regulator is investigating whether realtors selling overseas properties are illegally marketing investment plans, according to a lawmaker helping investors who lost money on such deals.

Buyers argued that developments promoting guaranteed rental income are so-called collective investment schemes, which need approval from the Securities and Futures Commission, said James To Kun-sun, a member of the city’s legislature.

Read more here.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Chabaidao shares plummet 27% in HK debut
Analysts blame competition, weak sentiment for Chabaidao's disappointing debut.
Food & Beverage
Prime office rentals in Hong Kong plunge 9.5% YoY in Q1 2024
Overall, the Asia-Pacific region's prime office rental market reported a 3.2% YoY decrease.
Commercial Office