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Distressed and Foreclosures
Foreclosed and Distressed Investment Properties in Hong Kong
Hong Kong is one of the world's leading financial centers, and has many multinationals, international banks stationed there as well as it having a leading stock exchange that compares to those in New York, London and Dubai.
With a very strong economic base in Hong Kong, there stems from this high demand for both residential and commercial properties, particularly in areas such as The Peak, Central, Mid-Levels, and Repulse Bay.
Popular areas of Hong Kong with International Buyers:
Kowloon Tong Properties
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or
buying below market value
.
There are many places to find distressed or
foreclosed properties in Hong Kong
, for examples you can
ask a real estate agent
to filter for foreclosures or bank-owned (REO) properties.
Investors
can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties,
foreclosures
and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
How to sell or rent properties in Hong Kong:
How to sell a property In Hong Kong
How to rent a property In Hong Kong
How to buy a property In Hong Kong
Real Estate Agents and Property Developers in Hong Kong
Real Estate Companies
Development Companies
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International Property Directory (IPD) Online Since 2003