Sales of distressed real estate in Hong Kong jumped in the first half of the year, accounting for about three quarters of the volume, with the coming months likely to see an unusually high number of such transactions, according to CBRE.
Distressed sales typically account for less than 10 per cent of transactions in the city, but with interest rates climbing to a 23-year high in a span of 16 months since March 2022, investors have found it increasingly difficult to service debt, the property…
