I do not believe any home owner would sell the property lower than the price they bought UNLESS it’s due to some special circumstances. For example, maybe they are leaving the country, maybe they need the money to pay debts, maybe they need the money for sudden emergency but no one will be willing to sell at a lower price than their purchase price. Chinese would say, ‘lose face leh, if sell lower than the price I bought.”
Money losing property selling by rich families in Hong Kong
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