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Property

China real estate crisis spills into property mad Hong Kong

City investors join growing backlash over glut of unfinished housing projects

A residential project under construction in the southern city of Nanning. Scores of housing complexes are unfinished across China after cash-strapped developers halted construction.   © AP

HONG KONG -- China's property market crisis has spilled across the border to Hong Kong, where investors have joined a ballooning group of homebuyers crying foul over unfinished residential projects.

Dozens of people marched to the ombudsman's office last month to file complaints over mainland properties that they snapped up at bargain rates compared with those in the financial hub, which is one of the world's priciest real estate markets.

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