avatar image
Advertisement
PostMag
Life.Culture.Discovery.

Beware of Hong Kong real estate agents' bait-and-switch tactic

Sam Gusway finds that the flats advertised are never available; instead comes the inevitable question,"What's your budget?" Your answer is then promptly ignored

Reading Time:1 minute
Why you can trust SCMP
0
The flats advertised in the window are never available.

Looking for a flat in Hong Kong?

The first thing you'll encounter is the bait-and-switch that most real estate companies live by. Pass by any one of the umpteen property agents that line every road in this city and you'll see signs offering: 236' net, good location, 26k. 325' net, 2 bd, 27k. 646', new kitchen, 2bd, 2br, 19k.

Oh, wow. "OK, I'd like to see that 646 sq ft unit, please."

Real estate agent (without skipping a beat), "Oh, that one's gone." (Makes no move to take sign out of the window.) "But what are you looking for? What's your budget?"

The same is true for any of the apps that are now available for flat hunters. You can scroll through dozens of beautiful, spacious, well-located and affordable properties, but the only response you'll get to a WhatsApp query is: "Sorry, gone. What's your budget?"

Agents inariably send you details of flats half the size you want, and costing twice what you can afford. Photo: EPA
Agents inariably send you details of flats half the size you want, and costing twice what you can afford. Photo: EPA
Advertisement