A Hong Kong lawmaker on Saturday urged the UK consulate to intervene in the property fraud scams that have allegedly victimized nearly 300 buyers, including investors from Hong Kong and Macau.
Democratic party lawmaker James To Kun-sun handed a letter to a representative at the UK consulate on behalf of the over 150 buyers from Hong Kong and Macau.
Some 20 victims of the fraud held a demonstration in front of the consulate in the HKSAR.
South China Morning Post reported that most of the buyers acquired property though Hong Kong-based property agents and paid a deposit of at least 50 percent of the unit price.
Most investors purchased property, mostly flats, in over 10 different projects in the UK over the past few years.
“Our main aim is to draw attention to the fact that there are serious fraud cases involving UK property, in which Hong Kong people have been victims over the past years,” said To.
Although buyers have reported their cases to several responsible authorities, they have yet to find out how they can recover their investments.
“If these scams continue without proper investigation and rectification, the UK’s reputation at large would be at stake also,” added the lawmaker.
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