AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Home sweet home, haunted?

New Straits Times

| July 27, 2012 | COPYRIGHT 1999 The New Straits Times Press (M) Bhd. (Hide copyright information)Copyright

Byline: Khairie Hisyam Aliman

SCARY LIVING: Are buyers willing to buy and move into haunted properties? NST RED talks to several real estate agents to find out.

IN Hong Kong, properties where the previous owner died unnatural deaths (for example suicide or murder) can be legally declared haunted. Due to local belief that such deaths lead to ghosts troubling new occupants, such properties usually see price discounts of up to 40 per cent.

And investors are snapping them up. "There's a group of investors who bid for these properties specifically and then rent it to people who don't mind its bad history," says Eric Wong of Hong Kong-based property website squarefoot.com.hk.

Demand is such that squarefoot.com.hk even has a dedicated listing of haunted properties, with details of the gruesome deaths that took place in …

Related articles from newspapers, magazines, journals, and more
Property Tax is Not a Tax On Property.
Newspaper article from: The Monitor (Uganda) August 15, 2011 700+ words
"Buying properties at auctions".
Magazine article from: Malaysian Business December 1, 2008 700+ words
Properties 75% sold.(Brief Article)(Statistical Data Included)
Newspaper article from: New Straits Times June 3, 2001 700+ words
Property appraiser's duties.
Newspaper article from: Sarasota Herald Tribune July 20, 2008 700+ words
PROPERTY Brace yourselves.
Magazine article from: Financial Mail January 12, 2007 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily