Haunted real estate attracts Hong Kong's rational investors3/19/2012
Would you live with a ghost to save on rent? Many buyers in Hong Kong's mega-pricey housing market do extensive background checks to avoid moving into a new home that may be under the influence of a vengeful spirit. There's even a term, "hongza," for the haunted listings, which sell for much less than apartments in which horrible deaths and spine-chilling accidents have not occurred. This systemic discounting has created a new breed of investors who ain't afraid of no ghosts and are actively looking for something strange in elite neighborhoods, tracking tragedies in the papers in an effort to make the first bid on the newest haunted house.
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