Rumors of a major earthquake in Japan this July have spooked some superstitious mainland investors, prompting a wave of en-bloc and high-value property sales, according to The Standard, citing Sakura Global CEO Anvy Cheung.
Despite Japan's elevated prices, sellers are listing at market rates, creating rare opportunities amid the panic, added the news daily.
Meanwhile, Hong Kong buyers have doubled their visits, capitalizing on the sell-off, the report said.
The speculation follows Japan's warning of a higher 30-year probability of a Nankai Trough quake, which has already led to flight cuts between Hong Kong and Japan due to dwindling travel demand, it added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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