In recent years, there has been a popular trend of buying property in the Greater Bay Area (GBA), an area including Hong Kong, Macau, and nine Pearl River Delta cities in the Guangdong Province in southern China. Some of the projects were even promoted under a “guaranteed return” tag, to lure potential investors.
Recently about 20 such investors, who used to claim to be patriots towards both China and Hong Kong, suspected they might have fallen victim to the so-called “unfinished buildings” scam. To seek the help they went to petition the Securities and Futures Commission on Aug. 30, asking the authorities to conduct a thorough investigation.
