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00:00:02
>> There's a reason why Google Laos snapped up properties for cheap in pricey Hong Kong. For this apartment, it's because two people committed suicide. For others, it's murder.>> The discount is very big.>> This 66-year-old landlord is known locally as the king of haunted flats. And over the years, he's been selling properties at chilling discounts.
00:00:23
>> For those with people jumping to their death, the discount is about 20%. For those involving murder cases, the discount might reach up to 50%.>> I'm Reuters' Grace Lee, outside Hong Kong's Jade Residence. It's commonly believed in Chinese superstition that the souls of murder victims lingers at the place where they were killed.
00:00:44
If that's true, this building here will certainly be haunted as well. It's a place where former British banker, Rurik Jutting brutally murdered 2 women in 2014, and that caused a property value here to drop by about 6%, when at the same time the overall Hong Kong housing market shot up by about 80.
00:01:03
But with Hong Kong's record breaking property price surge, those discounts might die down too. The city's younger generation, desperate for a place to live aren't to spooked about having ghosts for roommates. There's even an app where they can search for haunted properties.>> They're not too bothered about ghosts walking the hallways, they'd rather just get a bargain in what is essentially the most expensive and most unaffordable city on the planet.
00:01:28
>> Discounts on some haunted apartments have narrowed from 30% in 2013, to about 10% this year, dropping at the fastest rate in the past year. And with property prices expected to rise even further, residents might be more scared of the rent than spirits.>> People come and people die.
00:01:46
It happens every day. Would you be afraid to go into a hospital or you wouldn't, right? So I think it's okay.