Scammers exploit rental platforms in Hong Kong amid rise in investment fraud

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Scammers exploit rental platforms in Hong Kong amid rise in investment fraud
Hong KongProperty Market
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PETALING JAYA: A 4.1-magnitude earthquake struck Johor early on Sunday (Aug 24). It was followed by a 2.8-magnitude tremor just a few hours later.

Online rental platforms have become scammers’ latest tool for swindling Hong Kong residents, as the number of online investment fraud cases rose by nearly a quarter in the first six months of 2025 compared with the same period last year, with losses surging 36.4 per cent to HK$1.48 billion .

The force recorded 2,273 investment scams from January to June, a 24.8 per cent rise from 1,822 cases in the same period last year. Leung said that in an investment scam, fraudsters would first reach out to victims on WhatsApp or Telegram chat groups before conning them into transferring money on sham platforms.

The largest reported pig butchering scam up to August this year concerned a 52-year-old insurance company worker who was duped by a scammer posing as a wealthy prospective tenant looking to rent her flat. The force recorded 199 cases of pig butchering scams in the first six months of 2025, a 24 per cent rise from the 160 cases in the same period last year. Losses also increased by 28.6 per cent year on year, from HK$140 million in the first six months of 2024 to HK$180 million in the same period this year.

The new tools include a safety overview pop-up message that appears when a user is added to a chat group by an unknown contact. The pop-up shows the name and phone number of the contact who added the user, the total number of members and the date the group was created.

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