HONG KONG, March 7 (Reuters) - Hong Kong's property

agents expect more big-ticket foreclosures this year as

landlords struggle to refinance, and that receivers will speed

up sales after the city's recent measures aimed at bolstering

the depressed real estate market.

CBRE ( CBRE ) said on Thursday it had been appointed by the receiver

to sell an old four-storey residential building in Kowloon,

while another agent, Savills ( SVLPF ), said it had been appointed by the

receiver to sell two connected industrial buildings.

"We'll continue to see many foreclosures this year as

landlords fail to negotiate new terms with the lenders after

years of poor market and high interest rates," said Churchill

Keung, CBRE Hong Kong capital market assistant manager.

"Some lenders would step up repossessing the asset to put on

the market as they think the removal of additional stamp duties

could stimulate market sentiment."

Hong Kong, one of the most expensive property markets in the

world, has seen its housing and commercial property prices

plunge more than 20% and 30%, respectively, from their peaks.

Last week, the financial hub removed all additional stamp

duties, reversing an unsuccessful government push in previous

years to cool housing prices, and the home market immediately

celebrated with a jump in transactions.

The residential building that CBRE ( CBRE ) was appointed to sell was

seized by creditors this year. It is valued at HK$42 million

($5.37 million), half of its asking price in 2022 when the

original owner, the family of deceased property investor Tang

Shing Bor, put it on the market.

The industrial buildings, which the lenders seized from

Hoixe Cake Shop this year after the company was ordered by a

court to liquidate, have an indicative price of HK$510 million

($65.22 million), Savills ( SVLPF ) said, nearly 40% lower than a

transaction in the same area in January.

Last week, a second mansion in Hong Kong that once belonged

to China Evergrande Group's ( EGRNQ ) chairman, was put up for

sale by its receivers, according to Savills ( SVLPF ), which was appointed

for the tender sale.

($1 = 7.8197 Hong Kong dollars)