Mainland Chinese buyers rush into Hong Kong property amid low prices and rates, high rents

Q: How long will it take to read this news story?

The story "Mainland Chinese buyers rush into Hong Kong property amid low prices and rates, high rents" has 279 words across 8 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Mainland Chinese buyers rush into Hong Kong property amid low prices and rates, high rents" was covered 2 weeks ago by SCMP, a news publisher based in Hong Kong.

Q: How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news. The outlet is headquartered in Hong Kong and publishes an average of 14 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23455116</li><li>URL: https://beamstart.com/news/mainland-chinese-buyers-rush-into-17309452974606</li></ul>

SCMP Logo SCMP 2w ago

Mainland Chinese buyers rush into Hong Kong property amid low prices and rates, high rents - SCMP

Quick Summary:

Home purchases by mainland buyers surged 69 per cent in the first nine months of the year, accounting for nearly a quarter of transactions.

Many mainland families are shopping for property for the same reason, she said.“The number of mainland buyers purchasing Hong Kong properties has significantly increased since March, and we saw recent first-hand projects like Sun Hung Kai Properties’ Cullinan Sky in Kai Tak and CK Asset’s Blue Coast in Wong Chuk Hang mainly targeting these buyers,” said Norry Lee, senior director of the project strategy and consultancy department at JLL Hong Kong.

It’s a good time to invest in appropriate projects.