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

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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.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Duties Rents Prices Time Buyers Rates Wong Mainland Property Hong Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 08:30:12 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23455116

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