Publications

Research - MAY 15, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

More mainland Chinese want to buy Hong Kong property

by Andrea Zander

Hong Kong is the most favorable offshore residential real estate market for mainland Chinese, despite an escalation in U.S.-China trade tensions and concerns over a controversial extradition law that will extend Beijing’s power over the city, reported Reuters, sourcing a UBS survey.

Around 12 percent of respondents in the latest UBS survey said they intended to purchase a Hong Kong property in the next two years, up from 7 percent in a September survey. The percentage was also the highest since the first survey conducted in 2015. The latest survey polled around 3,500 respondents.

The ongoing trade dispute between the United States and China could put further pressure on China’s yuan, but it may drive more Chinese to invest money in Hong Kong property to ward off capital depreciation, reported Reuters.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.