$20 million investment in Wenzhou to stir up Hong Kong property

According to the report of the Hong Kong Grand Bulletin, the mainland has stepped up its crackdown on property speculation and some mainland funds have been diverted to stir up Hong Kong properties.　　A local agent said that a few days ago, Wenzhou investors spent HK $20 million to buy 3 local property units.　　The report quoted Hong Kong Zhongyuan Real Estate Senior Division business manager Cheng Shangjie said that the 3 units at the Olympic station June Hong Kong, the property is located in 6 high-rise buildings, the same area of 751 square feet (about 69.8 square meters), the cost is HK $6.3 million, HK $6.48 million and HK $6.38 million, a total of HK $19.16 million　　Lin Yiheng, senior business manager of Hong Kong property, also revealed that the sale of the estate at Guang Kwong Street in Ho Man Tin was imminent and a mainland visitor had just spent HK $17.3 million on the lower level of 32nd mid-levels, about 1636 sq ft (about 1.52 million square metres), and an average of HK $10575. In addition, the I-home, located in Tai Kok Tsui, has sold 2 flats, including a Shanghai investment immigrant, and bought a high-rise two-room flat with more than HK $4 million, and the buyer has a factory in Hong Kong in the hope of settling in the territory through an investment immigration scheme.