Hong Kong luxury property prices bounce back fast deal multiply mainland Guest account for 10%

Xinhua Beijing, July 7, the overall market atmosphere to the good, coupled with the appreciation of the renminbi and Shenzhen signed a number of policy, attracting many mainlanders in Hong Kong home.　　According to information from Hong Kong, in the first half of this year, more than $10 million of luxury flats traded in Hong Kong recorded 1,549, of which mainland buyers accounted for 5% to 10%. According to the Hong Kong "Wen Wei Po" report, Chen Kunxing, executive director of the United States Union Group and chief executive officer of the group's housing division, said that according to the United States Joint Property Information Research department and the Land Registry figures, the property market in the first half of this year has been significantly diverted, with a total of 44,920 second-hand registrations in Hong Kong, representing a substantial increase of Involving an amount of 130.08 billion yuan. A total of more than $10 million of luxury flats have rebounded to the fastest, with a record of 1,549, up from 764 in the second half of last year to 103%,　　The amount of $31.36 billion, which is the only property in all types of property which has increased by more than one times, shows that the investment climate has become active and the demand for housing has continued to be high. He pointed out that the proportion of mainland buyers representing more than $10 million in luxury trading is about 5% to 10%, including those who already hold Hong Kong identity cards and mainland buyers who are investing in immigrants.　　As the renminbi appreciates, mainland buyers are equivalent to buying 80 percent-90 percent of flats and the mainland's economy and stock market performance are buoyant, and I believe the mainland will continue to buy property and invest in Hong Kong in the second half of the year. Chen Kunxing also said that as market confidence rebounded, luxury property prices rebounded faster than small and medium properties.　　According to the data, the average sq ft is about $16,839 in the second quarter of this year (as at May), compared with the fourth quarter of last year, a sharp rebound in the post-financial tsunami 21.9%, the same period of stratified luxury flats also recorded an increase of 14.1%, while the small and medium estate property prices rebounded by 13% lower, it is evident that the Hong Kong property market has found a sound support. He expected that in the second half of the year, the number of second-hand registrations for luxury flats could rise by 30% to about 2,000, with a total breakthrough of 3,500 in the year, up from about 15% per cent. Among them, low density housing supply tight, more appreciation potential, and the old district mansions may also be chasing backward situation, it is expected that the annual residential property prices up to 25%, individual house increase may reach 30%.