Hong Kong property market heats up in mainland investors

In the vicinity of several upscale apartments at Ko Dian Road, Kowloon Station in Hong Kong, Putonghua-speaking mainlanders have been seen everywhere, and this is the most expensive place in Hong Kong today.　　The financial tsunami did not roll over the mainland guests like foreign buyers, but the slowdown in the global economy slowed the growth of these mainland buyers. Mainland investors have risen to nearly 5% per cent of the market. Hong Kong Zhongyuan Real Estate Research department's joint director ' Mr. Wong told reporters, "before they like to buy a real estate, now hand in hand everywhere, from the most expensive mansion to the mid-range price of the apartment, there are visible mainlanders figure, and investment, There are all the people who buy their own homes or businesses. According to the information provided by the Hong Kong Property Research Department, the market share of mainland investors has surged to 4.46% in May this year, a 2009-year high. In 2008, the impact of the financial tsunami, the proportion of mainland investors in the second quarter fell sharply from 3.82% in the third quarter of 1.87%.　　Mainland investors ' share of the market has continued to rise since the end of last year, maintaining over 4% for 3 consecutive months. Li Zhicheng, chief executive of Hong Kong property, said in an interview that mainland banks ' active lending in the first quarter, coupled with a rise in the renminbi exchange rate and a strong market vision of ample capital and purchasing power, were the main reasons for the recent warming of the overall market climate.　　Li Zhicheng said that the renminbi had risen by more than 4.5% per cent over a year, and that, under the effect of a revaluation of the renminbi, Hong Kong properties were relatively inexpensive to mainland investors, attracting many mainland clients with ample capital to buy property in Hong Kong, and the pace of the market had been accelerated by the commencement of property prices from High quality property is favored according to ' Mr. Wong, since January this year, the average price of Hong Kong's property market has risen comprised, a further 50% can reach the level before the financial tsunami, among which, luxury residential prices rose fastest. "The buildings in Hong Kong are in control of supply, so the market share of the primary property is very small, less than one-fifth of the second-hand property market, the mainland investors come to Hong Kong for long-term investment-oriented, and love the quality of property, so the mainland rich people to invest will have a great potential for appreciation."　　"' Mr. Wong said. Reporters at random visited a canton road in Tsim Sha Tsui, the United States property Door shop, Intermediary Wen told reporters, since the beginning of the consultation of the mainland buyers, the content of the consultation with high-end boutique residential. She cited, for example, that the largest tier of high-grade residential buildings in Hong Kong, which will be closed next year, have sold six units, including mainlanders who have made a net profit of 15%.　　According to the reporter understand, the entrance fee of the Tin Seal is about HK $10,000 per square foot, and more than 2000 feet of large area units will be nearly 30,000 of the price, is currently one of the most expensive property in Hong Kong. The proportion of mainland investors buying property between 5 million and 10 million has risen by two months to 31%. "But overall, 2 million to 5 million of the Jiulong District properties are the main targets of the market," said Yiao Weinan, senior business director of Hong Kong home ownership.The rate of long-term maintenance of more than 30%. Mainland rich people are mainly investment in luxury, but the medium-priced property investors are still the main force. According to the statistics of the Hong Kong Property Research Department, mainland investors have been Xinjie District in the market in the past year, with a further two-month increase in May, a further breakthrough of 50% to about 52.4%, while the mainland visitors to Hong Kong Island and the Jiulong District ratio in May were 14.3% and 33.3% respectively.　　Yiao Weinan said that for mainland owners, the Xinjie District property traffic is convenient, the adjacent border crossing is one of the reasons favored by investors, but the cost of the New Territories real estate market is lower than the urban property is not negligible factor, which also shows that the investors to buy property in Hong Kong, the middle class accounted for a large proportion Group buy a house no longer "now mainland investors have a keen sense of smell, even more sensitive than some Hong Kong local buyers, they know where the real estate is good, handling various formalities like looking for brokerage agency leasing or to find accounting to pay profits tax is very clear, do not need us to worry about," ' Mr. Wong said. In the past, the phenomenon of buying houses in some affluent areas of the mainland has not been seen, because it is not needed. According to the reporter understand, as the mainland is becoming more convenient to Hong Kong, there are many investors who buy property in Hong Kong because of business, duty, job search, enrolment and even investment, and some Chinese companies are slowly moving from "rent" to "buy" because of the need to solve their accommodation problems.　　The mainland people who have lived or are often in Hong Kong have formed their own circle, have unique investment experience, help each other, resources and information in this circle, but also achieve the benefit of sharing the effect. "They have their own pipelines, they are becoming more and more familiar with investing in Hong Kong's real estate and some mainlanders are not industry insiders, but he is even surprised by his familiarity with Hong Kong's real estate." "' Mr. Wong said.