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Chinese Demand For Hong Kong Property Climbs Amid State Support

From bnnbloomberg.ca

Mainland Chinese are returning to Hong Kong’s real estate market, snapping up millions of dollars in land and office blocks, bolstered by China’s support for Hong Kong’s status as an international financial hub. Chinese developers have won six of the 13 land sites in government tenders since July last year, accounting for about 60% of the total spent for the parcels, according to a report released Wednesday by Colliers International Inc. Chinese investors also made up almost all of the cross-border property deals in Hong Kong, the report shows. The active investment in Hong Kong real estate from state-owned and ... (full story)

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