Luxury Real Estate Blog and News
Hong Kong's property sales transactions have dropped approximately 40% from 7,500 per month in 2010 to 4,500 per month in 2011 for the months of September, October, November. Register to get Hong Kong Property Transactions Emailed to you Monthly >> Click Here The big question everyone has: If fewer people are buying why have prices remained at historically high levels?... Is a major market correction coming soon to Hong Kong property market?
Hong Kong China and Mainland Chinese investors have become a major force in the global property market and their share of the market is expected to grow even further. Favoured destinations of Chinese buyers include university towns in the US, Canada and Australia where their children study, and especially central London, where they are now the largest overseas buyer group. Figures from agency Knight Frank show that 11 per cent of international property investors in prime central London’s new homes market are Chinese.