Hong Kong property investors switch search to overseas markets
Cooling measures and a strong currency in HK are helping to divert cash to foreign markets
SCMP Wednesday, 15 May, 2013, 3:06am
Yvonne Liuyvonne.liu@scmp.com
A growing number of Hong Kong property investors are shifting their investment focus offshore – prompting local brokers to widen their sales’ lists in order to capture commissions on deals taking place overseas.
“There has definitely been a pick-up in buyer interest in overseas properties in recent months. Inquiries for international residential properties are up by 10 per cent since the government announced its latest control measures on the market in February,” said Denis Ma On-ping, local director of the Greater Pearl River Delta Research at agency Jones Lang LaSalle.
Posted on 27/05/2013, in Hong Kong and tagged Asia, China, Hong Kong, hong kong investment, hong kong property, hong kong real estate, property. Bookmark the permalink. 1 Comment.
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