Property News · May 9, 2018

Hongkongers brush off weakening local dollar to continue buying homes in Shenzhen


Hong Kong homebuyers continue to desire properties in Shenzhen, despite the Hong Kong dollar falling to a 35-year low against the US dollar recently. The yuan, meanwhile, has been the fourth strongest currency in Asia in the past 12 months, and has surged by about 8 per cent against the local currency over the period.
“If I had made up my mind a year earlier, I could have saved more than HK$400,000,” said Cecelia Chan, a freelance television show writer. “I will not continue…

Source : South China Morning Post
Read more…Hongkongers brush off weakening local dollar to continue buying homes in Shenzhen

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