Property News · April 18, 2020

Mainland Chinese investors are selling Hong Kong property after China reports first GDP contraction in four decades


Mainland Chinese investors and property owners are cashing in on their Hong Kong real-estate holdings, as appetite for outbound investment evaporates in China, which has just reported the first contraction in its gross domestic product in four decades.“With Covid-19 coming at a time of trade tensions, some forced selling is highly likely,” said Simon Smith, senior director of research and consultancy at Savills. “Some mainland vendors whose businesses face cash flow issues, and landlords of…

Source : South China Morning Post
Read more…Mainland Chinese investors are selling Hong Kong property after China reports first GDP contraction in four decades

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