Property News · January 6, 2017

Sales of Hong Kong investment property expected to fall as Beijing tightens capital controls


Sales of top quality commercial buildings costing multi-billions of Hong Kong dollars are expected to fall this year as Beijing’s tightened capital controls could stall mainland corporates acquiring overseas assets.
The latest policy will reduce the number of deep-pocketed mainland enterprises making property purchases in Hong Kong, which has emerged as a favoured investment destination.
Alva To Yu-hung, senior managing director of Hong Kong at DTZ Cushman & Wakefield, said the policy…

Source : South China Morning Post
Read more…Sales of Hong Kong investment property expected to fall as Beijing tightens capital controls