Property News · April 3, 2018

Soaring property prices mean Hongkongers in Shenzhen can’t afford to move home


Mark Tang, a Hongkonger who has been living in Shenzhen for 10 years, has to defer his plan to move back to the city, even though his wife is about to deliver a baby in September.
The businessman, who moved across the border after retiring in his early 40s, bought a 1,670 square foot apartment for 3 million yuan (US$476,940) three years ago, in southern Shenzhen’s Liantang district, an hour’s bus ride from Kowloon Tong in Hong Kong.
“I had no plan to return to Hong Kong until…

Source : South China Morning Post
Read more…Soaring property prices mean Hongkongers in Shenzhen can’t afford to move home

You may also like...