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Hong Kong Residential Market Survey

Housing market momentum robust as mainland enquiries provide support

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Housing market momentum robust as mainland enquiries provide support

The March Hong Kong Residential Market Survey shows that sentiment surrounding the housing market has continued to gain momentum in 2017. This comes as demand from residents of mainland China continued to gain momentum.

Headline demand was supported by a pickup in enquiries from residents of mainland China. A net balance of 42% of respondents reported an increase in enquiries by mainland residents in March. This is despite the Chinese government enacting fresh capital controls as recently as January. There has been speculation that stricter controls on residential development in tier one mainland Chinese cities has redirected some investment from the mainland to Hong Kong, despite the higher stamp duty.

Source : RICS

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Keywords : RICS