Source:
https://scmp.com/business/article/3015040/housing-policy-easing-falling-yuan-attract-young-hongkongers-greater-bay Business
Housing policy easing, falling yuan to attract young Hongkongers to ‘Greater Bay Area’ cities of Zhuhai, Zhongshan and Guangzhou
- Inquiries from Hong Kong for apartments in 70-year-lease projects have gone up
- Better sales forecast as the yuan is expected to weaken further
A map of the ‘Greater Bay Area’ is shown during a seminar in Hong Kong. Photo: AP
More young Hongkongers looking to get on to the property ladder are expected to seek homes in the “Greater Bay Area” cities of Zhuhai, Zhongshan and Guangzhou, as a result of policy easing and a depreciating yuan, property agents have said.
The agents said they have witnessed a twofold year-on-year increase in home sales in these cities, while enquiries from Hong Kong buyers looking to buy apartments in 70-year-lease projects have also gone up.