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Hong Kong ultra-luxury homes: mainland Chinese buyers drive US$3 billion buying spree

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Hong Kong’s super luxury property market has seen 35 transactions worth about HK$23 billion (US$2.93 billion) in the past 19 months, with ownership shifting from local property-industry tycoons to mainland buyers who have made their fortunes in hot industries, according to Savills. Wealthy buyers from mainland China accounted for 80…

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Click here to read the full story: South China Morning Post

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