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For China's property developers, Hong Kong is becoming Shenzhen's backyard | WSAU News/Talk 550 AM · 99.9 FM


By Syndicated Content
By Clare Jim
Chinese property developers have turned their sights to Hong Kong’s border districts as mainlanders from neighbouring boomtown Shenzhen consider parts of the former British colony as a more affordable long-term housing prospect.
The development plans are seen by some as a turning point, with buyers from what was once considered Hong Kong’s cheaper industrial hinterland increasingly viewing of the global finance hub as Shenzhen’s “backyard”.
While Hong Kong’s property market remains red-hot, the city’s international economic prestige has come under pressure after prolonged pro-democracy protests in 2019 and sweeping new national security laws last year. ....

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For China's property developers, Hong Kong is becoming Shenzhen's backyard


ChinaFor China s property developers, Hong Kong is becoming Shenzhen s backyard
Reuters
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Shenzhen River, the border river that divides Hong Kong (left) and Shenzhen is seen from Shenzhen, China, October 22, 2019. REUTERS/Tyrone Siu/File Photo
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By Clare Jim
Chinese property developers have turned their sights to Hong Kong s border districts as mainlanders from neighbouring boomtown Shenzhen consider parts of the former British colony as a more affordable long-term housing prospect.
The development plans are seen by some as a turning point, with buyers from what was once considered Hong Kong s cheaper industrial hinterland increasingly viewing of the global finance hub as Shenzhen s backyard . ....

United Kingdom , Hong Kong , Tuen Mun , Hong Kong General , Yuen Long , Hong Kong Henderson , Clare Jim , Hong Kong Zhuhai , Vanke Hong Kong , Sam Holmes , Marius Zaharia , Sharon Tam , Thomson Reuters Trust Principles , Kaisa Group , Hong Kong Land Department , China Evergrande Group , President Xi Jinping , Full Story , Kong Land Department , Henderson Land , China Vanke , Hong Kong Zhuhai Macau , Greater Bay , Thomson Reuters Trust , ஒன்றுபட்டது கிஂக்டம் , ஹாங் காங் ,