Chinese fought Hong Kong property market love to buy the whole building

In the past few years, Wanda, HNA and other Chinese-funded enterprises all made high-profile investments in the real estate market in Europe and the United States. However, since the central government stepped up its control of capital outflows, Chinese-funded enterprises have fought in Hong Kong’s property market.

Increase return increase brand awareness

Liu Yahan, co-director of Bank of International Research, believes that the drastic devaluation of the renminbi last year has caused many domestic businesses to wake up from the need to diversify their businesses. Investing in overseas properties not only reduces the risk of depreciation of renminbi, but also increases the return on investment. Therefore, However, under the tight control of capital outflows by central authorities, the difficulty of raising funds for overseas investments in domestic housing has hindered them from making overseas investments. On the contrary, Hong Kong capitalists are more flexible in capital operation and easier to invest in overseas properties.

CIMB Securities analyst Zheng Huaiwu agrees that it is not easy for domestic customers to remit domestic funds overseas. Although Vanke (02202) invested in both Singapore and the United States, its share of the property portfolio in the Group is not high. Zhongyu (01224 ) There are more commercial buildings in London, but only a few examples.

He added that relative to Europe and the United States, in the near future more and more domestic housing prefers to invest in commercial buildings in Hong Kong. Because Hong Kong is an important city in China and is in line with Europe and the United States, all domestic properties love the acquisition of properties in Hong Kong. Improve returns, but also improve brand awareness.

According to Daiwa Capital’s report, about a total of about 100 billion yuan has flowed into Hong Kong’s office market in the past 24 months. Earlier this month, Wharf (00004) sold 8 Bay East, Kwun Tong, at an average price of $ 15,000 for the interior Greenery China (00095) for 9 billion yuan.