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Shenzhen people buy Hong Kong house 50% are rich "double not"

Squarefoot Editor  2012-10-04  #Property Hit News
(reporter ChangHong Li, practice reporter Jing Hu, Shenzhen reports) Different from Wenzhou and the other mainland investors, Shenzhen investors buy Hong Kong's property is mainly for their children's education and make investment in passing. Midland Shenzhen sales department general manager XinYou Yuan told the reporters, 50% of the Shenzhen investors are rich "double not" family mainly consider for children' s education in Hong Kong in the future. Reporters found that expand business to "double not" and the pearl river delta customers already became common goal of a lot of Hong Kong real estate agencies. Rich "double not" pave the way for their children on Hong Kong education Hong Kong nearby Shenzhen and have convenient traffic between two cities , plus with high education level and future investment appreciation consideration, many Shenzhen investors go to Hong Kong for investment, especially those rich people who gave birth children in Hong Kong and become " double not" families. Their purpose for buying house in Hong Kong is their children's education make investment in passing. XinYou Yuan says, 50% of Shenzhen customers who buying Hong Kong houses are "double not" families which surprise the reporters. Chairman of Shenzhen Dexinlong investment guarantee company dong Xu told, he bought a suite house last year in one Tuen Mun luxury house project worth more than HKD20 million in purpose for his daughter who born in Hong Kong on future education consideration. At present the daughter is 4 years old. They are "double not" family and he hopes Hong Kong people don't see "double not " one-sided. He like many other Shenzhen "double not" rich, set up company in Hong Kong and hired many Hong Kong employees and make his own contribution to Hong Kong. Property buying will make appreciation and lower cost financing Except for her daughter's education, Dong Xu also look forward to house property appreciation. He said the property has value rise millions of Hong Kong dollar. In addition, he will also guaranty the Hong Kong property to Nanyang Commercial Bank for lower cost financing compare to mainland bank. Which help company import overseas plastic raw materials to reduce company cost. So he made investment in Hong Kong serve many purposes. Reporters learned that, expand "double not" and the pearl river delta customers has become the common goal of many Hong Kong real estate agencies. In addition, except Centaline Property Agency and Midland have branch offices in Shenzhen, some small and medium-sized real estate agencies, such as Hong Lok Yuen etc., do not have office in Shenzhen. In order to expand business, they through Shenzhen Real Estate Fair to develop the mainland market and look for customers. Centaline Property Agency project development and investment department associate director YueFeng Lin told, they bring team more than 20 people this fair to promote their brand and attract Shenzhen and pearl river delta customers. He said their promotion result were good in every Shenzhen Real Estate Fair and this is the third years they come to Shenzhen for promotion. The reporters saw, there were some mainland customers inquired in Centaline Property Agency's exhibition hall from time to time. A Shenzhen couples who engaged in financial investment consult with sales man about the Kadoorie Hill project , mainly purpose for their children's education in Hong Kong. Hong Kong Ricacorp Properties responsible person Ms. Zhao told reporters, this is their first time to come to Shenzhen for promotion. Only cost for building model in Shenzhen is HKD40,000 and plus with hire four standard booths, the total cost nearly 150,000 Hong Kong dollars. The purpose is to attract mainland customers. In addition, Hong Lok Yuen also take part in the fair in first time and there are eight 8 people go to Shenzhen to promote Hong Kong projects.
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