Hong Kong will be the destination of choice for Mainlanders parking their money in Real Estate. Colliers International reported that while the Chinese spent $5.7 billion in investments in NYC last year, the Mainlanders invested nearly the same in Hong Kong at $5.3 billion in 2016.
Colliers notes that this growth rate, coupled with the island’s proximity to the mainland along with “a stable legal and political environment and potential for property price growth.”
The report does not note that investments in NYC would decrease, however. We’ll be keeping an eye on this as 2017 rolls to a close.