Property buyers from Mainland jumped to 8.2%
Transaction value contributed 19.1%.
Citing data by Centaline, Barclays says the percentage of mainland buyers in Hong Kong’s property market rose from 5.8% in 3Q 2013 to 8.2% in 4Q 2013 by transaction volume.
In the primary market, Chinese buyers increased from 11.2% in 3Q to 13.7% in 4Q by volume.
Here’s more from Barclays:
In terms of value, transactions with mainland buyers contributed 19.1% of the total transaction value in the primary market, up from 16.3% in 3Q.
However, it is still much lower than in 2012, when mainland buyers contributed more than 30% of transaction value in the primary market. The secondary market also saw some pick-up with the percentage of mainland buyers up from 4.8% to 5.3%.