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China battle to avoid housing bubble sends buyers to Hong Kong

Posted on 09 November 2010

From Bloomberg: Lam Yuet-fung expected 1,000 people a day to visit his booth at a five-day convention in Shenzhen starting Oct. 1 to inquire about buying homes in neighboring Hong Kong. By day four, more than 10,000 had stopped by.
“The reaction has never been as good,” said Lam, who credits the interest to the Shenzhen government’s Sept. 30 announcement that it is restricting home purchases by most local residents to two units……………………………………….Full Article: Source


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