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在线翻译:
szdaily -> Business_Markets
Young mainland graduates help fuel HK property boom
    2017-September-8  08:53    Shenzhen Daily

AS Hong Kong struggles with the world’s priciest housing market, a shortage in supply is being exacerbated by mainland students who come to study and then decide to stay.

The graduates may help boost housing demand by 4,000 units a year in the medium term, estimates Nicole Wong, the regional head of property research at CLSA Ltd. in Hong Kong. That compares with 25,500 private residential units completed in 2016.

Government officials are trying to limit risks to the financial system and the economy from rocketing prices, while seeking to address a yawning affordability gap that has prevented young residents from getting on the property ladder. In rolling out cooling measures, the Hong Kong Monetary Authority has targeted groups including mortgage borrowers whose income is “mainly derived from outside Hong Kong.”

Pledging to do more to tackle the city’s housing woes, Chief Executive Carrie Lam said Wednesday that Hong Kong will offer subsidized flats to first-home buyers who are permanent residents.

Graduates, together with mainlanders who arrive on work visas and later become citizens, may be swelling demand by 3,000 apartments per year, with that figure set to grow by a third in coming years, according to Wong.

Mavis Lee, a senior branch manager at Centaline Property, said she’d noticed more young clients from the mainland who had studied in Hong Kong in recent years, many flush with funds from their parents.

“These post-80s or post-90s buyers come from money and in most cases, as the only child in the family because of the one-child policy, their parents are willing to provide them with the best,” she said. “Many have the down payments paid by their families.”

Hong Kong hosted 12,037 university students from the mainland, representing 12 percent of enrollment, during the 2016-2017 school year, University Grants Committee statistics show.(SD-Agencies)

 

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