Mainlanders buy smaller share of new Hong Kong homes

Mainland property buyers, once blamed for pushing up Hong Kong home prices, are accounting for a shrinking share of new home sales as local buyers return to the market.

According to a Centaline Property Agency survey, an estimated 23.1 per cent of the new flats sold in Hong Kong in the third quarter were bought by mainlanders, down from more than 40 per cent a year ago, or a 1.2 percentage point drop compared with the second quarter.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1068222/mainlanders-buy-smaller-share-new-hong-kong-homes