Hong Kong takes second place in London market

Hongkongers are the second-biggest overseas buyers for new properties in London after Singaporeans, a survey shows.

People from overseas bought £2.2 billion (HK$25.8 billion) worth of newly built property in central London last year, up 22 per cent from 2011, a report by property consultancy Knight Frank said yesterday.

Buyers represented a total of 52 nationalities. Those from Singapore accounted for 23 per cent of overseas transactions. Hong Kong accounted for 16 per cent, while those from mainland China accounted for 5 per cent and Malaysians 4 per cent.

via Business feed http://www.scmp.com/property/international/article/1196658/hong-kong-takes-second-place-london-market