British Developers stationed in Hong Kong to link Mainland China market

The British real estate developer, Select Property Group, recently entered Hong Kong to set up a branch to connect the UK and Mainland markets through the Hong Kong branch.

Cedric Tay, business development manager of Shangcang Real Estate Group, pointed out that as early as 2015, the Group intended to enter Asia. At that time, he was conceived to open the first branch of the Asia Pacific region in Singapore or Hong Kong. At that time, he chose to use Singapore as a pilot due to rent and other issues. After entering the Asian market in 2016, about 50 to 60 properties were sold each year to Hong Kong buyers, which accounted for about 20% of the group’s global revenue. Hong Kong investors were very keen to invest in the UK real estate market and decided to enter Hong Kong.

Selected: North of the property returns high

Cedric pointed out that Hong Kong buyers are mainly investors. When investing in overseas properties, they place more emphasis on investment and returns. It is recommended that investors choose cities in the northern part of the United Kingdom because of higher prices in London and lower prices in northern cities. Higher returns. Take Manchester as an example. The government is currently investing substantial resources in the construction of infrastructure such as airports and schools. The entire city and the economy are developing and attracting foreign investors. The population of Manchester is growing. Many people choose to work in the UK. Overseas students will choose to stay in the UK after graduation. The demand for housing remains the same. Other northern cities such as Birmingham, Liverpool and Leeds are also more popular.

Manchester vacancy rate 2% exceeds supply

He said that there are many countries in the world and the development of second-tier cities has matured and become a lot of overseas investment sites. Second-tier cities can use their resources and manpower to benefit first-tier cities such as Beijing and Shanghai in China, Tokyo and Osaka in Japan, Australia and Sydney in Australia, and London and Manchester in the United Kingdom.

It is expected that with the development of the city, Manchester will rise by about 15%. Due to rapid population growth, Manchester currently sells about 9,000 homes each year. However, only about 1,700 homes can be built each year. Housing demand does not match population growth. Manchester’s vacancy. The rate is only about 2%, which is the lowest in the UK and supports the continued rise in property prices.