The price gap between luxury homes in Hong Kong and Shanghai is expected to continue narrowing, fuelled by growing demand from the wealthy at home and abroad.
With Beijing announcing last month its landmark plan to create a free-trade zone in Shanghai, property consultants believes prices in the city are fast catching up with Hong Kong’s.
Recently, mainland property agents tipped Overseas Chinese Town (Asia) will offer a penthouse at its super-deluxe project Suhewan, at Suzhou Creek, at an indicative price of 250,000 yuan (HK$314,000) per square metre.
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