Central Plains: After the withdrawal of the stamp duty in Hong Kong in February last year, there were 63,000 transactions in private buildings, with Mandarin-speaking buyers accounting for one quarter of them.

According to the Etnet Finance News App, the Hong Kong SAR government fully withdrew the cooling measures since February last year, attracting many mainlanders to buy property and immigrate to Hong Kong. Chen Yongjie, Vice Chairman of Cushman & Wakefield Asia Pacific and President of the Residential Department, pointed out that from March 2024 to May 2025, Hong Kong recorded more than 63,000 private residential property transactions. Among them, 15,500 were registered by buyers using Mandarin Pinyin (including 7,361 new properties and 8,188 second-hand properties), accounting for about one-fourth of the total, indicating that one out of every four buyers may have mainland background.