CK ASSET(HK:01113) Sou Hu Cai Jing·2025-07-31 09:52Core Viewpoint - The article highlights the increasing demand from Hong Kong buyers for properties in mainland China, particularly in the Greater Bay Area, driven by lower prices and better living conditions compared to Hong Kong [1][9]. Group 1: Property Projects and Pricing - Four projects promoted by Cheung Kong Holdings include Huizhou Longbo Garden, Zhongshan Longbo Garden, Guangzhou Yicui Garden, and Dongguan Haiyi Haoting, totaling 400 units with prices starting from 400,000 RMB [1][3]. - The price of a one-bedroom unit in Huizhou Longbo Garden has decreased to approximately 8,632 RMB per square meter, down from a previous range of 10,400 to 14,000 RMB per square meter [1][9]. - Dongguan Haiyi Haoting's villa prices have dropped from 44,000 to 68,000 RMB per square meter in May 2023 to 18,000 to 36,000 RMB per square meter in June 2023 [1]. Group 2: Market Trends and Buyer Demographics - The demand from Hong Kong buyers for mainland properties has significantly increased since mid-2022, with Huizhou Longbo Garden selling nearly 600 units, mostly to Hong Kong residents [3][9]. - The People's Bank of China reported that as of June 2023, 3,341 transactions involving Hong Kong and Macau residents purchasing properties in mainland China generated cross-border income of 3.08 billion RMB [1][10]. - The trend of Hong Kong residents buying properties in mainland China is attributed to the aging population in Hong Kong and the increasing establishment of businesses and universities in the Greater Bay Area [8][9]. Group 3: Investment and Development Strategies - The strategy of "old projects sold anew" reflects the long-term development approach of the Li Ka-shing family, focusing on low-cost land acquisition and gradual development [1][9]. - Developers are adjusting prices to maintain normal transaction rhythms in the current market, which is characterized by low or slightly declining prices [9][10]. - The shift in Hong Kong buyers' motivations from investment to self-occupation indicates a growing preference for living conditions and community services available in mainland China [13].