Many mainland Chinese students helped support rental income for - TopicsExpress

Many mainland Chinese students helped support rental income for home owners in Hong Kong over the past decade. However, local renters were suffering from rising rental costs. They may not come and buy gold like crazy anymore, nor snap up residential units without so much as a second look, but mainlanders still manage to drive up rental prices in Hong Kong. A mainland student bid HK$12,300 for a 284 square foot flat in One Shatin City. At about HK$43.30 per square foot, the offer broke the record in the housing estate and put Shatin on par with Taikooshing. bit.ly/1qFu96X

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