Returning expats fuel Hong Kong's luxury rental rebound, Savills says [Yahoo! Finance]
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Source: Yahoo! Finance
home-grown professionals drive demand for high-end accommodation, according to Savills. Deals were expected to exceed the 660 last year, said Jack Tong, the property consultancy's director of research. "The outlook remains cautiously positive," he added. For next year, Savills expected "stable to gently rising luxury rents as the supply of prime units tightens due to ongoing renovations at top projects", Tong said. "It is expected that leasing transactions will continue to thrill over the last two months of the year." Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Tong said there were "clear signs of returning expatriate professionals", especially those relocating from Singapore, Europe and India, while mainland Chinese tenants remained the "backbone of luxury rental", helped by th
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