Since the removal of property curbs in Hong Kong last month, mainland Chinese buyers have flocked to purchase luxury homes in the SAR valued at $3.9 million (HK$30 million) or more, comprising 70% of primary sales, up from less than 50% previously. This surge, aided by the Top Talent Pass Scheme, follows the government’s scrapping of decade-old property market curbs, including stamp duties targeting non-permanent residents. Additionally, the Hong Kong Mortgage Authority relaxed measures, now allowing 70% mortgage financing for homes valued under $3.9 million (HK$30 million).