In the past two years, a large number of Mainland China's capital has entered the Hong Kong real estate market, and this is still continuing. In February 17th, the closing date of tender, Hong Kong Ap Lei Chau residential land was known to attract tenders in ultra-high price from multiple consortiums. Mainland developers Logan Property Holdings and KWG Property Holding have joined forces to win a residential after paying a higher-than-expected HK$15.8 billion, at least 35% higher than the market’s expected rate. It is to be noted that the competition for this plot also shows that despite of the economic downturn, and that the real estate market is subjected to regulation, there is still the "crazy" influx of Mainland China’s capital into the Hong Kong property market. As we have analyzed in the past, Mainland’s capital (whether industrial or financial) actively enters the Hong Kong market, in addition to the general market investment, there is the intention of allocating assets in overseas as renminbi devalues. As a result, Mainland China’s capital is more able to bear the high prices of Hong Kong's assets.