In recent years, the government has been persisting to encourage the integration between The Greater Bay area (GBA) and Hong Kong. However, HongKongers found that there was a huge gap in properties prices between these two districts. Early last year, Hong Kong has resumed quarantine-free travel between China and Hong Kong. Since then, HongKongers are not only to return China for fine dining and enjoy various entertainment activities, but also to search the opportunities to invest in properties or buy self-use units.
The author is aware of an investor and a user who purchased properties in Dongguan and Zhuhai respectively for investment and self-use purposes in the middle of last year. The Investor who bought a detached house in Dongguan for twenty million Renminbi. One and half years later, this property price fell by 50%. At present, the impairment loss of property value is about ten million.
The user spent three million to buy a high-rise unit in Zhuhai. By December of this year, the price dropped by 30%, 
and the market value of this property has decreased to approximately one million.
The above-mentioned investor and user were pessimistic to Hong Kong property market, so they switched to invest China property. Unfortunately, the investment losses in China properties were worse than purchasing Hong Kong properties at the same time.
The author had published an essay earlier to suggest that HongKongers should lease instead of buying properties in China. Indeed, the oversupply of residential properties hit the market seriously, and there is no chance to elevate the prices again in the near future.
In China, the foreign exchange control is strict, and it is difficult to remit back the funds deriving from the sales of real estates, which will cause great inconvenience to landlords who need capitals.
With the year of 2025 approaching, the property markets in China and Hong Kong are the same fate with a shared future, and they are also strained by similar unfavorable factors. These nuisances such as the trade war, economic slowdown, oversupplies, and downward purchasing power are still fermenting.
Nowadays, the most optimistic market comments only estimate that Hong Kong property prices will rise by 5% next year, and this minimal rise cannot compensate for the cost of buying a residential unit, and China properties will be worse. Therefore, Hong Kongers can continue to visit the GBA to enjoy low-cost services and products. As a smart consumer, he or she should leave these opportunities to property investors who do not care about the fluctuation property prices in the foreseeable future.
