This paper examines the effect of mainland Chinese buyers' housing purchase in Hong Kong. Contrary to media's allegation on mainland buyers causing huge bubbles in Hong Kong housing market, we find that mainland buyers only constitute less than 4% of housing transactions in Hong Kong from 2001...

Trust, as an important social capital and informal institution, has profoundly affected transaction behaviors in Chinese second-hand housing market. Based on the second-hand housing transactions of 17 cities from Lianjia database, this paper matches the birthplaces of traders with CESS2000 to...