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Mainland Chinese investors accounted for a smaller percentage of Hong Kong’s new home sales for a second quarter as the nation’s banks tightened lending while local buyers returned to the market, Midland Holdings Ltd. (1200) said.

 

Mainland purchasers made up 36.8 percent of all new home sales by value in the first quarter, from 37.9 percent in the previous three months, Hong Kong’s biggest publicly traded realtor said in an e-mail yesterday. The figure reached 53.9 percent in the third quarter last year, Midland said.