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The Pulse：One week one entry for Shenzhen residents to HK, HK people buying property in Japan

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On Monday, China's Ministry of Public Security announced changes to the multiple entry scheme for Shenzhen residents, New applicants will now only be allowed to come once a week. Last week, Chief Executive Leung Chun-ying was still complaining that fewer mainland tourists were coming to Hong Kong. This week he was saying the government has been pushing for the new permit arrangement since June last year, and it’s been delayed because of anti-parallel trade protesters and some democrats.
Hong Kong’s property prices are putting the dream of owning a home well out of reach for many of its young people, even those who might be considered middle class. On the other hand, in Japan, a favourite travel destination for Hongkongers, property prices are very low, and some people are buying there. Even in Tokyo property costs can be a quarter of prices here and, unlike the situation in Hong Kong, you can actually own the land on which it stands, and buying is quite straightforward. But while Hongkongers are rushing in, many Japanese are fearing to tread.
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