Luxury residential properties across major mainland cities have been widely sought after by both investors and wealthy end-users in the past two months, say property agents.

The resurgence of demand has been triggered by mounting concerns over inflationary pressures, growing confidence in the market outlook, an increase in property buying by foreigners, and stock market volatility that has prompted a flight to the relative safety of property assets.

'Compared with three to four months ago, the landscape of the high-end segment has undergone a profound change in supply-demand dynamics,' said Nomura International (Hong Kong) senior property analyst Lee Wee Liat.

South China Morning Post