Downtown Guangzhou, which is intersected by the Pearl River, in South China's Guangdong Province, begins to illuminate in the fading light for the setting sun. Photo: VCG

People from Hong Kong and Macao can now buy property more easily in neighboring city of Guangzhou since an easing housing policy came into effect on Monday, which experts said would attract talents to work in the Guangdong-Hong Kong-Macao Greater Bay Area.

According to the policy, people from Hong Kong and Macao who have no property on the Chinese mainland can now buy one flat in Guangzhou by providing their identity cards and travel permits, Guangzhou Daily reported on Wednesday, citing the Guangzhou Real Estate Trade Registration Center.

This comes as new measures are being taken by the capital of South China's Guangdong Province to ease the housing policy for residents in the two special administrative regions (SARs). 

Previously residents in the two SARs were required to submit certifications to prove their working, studying and staying status in Guangzhou in order to purchase a property. 

By largely reducing the number of documents and raising the efficiency it will attract more talents to work and reside in Guangzhou, expert said. 

"The easing of the housing policy is expected to draw more professionals to participate in the construction of the Greater Bay Area," Lin Jiang, a professor in economy at Lingnan (University) College at Sun Yat-sen University, told the Global Times on Wednesday.

"Those who could afford a home in Guangzhou are usually industrial professionals and middle class groups in Hong Kong and Macao, which fit the talents demand for the Greater Bay Area," he said. 

Two groups of people will be particularly benefited by the policy, said Lin.

"It will be attractive to those who live in small apartments in Hong Kong and wish to upgrade their living standards as well as those well-off retired people who foresee the potential of the Greater Bay Area and wish to invest for their future generations," he said.