Hong Kong has held the title of the world’s least affordable real estate for the past nine years, and unhappiness over property prices is one factor fueling the current unrest. FMTNews
Hong Kong buyers are reportedly attracted to Malaysia due to the country’s ‘tropical weather, cleaner air, good education system, attractive properties and mix of Asian values and Western infrastructure’.
As anti-government demonstrations approach their fourth month, many people with the means in Hong Kong have been looking at contingency plans. They can range from shifting funds abroad to physically moving from the city. Nicholas Mak, the Singapore-based head of research at APAC Realty Ltd unit ERA, said Taiwan made the grade due to its relative ease of assimilation – both locations use traditional Chinese as opposed to simplified characters on the mainland.
Malaysia’s Mah Sing Group Bhd said it had been doing personalized consultations for prospects in Hong Kong, encouraged by significant sales in the past of apartments along the Penang seafront and in Kuala Lumpur.
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