There is a spike in interest in Malaysian property and private international school enquiries, according to property consultants and a couple of International Schools in Malaysia.
Interest in Malaysia rose towards late June and early July with realty companies noting a sudden interest in Malaysian properties from Hong Kong investors.
SK Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng told the South China Morning Post newspaper there has been an increase in property visits to Malaysia by Hong Kong tourists.
The GM says Malaysia is certainly one of the countries on their list as an investment destination. She cited a number of reasons for that including affordability of the properties, cultural affinity (Chinese forms the second largest ethnic population in Malaysia) and language, which is not a barrier to investors from Hong Kong.
Food, the infrastructure and transportation and a few good international schools are attractive to fleeing Hong Kong citizens.
Others are calling it property tourism trips to Malaysia which started in the past two to three years but these are getting more interest lately.
Immigration consultants have seen a dramatic surge in inquiries in Hong Kong. Many among the younger generation are looking overseas with unending protests in the streets.
Millions took to the streets in the last two months, disrupting business and a strike called today (Monday August 5) makes it even more difficult for the city-state.
The demonstrations and strikes are to force Hong Kong leader Carrie Lam to suspend a controversial extradition bill indefinitely.
Besides Malaysia, Hong Kong citizens are also looking at Singapore for industrial and business investment.
Young people are also interested in Asian destinations such as Taiwan and Thailand, reversing the trends that favoured countries like Canada and Australia.
It is still cheaper to migrate in some Southeast Asia countries with better job prospects closer to home, immigration consultants said, according to Hong Kong FP. https://www.hongkongfp.com/2019/06/29/goodbye-hong-kong-young-people-look-flee-amid-extradition-bill-fury/
Portugal is also on the horizon for citizens on the run. -/TISG
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