{"id":4049,"date":"2019-09-16T08:35:12","date_gmt":"2019-09-16T08:35:12","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4049"},"modified":"2021-06-04T14:39:13","modified_gmt":"2021-06-04T07:39:13","slug":"protests-drive-hongkongers-toward-homes-in-safe-havens","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/protests-drive-hongkongers-toward-homes-in-safe-havens\/","title":{"rendered":"Protests drive Hongkongers toward homes in safe havens"},"content":{"rendered":"<p>Overseas properties and migration offer escape from instability<\/p>\n<figure id=\"attachment_4050\" aria-describedby=\"caption-attachment-4050\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-4050\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_130396826.jpg\" alt=\"\" width=\"1000\" height=\"714\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_130396826.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_130396826-300x214.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_130396826-768x548.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4050\" class=\"wp-caption-text\">Hong Kong skyline as seen from The Peak. Sean Pavone\/Shutterstock<\/figcaption><\/figure>\n<p>Rocked by demonstrations of weeks past, Hong Kong residents are fanning out toward properties from Melbourne to Vancouver, <a href=\"https:\/\/www.reuters.com\/article\/us-hongkong-protests-migration-analysis\/hong-kongers-troubled-by-unrest-look-for-new-homes-abroad-idUSKCN1VY04T\" target=\"_blank\" rel=\"noopener noreferrer\">Reuters<\/a> reported.<\/p>\n<p>Property investors have reported human and capital flight out of Hong Kong into destinations perceived as safe havens.\u00a0Meanwhile, migration agents have reported one of the biggest surges in relocation enquiries from not only affluent tycoons but also middle-class households.<\/p>\n<p>Home prices in the infamously unaffordable Chinese SAR descended for a second consecutive month in July, with transaction volumes set to hit a six-month low.<\/p>\n<p>Enquiries have increased sevenfold at Uni Immigration Consultancy in Hong Kong since protests began in June. \u201cThe numbers are the highest in recent years, even higher than 2014,\u201d Peggy Lau, a sales director at the consultancy, told Reuters.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/small-talk-the-rise-of-hong-kongs-nano-homes\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More:\u00a0The rise of Hong Kong\u2019s nano homes<\/strong><\/a><\/p>\n<p>Some of those enquiries are pointing to Australia. Hong Kong buyers have made a half-dozen calls to Sydney property agent Peter Wong last month\u2014the busiest he has had in decades, he told Reuters.<\/p>\n<p>Ken Dodds, sales director at Melbourne homebuilder Resimax, hosted 43 Hong Kong investors last month. \u201cPeople are keen to look for a safe haven,\u201d he said, adding that the investors bought or reserved a dozen properties: a \u201cgreat\u201d result.<\/p>\n<p>\u201cThis episode has planted a seed in many Hong Kongers with Canadian ties to begin the process of moving money, assets, and family out of Hong Kong and back to Canada,\u201d Dan Scarrow, president of Vancouver-based Macdonald Realty, told Reuters.<\/p>\n<p>\u201cThis process will play out over the coming years, not over the coming weeks,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overseas properties and migration offer escape from instability<\/p>\n","protected":false},"author":8,"featured_media":20278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[137,171,494,495,235],"class_list":["post-4049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-china","tag-hong-kong","tag-immigration","tag-migration","tag-politics","news_country-hk-macau","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Protests drive Hongkongers toward homes in safe havens | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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