More Hong Kong expats buy property offshore as they eye leaving city


More Hong Kong-based expats are buying properties in their home countries or other overseas markets, boosting the number of transactions by 30 to 40 per cent this year, according to agents and bankers.If the trend holds, Hong Kong’s population of expatriates – who account for a large portion of the home leasing market in the city, particularly the high-end segment – will decline, likely impacting the overall rental market, analysts said.The number of persons employed by companies whose parent…

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