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‘Huge influx’: expat retirees projected to drive Hong Kong’s premium home demand
Wealthy expats increasingly choose Hong Kong as retirement base, lured by its low-tax regime and international connectivity, analysts say
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Hong Kong is tipped to see more luxury home sales with expatriates increasingly choosing the city as their retirement base, drawn to its low-tax environment as well as business opportunities, according to analysts.
“A huge influx of expats who used to live in Hong Kong are moving back with a long-term view to retirement,” said Victoria Allan, founder and CEO of Habitat Property.
“Many expats who previously would have left to retire are staying and purchasing [property] for the first time.”
Notable high-end property deals recently involved non-local top executives and business founders, among others.
About 30 per cent of Habitat’s recent sales were contributed by expat clients, Allan said.
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Facts Only
* Expatriates are choosing Hong Kong as a retirement base.
* The attraction factors cited are the low-tax regime and international connectivity.
* Victoria Allan, founder and CEO of Habitat Property, stated that many expats who would have left for retirement are staying and purchasing property.
* Non-local top executives and business founders were involved in recent high-end property deals.
* Expat clients contributed to approximately 30 percent of Habitat’s recent sales.
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The text presents a factual observation supported by expert commentary regarding expatriate property trends in Hong Kong, exhibiting typical journalistic sourcing patterns.
