‘Huge influx’: expat retirees projected to drive Hong Kong’s premium home demand

Advertisement ‘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 3-MIN READ3-MIN 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. Advertisement Select Voice Select Speed 1.00x