Hong Kong residents eye apartments overseas as protests drag on
Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to look beyond the Asian financial hub. "There's been an increase in capital outflows from Hong Kong-based investors into other major global real estate markets, with Australia, Singapore, Japan and the US all seeing an increase in purchasing activity," said Ben Burston, Knight Frank LLP's Australia-based chief economist. Pro-democracy protests that erupted in June have crippled the city's economy and caused huge inconvenience to people's daily lives.
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