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.”A growing number of ultra-wealthy expatriates are choosing to remain in Hong Kong beyond their working years … rather than relocate elsewhereWilliam Lau, Knight FrankAbout 30 per cent of Habitat’s recent sales were contributed by expat clients, Allan said.
How much of an impact will retiring expats have on Hong Kong’s luxury property?
Wealthy expats increasingly choose Hong Kong as retirement base, lured by its low-tax regime and international connectivity, analysts say.
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