Real estate agents expect Malaysia and Thailand to benefit the most from some Hong Kong residents’ frustration over the second bout of lengthy demonstrations in five years in the former British colony, which returned to Chinese rule in 1997.
(Aug 21): A Malaysian programme to attract wealthy foreigners to live in the Southeast Asian nation has drawn 251 applications from Hong Kong residents this year, compared with 193 approved last year from the Chinese-ruled city, a government official said.
Property consultants said interest in the “Malaysia My Second Home” (MM2H) initiative has surged among residents of the Asian financial hub, rattled by anti-Beijing protests that began more than 11 weeks ago.
