Expat families flee Hong Kong after double whammy of virus, protests

Relocation companies in Hong Kong are seeing a spike in inquiries about overseas moves. The owner of a construction-materials company, Jacob and his wife were worried last year about the political unrest, especially after the temporary suspension of schools.With classes suspended again amid the coronavirus outbreak, the prospect of more homeschooling for their 10-year-old daughter pushed them to take refuge in Auckland, New Zealand.

Hong Kong residents who come from elsewhere play outsized roles in finance, law and other service industries that make the city a global business capital. There was a net outflow of Hong Kong residents – excluding one-way permit holders from mainland China – of 29,200 in 2019, compared with a net inflow of 23,000 in the 12-month period ending in the middle of 2019.

That’s enough to create widespread fear. Many employees are working from home and many restaurants are struggling. Typically the peak season for overseas moves is in June, yet springtime already is starting to look busy, said Timothy Tao, Hong Kong-based director of business development with relocation company Asian Tigers Group. Inquiries have jumped in the past month, he said.

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