High-rise private condominiums in Singapore. The city state is a favoured investment destination among Hong Kongers demoralised by increasingly violent protests as well as the China-US trade war. – AFP pic, October 13, 2019.
FROM luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast Asian property, demoralised by increasingly violent protests as well as the China-US trade war. Millions have taken to the streets during four months of pro-democracy demonstrations in the southern Chinese city, hammering tourism while also forcing businesses to lay off staff – and the property sector is feeling the pain.
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