Fearful of China's new security law, Hong Kongers scramble for safe havens

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[SYDNEY] Many Hong Kong residents are scouring for new jobs and homes overseas, fearful that a new national security law imposed by Beijing will crush coveted rights not enjoyed on the mainland and herald a new authoritarian era for China's freest city. Read more at The Business Times.

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Juwai does not disclose numbers of enquiries, but did say Australia was the top foreign real estate investment location for Hong Kong buyers in the first half of 2020.

"After just a few days we have already closed one sale sight-unseen," added Ms Chong, managing director of IQI Western Australia. After a first rush of enquiries about overseas possibilities when China proposed the law on May 21, the volume has surged again over the past 10 days as its implementation happened.

"The new security law may result in an exodus of local talent," agreed Victor Filamor, partner at executive search firm Stones International in Hong Kong, though he stressed it was too early to know the law's effects.

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