KUALA LUMPUR - A Malaysian programme to attract wealthy foreigners to live in the South-east 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.
"The push factor from Hong Kong will definitely make Malaysia one of the best alternatives for a new location to reside," said Ms Sharifah Ikhlas Aljaffree, the director of the programme run by Malaysia's tourism ministry. It was not immediately clear how many applications were received last year from Hong Kong, one of the world's most densely populated and expensive cities.
MyExpat, an agency that advises expatriates on Malaysia's programme, said the number of its Hong Kong clients had surged in the past two weeks, but gave no figures. One of his targets was the US$100 billion Forest City real estate project on Malaysia's southern tip, being developed by China's Country Garden Holdings Co.
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