Hong Kong Residents Are Flocking to Singapore, Snapping Up Rental Homes

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Hong Kong Residents Are Flocking to Singapore, Snapping Up Rental Homes
France Dernières Nouvelles,France Actualités
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Stifled by strict Covid restrictions in Hong Kong, some residents from Hong Kong have moved to Singapore.

Some of those arrivals intend to settle down in Singapore and have turned to co-living spaces or serviced apartments, according to industry players.

Around 70% of bookings from Hong Kong at Hmlet Homes were for three-month stays, the minimum required. The remaining 30% of bookings were for longer-term stays of between six and 12 months.Far East Hospitality has received a mix of bookings — from both travelers and businesses looking for interim accommodation for their employees, according to Tan Chia Hui, head of operations for hotels and serviced residences.

JustCo said it hasn't observed a substantial increase, but that international financial institutions in Hong Kong are seeking flexible workspaces in Singapore.Singaporeans based in Hong Kong have made extended trips back home in recent months, citing the relative freedom that people in the Southeast Asian city now enjoy compared with Hong Kong.

Some Singaporeans were also motivated to return to visit their home country to see family and friends.

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