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More wealthy Hong Kong citizens buying UK properties

Real estate agents say the arrest of HK media tycoon will spur buying interest in the UK and elsewhere

Published Wed, Aug 12, 2020 · 09:50 PM

London

OVER the decades, the wealthy in Hong Kong have purchased London apartments as investments. But China's new security law in Hong Kong may have created a further dimension.

In recent times, Hong Kong citizens may be viewing properties in the UK as bolt holes.

As reported in The Business Times earlier, the UK has opened the door to up to three million British National Overseas (BNO) citizens as Beijing has reneged on the 1997 transfer accord.

Property agents believe that the arrest of Jimmy Lai, the pro-democracy media tycoon in Hong Kong, will raise local fea…