Hong Kong residents seek overseas properties for exit plan

UK sees home demand surge after citizenship offer in response to security law

20200901 Property in London

A "for sale" sign outside a home in London. An average apartment in Hong Kong costs more than $1.2 million, according to a report, almost twice that of London at $650,000. © Getty Images

MICHELLE CHAN, Nikkei staff writer

HONG KONG -- Spurred by concerns over Hong Kong's future under a newly imposed national security law, interest among residents in residential properties overseas has soared, as increasing numbers plan for emigration.

The U.K., which recently offered citizenship options to about 3 million people in the former British colony -- roughly 40% of the city's 7.5 million residents -- has become the most popular destination for Hong Kong buyers.

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