People Are Looking to Get Out of Hong Kong Quickly: Asian Tigers Group

The transcript discusses the unexpected increase in business due to various factors like trade war, civil unrest, and coronavirus, leading to a surge in permanent relocations from Hong Kong to destinations like Singapore and London. It highlights the impact of school closures on relocation decisions and the conversion rate of inquiries to actual relocations. The business faces challenges with a decline in incoming jobs and is strategizing for future planning across different markets.

What were some of the key factors that led to an increase in people leaving Hong Kong?

• Better education systems in other countries

• Trade war negotiations, civil unrest, and coronavirus

• Improved job opportunities abroad

• Increased cost of living in Hong Kong

Which destinations have become more popular for people relocating from Hong Kong?

• Only major business hubs like New York and London

• Primarily Asian countries

• A mix of business hubs and personal destinations like Adelaide and Naples

• Exclusively European countries

What percentage of relocation inquiries are turning into actual relocations?

• About 25%

• About 50%

• About 75%

• About 90%

What is one of the main reasons families are hesitant to move to Hong Kong?

• High cost of living

• Lack of job opportunities

• Cultural differences

• School closures due to the virus

What is the impact of the current situation on incoming relocations to Hong Kong?

• There is a slight decrease in incoming relocations

• Incoming relocations have nearly dried up

• Incoming relocations have completely stopped

• There is a significant increase in incoming relocations

How is the business planning to adapt to the challenges in the Hong Kong market?

• By focusing solely on the Hong Kong market

• By expanding to more cities within Hong Kong

• By shifting focus to other markets that are performing better

• By reducing operations in all markets

What is the business's experience with the current relocation trends?

• They have no data on current trends

• They expected this trend to happen

• They have seen similar trends in the past

• This is an unprecedented situation for them