SG Talk

https://www.cnbc.com/amp/2022/05/27/peop...going.html

• Hong Kong lost 93,000 residents in 2020, followed by another 23,000 in 2021. But early estimates show this year will see far more people go.    
  
• Many people and companies are moving to Singapore, though some expatriates are returning home and Hong Kongers are applying for residency under new visa programs launched in Canada and the United Kingdom.
  

[size=11]For the past 60 years, Hong Kong's population has grown nearly every year, from some 3.2 million people in 1961 to 7.5 million in 2019, according to Hong Kong's Census and Statistics Department.

From 2015 to 2019, the city gained an average of 53,000 new residents per year. Yet that is roughly the same number of people who departed Hong Kong during the first two weeks of March alone, according to the city's Immigration Department. [/size]

Moving to Singapore

Most people leaving, said Pei, are headed to same place: Singapore.

"Everyone's going to Singapore," said Pei, especially those working in finance, law and recruitment, she said.

Kay Kutt, CEO of the Hong-Kong based relocation company Silk Relo, agreed, saying people are attracted to the ease of business, family friendliness, tax incentives and open borders of Singapore.

In its 40-year existence, the past three years have been the busiest years on record for Silk Relo's sister moving company, Asian Tigers, she said.

"We cannot keep up with the capacity," she said. "We don't have enough people to serve what's going on in the marketplace."

Families are transferring to Singapore, she said, but small- and medium-sized businesses are also on the move. Whereas one company executive might have left in the past, now "they're all going," she said. Small companies are "taking the entire team and putting them into Singapore."

Large companies are also relocating to Singapore, said Cynthia Ang, an executive director at the recruitment firm Kerry Consulting. She cited L'Oreal, Moet Hennessy and VF Corporation — the latter which owns brands such as Timberland and North Face — as examples, while noting there are more who haven't made their decisions public yet.

still a very small percentage, unlike what flgdog has exaggerated about in this forum.

They will be come back later.. when China open its door again