44% of rich HK investors own overseas properties - HSBC survey

A HSBC survey suggested affluent people in Hong Kong expressed strong demand for property investment overseas. 44% of respondents said they owned overseas properties, following 55% in Indonesia and 45% in mainland China. A total of 2,700 wealthy people in seven Asian countries and regions, including Hong Kong, India, Indonesia, mainland China, Malaysia, Singapore and Taiwan, who held overseas properties, were interviewed. Australia is the first choice for the rich in Asia, particularly those in Southeast Asia, to buy properties. Ten percent of Hong Kong people said they had purchased flats in Australia. AAStocks Financial News Web Site: www.aastocks.com