In recent years, Hong Kong's property market has experienced significant upheaval due to political changes imposed by Beijing. The city, known for its vibrant real estate sector, saw a decline in property values and market activity following the implementation of the National Security Law (NSL) in 2020.
Since the NSL came into effect, a substantial number of residents, both Chinese and foreign, have left Hong Kong. This exodus has been accompanied by the departure of global businesses, including major financial institutions like Goldman Sachs and JP Morgan, relocating to more favorable locations such as Singapore.
