Hong Kong Loses Ultra-Rich to Mainland, Singapore

Covid, crackdown cut into city’s allure

By: Toh Han Shih

Hong Kong is losing out on wealthy individuals compared to mainland China and Singapore, according to an April 18 report of Henley & Partners, an international firm which offers residential and citizenship planning to the ultra-rich. The super-rich who filled Hong Kong’s crowded streets with Ferraris and Bentleys and gave the city its ex…