Keeping up to date with the latest destination trends and how they could impact your global relocation program is an ongoing challenge. If you relocate assignees to Hong Kong, China and Singapore, our latest Market Watches give details on current housing, schooling and immigration issues.
Relocation Housing Update
Our in-house destination service teams report that smaller properties in Hong Kong are currently highly sought after. In Shanghai the increased demand for rental properties is being driven by domestic tenants as well as expatriates; and in contrast, rental values in Singapore for 2014 fell, particularly in the high-end market.
In Hong Kong, international school applications for the 2015/16 year need to have been submitted for many schools; for others, the deadline is fast approaching. Assignees should maximize their chances of success by making multiple school applications as early as possible.
In the immigration arena, in Hong Kong some relaxation of the pattern of stay for some visa categories will take place in the second quarter of 2015. In Singapore, the Ministry of Manpower (MOM) will require a work pass to be issued before an Employment Pass applicant can start work in Singapore. (Currently, it is possible to commence employment with a MOM In-Principal Approval Letter.)