The exodus of expatriates from Hong Kong to Singapore has led the latter to reportedly experience a surge in demand for enrolment in top private schools.
With the increasing reports of staff or even hub relocation plans from Hong Kong to Singapore across global companies, there are naturally knock-on effects such as increased demand for private schooling in the city-state.
According to a «Financial Times» report, there is a surge in demand at international schools like the Canadian International School which said inquiries in 2022 rose seven-fold compared to the previous six months the student positions for the most oversubscribed year groups being pursued by 10 families each.
The Perse School Singapore, a British international school, says it is receiving as many as 30 inquiries per day though there was no waiting list as this was offset by expat outflows last year before the loosening of Covid restrictions in the city-state.
Hong Kong Debentures
The significant outflow of expatriates has also affected the Hong Kong schooling market with a hit on debentures – a type of advance loan paid for priority admission.
At British international school Harrow Hong Kong, for example, debentures fell more than one-third from their peak price in 2019 to around $420,000 this year on the secondary market, according to brokerage agencies.
https://www.ft.com/content/47d84ad3-1dde-4a6e-aacd-78a5cf7d3ae3
