Hongkongers are looking to buy global properties on the cheap as the Hong Kong dollar which is pegged to the US dollar strengthens due to emergency rate cuts which have flattened borrowing costs, according to a report in South China Morning Post (25 March 2020). The stronger Hong Kong dollar is providing Hongkongers who are looking to emigrate after months of social unrest in the city with a great opportunity to buy overseas property. “In almost every market where Hong Kong buyers are significantly active, they can buy property for much cheaper now than just a couple of weeks ago. The economic fallout is pushing other currencies down as investors fled to the safety of the US dollar.” said Georg Chmiel, executive chairman of Juwai IQI.