Hong Kong‘s political instability, the pace of Hong Kong people’s Family migration accelerated, international schools have also seen a wave of dropouts, along with the second-hand school bonds and principal bonds a big price cut. Apple Daily as a customer to a number of membership investment companies, found that even in the past, the children of senior officials and rich second generation “to collapse the head” to attend the Hanji International School, but also because many Parents anxious to emigrate, so that its second-hand bonds from the market price of $ 12 million, more than half of the price to 5 million has been traded; ISF Academy bond prices also from the peak of about 8 million, down to 4.8 million, a drop of about 40%. Vice President of the Association for Education Ye Jianyuan analysis, Hong Kong’s political and economic factors are not good, so that foreign talent do not want to send their children to Hong Kong to study, the supply and demand for international school places will further decline.
In Hong Kong to attend expensive international schools is a status symbol, parents with considerable financial resources do not hesitate to buy a high price issued by the international school, the holder can exchange for the right to nominate school bonds or principal vouchers, in order to increase their children’s chances of admission. In the past, the long and senior adviser Li Ka-shing granddaughter Li Yan-ning, Liu Luang-hsiung’s eldest son Liu Mingwei enrolled in the Hanji International School, over the years because of the transfer of rare places, and bonds with a deadline, etc., so that its second-hand bond price has been rising without falling, hard to maintain the level of more than 12 million.
Investment consultants: less than 60% of people ask for price
However, the reporter recently to a number of membership investment company inquiries as a customer, one of the main international school bond transfer company staff Miss Zhang pointed out that the Hanji in the market in the past, from a year at most only one to two bond transfers, so far this year, a short month, students suddenly due to mid-term withdrawal immigration relations, there have been at least four company nomination right bonds released, the situation is very unusual.
The most flat one only needs 5 million yuan, the whole family immigrants in a hurry to go away half the price, so many years really have not seen such a low price, really fast hands have slow hands. And the rest of the market for the release of the Hankey second-hand company nomination bonds, the asking price is between 6.5 million yuan to 9 million yuan, a drop of about 25% to 46%, the relevant bonds are valid until 2022 to 2024 ranging.
As for another ISF Academy, the price of its principal bonds has fallen from a peak speculative price of $8 million in 2016 to about $4.8 million, down 40%. At the same Time, the second-hand price on the market is even lower than the most recent issue of the face value of 6.5 million yuan principal coupons 26%.
Mr. Chen, the head of the membership investment company, said that the political environment in Hong Kong has turned bad, so many Hong Kong families choose to drop out of school to immigrate, and hold foreign passports of wealthy mainland parents, but also prefer to send their children to foreign schools. The price of bonds has fallen sharply because of the oversupply.
In addition, the secondary market price of Harrow Hong Kong International School, which is known as an “aristocratic school”, was once priced at $6 million, but now it is between $3 million and $3.3 million, a drop of 45% to 50%. The HJ Victoria School bond price is more stable, has been maintained at the level of 3.5 million to 4 million yuan.
Political Epidemic pinches foreign families to evacuate
Vice President of the Association for Education, former Member of Parliament for Education Ip Kin-yuen pointed out that the international school secondary bond market prices fell mainly because of the deterioration of the political environment in Hong Kong, even if some multinational companies will be stationed in Hong Kong, the staff may not come to live in Hong Kong with their families. During last year’s outbreak of Wulong (Chinese communist virus pneumonia), some expatriate families moved their children back to their Home countries to avoid the suspension of their studies.
The company’s main business is to promote the development of the company’s products and services. The global economic downturn has also caused parents to stop spending millions of dollars to send their children to international schools. The decline in international school enrollment may continue in the next two to three years.
A middle-class parent doing business in Hong Kong said, seeing that the teaching materials of primary and secondary schools in Hong Kong are constantly distorted, has planned to transfer their daughters in kindergarten to international schools, “strong alarm public schools, ? home education immediately chaotic, so will transfer their daughters to international schools, I think international schools do not let the government control too much, trouble to the next generation to study”. However, he said he did not consider buying bonds a way to reduce the price of the middle class and not to the rich level will attract people, but we are not strong rich, so will be based on the strength of the examination to go to a school that does not make the purchase of bonds.
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