The average property price in Hong Kong climbed to $1.25m this year, according to CBRE’s Global Living 2020 report, making it the world’s priciest market and twice as expensive as London, where the average is $624,225.

One HK citizen eager to take up the government’s offer to move to the UK has worked out that by selling his 800sq ft flat he could buy three semis in Kent.

Yesterday the government set out details of how up to 3m people would be able to able for UK citizenship.