And you thought New York was tough!
Michelle Yun of Bloomberg reports:
Hong Kong’s worsening shortage of spaces in its 49 international schools is so critical companies are “seriously concerned” employees will refuse to move there, according to an April 1 report by International School Consultancy, a Faringdon, U.K.-based research company.
“We have clients that say, ’I’m not going to move unless they get into a school,’” said Anne Murphy, a director at ITS Education Services Ltd. in Hong Kong, which charges as much as HK$39,500 ($5,096) to guide families through the application process. Parents sometimes approach ITS even before their children are born, she said.
The school shortage could put “the reputation and competitiveness of Hong Kong” at risk, according to a 2012 report commissioned by the city’s Education Bureau.