Property News · April 9, 2019

CK Asset to extend leases to 18-months for selected rooms at four hotels as rental market softens


CK Asset Holdings, which is headed by retired tycoon Li Ka-shing’s elder son Victor Li Tzar-kuoi, will extend leases for 50 rooms at four of its hotels to 18 months from a year, amid signs that the residential rental market is trending downward.CK Asset said the offer would allow tenants to lock in a fixed fee under a longer lease term.The move comes as Hong Kong’s residential rental index fell to an eight-month low in March. Average rents in March were down 2.8 per cent from a peak in October…

Source : South China Morning Post
Read more…CK Asset to extend leases to 18-months for selected rooms at four hotels as rental market softens

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