Property News · November 22, 2017

Hong Kong budget hotel operators show interest in moving into co-living space


Hong Kong budget hotels in non-core areas are keen to join other investors to convert their underperforming properties into co-living spaces, as it provides a cheaper alternative for millennials priced out of the world’s most expensive housing market.
And the situation is only likely to get worse, with property prices in the city expected to increase by at least 15 per cent in the next two and a half years, according to property consultants JLL. Rents too have surged for 18 straight…

Source : South China Morning Post
Read more…Hong Kong budget hotel operators show interest in moving into co-living space

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