Property News · July 27, 2021

Hong Kong’s co-living operators and hotels join forces to give vacant rooms a new lease of life as coronavirus poses existential threat


The Covid-19 pandemic could sound the death knell for the co-living sector, as the concept of communal living, which involves sharing, interacting and building a community, seems to conflict with the prevailing social-distancing measures. It was reported last year that some co-living operators in Hong Kong had to slash their monthly rents by up to 50 per cent to fight for tenants amid the drop in occupancy, reflecting the difficulties faced by the sector during the coronavirus outbreak…

Source : South China Morning Post
Read more…Hong Kong’s co-living operators and hotels join forces to give vacant rooms a new lease of life as coronavirus poses existential threat

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