Property News · December 24, 2020

New property agency looks beyond Hong Kong gloom to promise of Greater Bay Area opportunities


Amid the fourth wave of coronavirus cases in Hong Kong, a new property agency opened its doors on Wednesday riding on optimism about the Greater Bay Area development zone. Hong Kong’s property market has taken a beating from the pandemic, but Kenneth Kwok, the co-founder of Xifeng Property Group, has instead cashed in on lower retail rents and manpower costs to set up his 200 sq ft office in Mong Kok. He pays a monthly rent of about HK$15,000 (US$1,934), half of what it would have been during…

Source : South China Morning Post
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