Property News · January 23, 2019

Owners of underperforming hotels see redevelopment as a quick fix to city’s housing woes after CK Assets’ proposal


An increasing number of hotel owners in Hong Kong’s non-core areas are considering rebuilding their property into residential use while viewing it as a quick fix for the city’s perennial housing shortfall, following CK Asset Holdings’ proposal to redevelop its 1,100 room hotel into a housing project.
“Why on earth do we have so many rooms in industrial and outlying areas that get so few tourists while so many Hongkongers are still waiting for a chance to buy their own…

Source : South China Morning Post
Read more…Owners of underperforming hotels see redevelopment as a quick fix to city’s housing woes after CK Assets’ proposal

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