{"id":121296,"date":"2021-08-06T17:50:30","date_gmt":"2021-08-06T10:50:30","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-to-convert-some-hotels-into-residential-units-to-make-most-of-decline-in-hospitality-sector-rise-in-home-prices\/"},"modified":"2021-08-06T19:05:05","modified_gmt":"2021-08-06T12:05:05","slug":"ck-asset-to-convert-some-hotels-into-residential-units-to-make-most-of-decline-in-hospitality-sector-rise-in-home-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-to-convert-some-hotels-into-residential-units-to-make-most-of-decline-in-hospitality-sector-rise-in-home-prices\/","title":{"rendered":"CK Asset to convert some hotels into residential units to make most of decline in hospitality sector, rise in home prices"},"content":{"rendered":"


\nCK Asset Holdings will convert some of its hotels for residential use amid a decline in the hospitality sector thanks to the Covid-19 pandemic and a record rise in the city\u2019s home prices. Victor Li Tzar-kuoi, the company\u2019s chairman and managing director, stated publicly for the first time on Thursday that a specific percentage of CK Asset\u2019s hotels portfolio will be converted for housing in the world\u2019s most unaffordable housing market. \u201cWe have a huge hotels portfolio. [For] 10, 15 per cent of\u2026
\n
\nSource : South China Morning Post
\nRead more…CK Asset to convert some hotels into residential units to make most of decline in hospitality sector, rise in home prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CK Asset Holdings will convert some of its hotels for residential use amid a decline...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121296","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vyo","jetpack-related-posts":[{"id":105893,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-to-extend-leases-to-18-months-for-selected-rooms-at-four-hotels-as-rental-market-softens\/","url_meta":{"origin":121296,"position":0},"title":"CK Asset to extend leases to 18-months for selected rooms at four hotels as rental market softens","date":"April 9, 2019","format":false,"excerpt":"\r CK Asset Holdings, which is headed by retired tycoon Li Ka-shing\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-underperforming-hotels-see-redevelopment-as-a-quick-fix-to-citys-housing-woes-after-ck-assets-proposal\/","url_meta":{"origin":121296,"position":1},"title":"Owners of underperforming hotels see redevelopment as a quick fix to city\u2019s housing woes after CK Assets\u2019 proposal","date":"January 23, 2019","format":false,"excerpt":"\r An increasing number of hotel owners in Hong Kong\u2019s non-core areas are considering rebuilding their property into residential use while viewing it as a quick fix for the city\u2019s perennial housing shortfall, following CK Asset Holdings\u2019 proposal to redevelop its 1,100 room hotel into a housing project. \u201cWhy on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-plans-to-convert-new-territories-hotel-into-hong-kongs-biggest-housing-estate-of-the-last-decade\/","url_meta":{"origin":121296,"position":2},"title":"CK Asset plans to convert New Territories hotel into Hong Kong\u2019s biggest housing estate of the last decade","date":"January 9, 2019","format":false,"excerpt":"\r A hotel in the New Territories will be converted into what may be the biggest private housing estate to be built in Hong Kong in the last decade, under plans submitted by CK Asset Holdings, the flagship company of retired tycoon Li Ka-shing. The conglomerate has submitted an application\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102842,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-assets-planned-hotel-to-housing-project-in-hong-kong-aims-to-house-7500-people\/","url_meta":{"origin":121296,"position":3},"title":"CK Asset\u2019s planned hotel-to-housing project in Hong Kong aims to house 7,500 people","date":"January 10, 2019","format":false,"excerpt":"\r The hotel that CK Asset Holdings will convert into a dense housing estate would provide homes to 7,500 people in the New Territories by as early as 2022, according to consultants hired by the company. The redevelopment of the 1,100 -room Harbour Plaza Resort City hotel in Tin Shui\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brace-for-a-20-per-cent-decline-in-hong-kong-home-prices-says-senior-director-of-ck-asset\/","url_meta":{"origin":121296,"position":4},"title":"Brace for a 20 per cent decline in Hong Kong home prices, says senior director of CK Asset","date":"February 13, 2019","format":false,"excerpt":"\r Hong Kong home prices could be headed for a multi-year downtrend that knock valuations by up to 20 per cent, prompting major developers to slash prices for new homes along with the sliding market, according to a senior executive at CK Asset Holdings, the second largest developer in Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/victor-lis-ck-asset-wants-to-help-ease-hong-kongs-housing-crisis-by-squeezing-more-flats-into-its-projects\/","url_meta":{"origin":121296,"position":5},"title":"Victor Li\u2019s CK Asset wants to help ease Hong Kong\u2019s housing crisis by squeezing more flats into its projects","date":"October 26, 2018","format":false,"excerpt":"\r CK Asset Holdings, the flagship developer of tycoon Li Ka-shing, believes it can help solve the housing crisis which has pushed Hong Kong\u2019s property prices into the record books. The city\u2019s second largest developer by market capitalisation says allowing it to build more apartments at its residential projects in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121296"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121296"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}