{"id":126946,"date":"2022-06-07T07:30:23","date_gmt":"2022-06-07T00:30:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-real-estate-owners-seek-alternative-uses-for-retail-complexes-and-hotels-amid-tourism-slump\/"},"modified":"2022-06-07T08:29:03","modified_gmt":"2022-06-07T01:29:03","slug":"hong-kong-real-estate-owners-seek-alternative-uses-for-retail-complexes-and-hotels-amid-tourism-slump","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-real-estate-owners-seek-alternative-uses-for-retail-complexes-and-hotels-amid-tourism-slump\/","title":{"rendered":"Hong Kong real estate owners seek alternative uses for retail complexes and hotels amid tourism slump"},"content":{"rendered":"


\nHong Kong\u2019s retail landlords and hotel owners, unable to bear the losses from an enduring tourism slump, apply to the Town Planning Board to convert their properties for alternative purposes such as cafes and housing.
\n
\nSource : South China Morning Post
\nRead more…Hong Kong real estate owners seek alternative uses for retail complexes and hotels amid tourism slump<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s retail landlords and hotel owners, unable to bear the losses from an enduring...<\/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-126946","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-x1w","jetpack-related-posts":[{"id":76186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-hong-kong-hotels-see-greater-value-in-converting-them-into-office-complexes\/","url_meta":{"origin":126946,"position":0},"title":"Owners of Hong Kong hotels see greater value in converting them into office complexes","date":"January 10, 2018","format":false,"excerpt":"\r Hong Kong\u2019s tourism industry may be on the upswing after a three-year downturn as more tourists visit from the mainland, but this has not stopped hotel owners toying with the idea of converting them into office complexes amid strong demand and the prospect of bigger profit. The 317-room Grand\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-hotels-target-staycations-as-the-citys-tourism-industry-endures-its-worst-slump-since-sars\/","url_meta":{"origin":126946,"position":1},"title":"Hong Kong hotels target staycations as the city\u2019s tourism industry endures its worst slump since Sars","date":"January 7, 2020","format":false,"excerpt":"\r Hong Kong\u2019s hotel operators are looking at news ways to beat seven months of downturn, including tapping the staycation market with hard to resist discount package deals.Far East Consortium International, which operates nine hotels comprising 2,867 hotel rooms in Hong Kong, is among those pursuing staycationers.\u201cWe felt the impact\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118526,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-stores-exit-russell-street-hong-kong-once-the-worlds-priciest-retail-strip-amid-tourist-slump-over-covid-19-and-protests\/","url_meta":{"origin":126946,"position":2},"title":"Luxury stores exit Russell Street, Hong Kong, once the world\u2019s priciest retail strip, amid tourist slump over Covid-19 and protests","date":"September 7, 2020","format":false,"excerpt":"\r Russell Street in Causeway Bay, Hong Kong, one of the city\u2019s premier shopping destinations and often in the past the one with the world\u2019s highest commercial real-estate rents, is a shadow of its former self.Watch brand Rolex, lingerie label La Perla, skincare brand Kiehl\u2019s and watchmaker Omega have all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-retailers-capitalise-on-hong-kongs-retail-property-slump-to-expand\/","url_meta":{"origin":126946,"position":3},"title":"Japanese retailers capitalise on Hong Kong\u2019s retail property slump to expand","date":"May 27, 2025","format":false,"excerpt":"\r 3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong\u2019s retail real estate market. 3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-group-plans-expansion-of-d2-place-with-redevelopment-of-industrial-building-into-office-tower-amid-retail-slump\/","url_meta":{"origin":126946,"position":4},"title":"Hong Kong group plans expansion of D2 Place with redevelopment of industrial building into office tower amid retail slump","date":"October 7, 2020","format":false,"excerpt":"\r Lawsgroup is pushing ahead with the redevelopment of industrial buildings into offices and shopping centres even as Hong Kong\u2019s economy and retail sector still reel from the coronavirus outbreak.The building in Lai Chi Kok, West Kowloon, right next to its D2 Place One and Two shopping malls, \ufeffwill be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-loss-making-hotels-seek-complete-rates-exemption-as-coronavirus-crushes-tourism-industry\/","url_meta":{"origin":126946,"position":5},"title":"Hong Kong\u2019s loss-making hotels seek complete rates exemption as coronavirus crushes tourism industry","date":"July 29, 2020","format":false,"excerpt":"\r Hong Kong\u2019s beleaguered hotel owners are pressing the government to waive rates for the next three quarters up to March, pointing out that they are running at a loss because of the coronavirus outbreak that has seen tourist numbers to the city plummet nearly 100 per cent.The Federation of\u2026","rel":"","context":"In "Property 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