{"id":72499,"date":"2017-11-22T08:00:36","date_gmt":"2017-11-22T01:00:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-budget-hotel-operators-show-interest-in-moving-into-co-living-space\/"},"modified":"2017-11-22T09:06:20","modified_gmt":"2017-11-22T02:06:20","slug":"hong-kong-budget-hotel-operators-show-interest-in-moving-into-co-living-space","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-budget-hotel-operators-show-interest-in-moving-into-co-living-space\/","title":{"rendered":"Hong Kong budget hotel operators show interest in moving into co-living space"},"content":{"rendered":"


\nHong Kong budget hotels in non-core areas are keen to join other investors to convert their underperforming properties into co-living spaces, as it provides a cheaper alternative for millennials priced out of the world\u2019s most expensive housing market.
\nAnd the situation is only likely to get worse, with property prices in the city expected to increase by at least 15 per cent in the next two and a half years, according to property consultants JLL. Rents too have surged for 18 straight…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong budget hotel operators show interest in moving into co-living space<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong budget hotels in non-core areas are keen to join other investors to convert...<\/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-72499","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-iRl","jetpack-related-posts":[{"id":118226,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-co-working-operator-thedesk-kerry-hotel-start-profit-sharing-venture-to-beat-pandemic-driven-slowdown\/","url_meta":{"origin":72499,"position":0},"title":"Hong Kong co-working operator theDesk, Kerry Hotel start profit-sharing venture to beat pandemic-driven slowdown","date":"August 14, 2020","format":false,"excerpt":"\r The coronavirus pandemic is forcing hotels and co-working space operators to collaborate in a whole new way, one that involves profit sharing instead of the traditional tenant-landlord relationship.Hong Kong-based co-working company theDesk is now occupying 6,600 sq ft in the Hong Kong hotel group Shangri-La\u2019s Kerry Hotel in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122821,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investors-turn-hong-kong-hotel-assets-into-co-living-space-on-higher-occupancy-profit-appeal\/","url_meta":{"origin":72499,"position":1},"title":"Investors turn Hong Kong hotel assets into co-living space on higher occupancy, profit appeal","date":"October 26, 2021","format":false,"excerpt":"\r Co-living projects are delivering higher occupancy and profits for property owners, underpinning efforts to acquire and convert hotels as the hospitality industry continues to suffer from tough Covid-19 measures, according to consultants.The city could see about US$300 million worth of real estate transactions involving hotels this year, JLL estimated,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106125,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-co-working-space-too-crowded-some-operators-may-pull-back-in-2019-savills-says\/","url_meta":{"origin":72499,"position":2},"title":"Hong Kong co-working space too crowded, some operators may pull back in 2019, Savills says","date":"April 16, 2019","format":false,"excerpt":"\r Hong Kong has too many co-working spaces following rapid expansion in the sector, and some operators will withdraw from what has become a highly competitive market, industry analysts say.\u201cThere were too many operators coming to the city, all of a sudden,\u201d said Ricky Lau, deputy managing director and head\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-east-consortiums-david-chiu-says-hong-kong-is-asias-best-investment-destination\/","url_meta":{"origin":72499,"position":3},"title":"Far East Consortium\u2019s David Chiu says Hong Kong is Asia\u2019s \u2018best investment destination\u2019","date":"September 27, 2016","format":false,"excerpt":"\r The second son of Hong Kong entertainment tycoon Deacon Chiu Te-ken, David Chiu Tat-cheong took a very different career path to his father, moving to Malaysia in the 1980s and founding Malaysia Land Holdings. He built the business into one of the country\u2019s largest real estate developers, before returning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-turning-into-co-working-space-operators-a-trend-to-watch-in-post-coronavirus-era\/","url_meta":{"origin":72499,"position":4},"title":"Hong Kong landlords turning into co-working space operators a trend to watch in post-coronavirus era","date":"September 15, 2020","format":false,"excerpt":"\r Co-working spaces have proliferated in Hong Kong over the past decade. Major operators, such as WeWork, KR Space and IWG, have actively expanded in the city, with many taking up large floor spaces in core districts.\r\rThese co-working space operators have taken up the opportunity to serve the growing market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hotels-in-hong-kong-convert-to-co-living-spaces-as-they-look-to-improve-rental-yield\/","url_meta":{"origin":72499,"position":5},"title":"More hotels in Hong Kong convert to co-living spaces as they look to improve rental yield","date":"March 6, 2018","format":false,"excerpt":"\r An increasing number of hotels in Hong Kong\u2019s non-core tourist areas are toying with the idea of converting their properties to co-living spaces as they face challenges from the changing travel pattern of young professionals and a drop in mainland tourists, say industry experts. \u201cHotels converting to co-living use\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\/72499"}],"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=72499"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=72499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=72499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=72499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}