{"id":81978,"date":"2018-03-06T06:45:16","date_gmt":"2018-03-05T23:45:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hotels-in-hong-kong-convert-to-co-living-spaces-as-they-look-to-improve-rental-yield\/"},"modified":"2018-03-06T07:02:59","modified_gmt":"2018-03-06T00:02:59","slug":"more-hotels-in-hong-kong-convert-to-co-living-spaces-as-they-look-to-improve-rental-yield","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-hotels-in-hong-kong-convert-to-co-living-spaces-as-they-look-to-improve-rental-yield\/","title":{"rendered":"More hotels in Hong Kong convert to co-living spaces as they look to improve rental yield"},"content":{"rendered":"


\nAn 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.
\n\u201cHotels converting to co-living use can become a trend,\u201d said Alvin Leung, associate director of valuation advisory services at JLL.
\nHong Kong budget hotels move into co-living space, as cheaper…
\n
\nSource : South China Morning Post
\nRead more…More hotels in Hong Kong convert to co-living spaces as they look to improve rental yield<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An increasing number of hotels in Hong Kong\u2019s non-core tourist areas are toying with the...<\/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-81978","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-lke","jetpack-related-posts":[{"id":72499,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-budget-hotel-operators-show-interest-in-moving-into-co-living-space\/","url_meta":{"origin":81978,"position":0},"title":"Hong Kong budget hotel operators show interest in moving into co-living space","date":"November 22, 2017","format":false,"excerpt":"\r Hong 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. And the situation is only likely to get worse, with property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotels-outside-hong-kongs-flashy-areas-should-avoid-the-rush-to-convert-to-offices-colliers-says\/","url_meta":{"origin":81978,"position":1},"title":"Hotels outside Hong Kong\u2019s flashy areas should avoid the rush to convert to offices, Colliers says","date":"September 5, 2018","format":false,"excerpt":"\r Tempted by soaring rents, some of Hong Kong\u2019s hotel owners in upscale areas are converting their properties into office space. But one analyst is warning against a greed stampede. Eight hotels are now being refurbished, redeveloped or on the drawing board for the shift, representing more than 2,000 hotel\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":81978,"position":2},"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":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":81978,"position":3},"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":126946,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-real-estate-owners-seek-alternative-uses-for-retail-complexes-and-hotels-amid-tourism-slump\/","url_meta":{"origin":81978,"position":4},"title":"Hong Kong real estate owners seek alternative uses for retail complexes and hotels amid tourism slump","date":"June 7, 2022","format":false,"excerpt":"\r Hong 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.\r \r Source : South China Morning Post\r Read more...Hong Kong real estate owners seek\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-living-gains-traction-in-asia\/","url_meta":{"origin":81978,"position":5},"title":"Co-living gains traction in Asia","date":"January 19, 2018","format":false,"excerpt":"\r Hmlet\u2019s co-living space in Joo Chiat, Singapore. (Photo: Hmlet) Co-living is gaining popularity among millennials in Asia, especially in markets such as Hong Kong and greater China, where housing cost remains high, revealed a JLL report. This comes as co-living offers an affordable alternative to sharing a rental unit,\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\/81978"}],"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=81978"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/81978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=81978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=81978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=81978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}