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Lucia Leung
Lucia Leung
Lucia Leung is associate director of research & consultancy for Greater China at Knight Frank

Facing possible ruin amid a new norm of social distancing, some of Hong Kong’s co-living operators have been turning underused hotel rooms into shared units with longer leases.

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With more luxury brands exiting and more mid-priced brands moving in, Hong Kong’s prime retail streets have undergone the most significant reshuffling of tenant mix in recent history.

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Some opportunistic landlords have capitalised on a down cycle in the co-working space sector, and have responded proactively to exits by major operators such as WeWork by operating the spaces themselves.

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