Hong Kong’s serviced apartment operators have been hit hard by the pandemic. Photo: AFP
Hong Kong’s serviced apartment operators have been hit hard by the pandemic. Photo: AFP

Cheap rents beckon Hong Kong residents as serviced apartment operators slash rates, throw in freebies to boost occupancy

  • Hong Kong’s embattled serviced apartment operators are slashing rents and offering sweeteners to boost occupancy rates that have been hit hard by the pandemic
  • Serviced apartment rents fell for seven straight quarters, for a total of 14.5 per cent up to the end of the fourth quarter of 2020, according to Savills

Hong Kong’s serviced apartment operators have been hit hard by the pandemic. Photo: AFP
Hong Kong’s serviced apartment operators have been hit hard by the pandemic. Photo: AFP
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