Kai Yip Commercial Centre in Kwai Shing East, among the 17 properties that Link Reit sold to a consortium led by private equity fund Gaw Capital Partners in November 2017. Photo: Sam Tsang
Why should low-income Hong Kong residents have to pay for speculators’ business mistakes?
- Link Reit’s reputation for selling poorly performing properties should have warned off potential investors. When these companies try to recoup their investment, low-income residents pay the price
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Link Reit
Kai Yip Commercial Centre in Kwai Shing East, among the 17 properties that Link Reit sold to a consortium led by private equity fund Gaw Capital Partners in November 2017. Photo: Sam Tsang
A market in Lok Fu, Kowloon, managed by the Link Reit. Photo: Sam Tsang
Shopping at Hong Kong wet markets: the Link Reit effect
- Critics say the Link should not be raising rents at markets, but would tenants pass savings from lower rents on to their customers?
- Clever remodelling has reduced the retail space and thus the competition, allowing tenants to increase prices and share the higher income with the Reit
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Link Reit
A market in Lok Fu, Kowloon, managed by the Link Reit. Photo: Sam Tsang