Paper Talk: Hong Kong Cyberport ‘smart spaces’ draw overwhelming response

Sunday, Ming Pao Daily

Cyberport’s “smart spaces” draw overwhelming response

Cyberport in Pok Fu Lam has received large numbers of applications to rent small offices and co-working facilities, commonly called smart spaces, since Chief Executive Leung Chun-yung proposed in his policy address to increase such spaces at Cyberport by 50 per centin a bid to boost the development of tech start-ups in the city. Terence Leung Tak-ming, a manager of Cyberport Youth Team, said the response had been so overwhelming primarily because of low rents. A desk, for instance, is rented out for only HK$800 a month, while an office goes for just HK$4,000 at most.

Monday, Ming Pao Daily

NGO tenants face rent increase as new landlord takes over

Some of the charities and non-profit organisations at Kwong Tin Shopping Centre in Kwong Tin Estate, Lam Tin, which the Link Management sold to a company called Yau Man Investment last year, are seeking help from the Housing Authority after being required by the new landlord to pay a management fee equivalent to 80 per cent of the monthly rent. They enjoyed a discounted rent under the former landlord. The authority said it would discuss the matter with Yau Man.