https://www.scmp.com/rss/507206/feed Lucia Leung is associate director of research & consultancy for Greater China at Knight Frank en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The Covid-19 pandemic could sound the death knell for the co-living sector, as the concept of communal living, which involves sharing, interacting and building a community, seems to conflict with the prevailing social-distancing measures. It was reported last year that some co-living operators in Hong Kong had to slash their monthly rents by up to 50 per cent to fight for tenants amid the drop in occupancy, reflecting the difficulties faced by the sector during the coronavirus outbreak. Although... https://www.scmp.com/business/article/3142594/hong-kongs-co-living-operators-and-hotels-join-forces-give-vacant-rooms?utm_source=rss_feed https://www.scmp.com/business/article/3142594/hong-kongs-co-living-operators-and-hotels-join-forces-give-vacant-rooms?utm_source=rss_feed Tue, 27 Jul 2021 04:00:27 +0000 In the past year, Hong Kong’s retail sector recorded the worst performance in a decade, as months of social unrest, followed by the Covid-19 pandemic drove tourists away, hit consumer spending and threatened the survival of many retail businesses. These crises have not only greatly disrupted Hong Kong’s retail sector, but they have also driven significant changes to the local consumer and retail market landscape. The most visible yet dismal retail scene in the past year was probably the... https://www.scmp.com/business/article/3120067/hong-kong-landlords-adjust-rent-expectations-pandemic-reshapes-retail?utm_source=rss_feed https://www.scmp.com/business/article/3120067/hong-kong-landlords-adjust-rent-expectations-pandemic-reshapes-retail?utm_source=rss_feed Tue, 02 Feb 2021 04:05:12 +0000 Co-working spaces have proliferated in Hong Kong over the past decade. Major operators, such as WeWork, KR Space and IWG, have actively expanded in the city, with many taking up large floor spaces in core districts. These co-working space operators have taken up the opportunity to serve the growing market of start-ups, freelancers and small businesses, who appreciate more flexible commercial terms and require a smaller footprint. However, the industry has been facing a down cycle in recent... https://www.scmp.com/business/article/3101562/hong-kong-landlords-turning-co-working-space-operators-trend-watch-post?utm_source=rss_feed https://www.scmp.com/business/article/3101562/hong-kong-landlords-turning-co-working-space-operators-trend-watch-post?utm_source=rss_feed Tue, 15 Sep 2020 04:00:38 +0000