Infamously cramped and expensive Hong Kong has put coliving on investors’ radars, including acquiring assets built for a different reason, such as hotels or offices.

In Hong Kong, some co-living operators are recording up to a 80% occupancy for well-established projects, making them popular with investors given the relatively strong returns compared to other asset classes.

Residential buildings such as old walk-ups or tenement houses and serviced apartment blocks are preferred for their comparative ease of conversion. Investors and landlords are now also considering smaller, underperforming boutique hotels and guesthouses, and more hotels are also being converted to coliving.

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