Owl Square spent about $100 million to acquire properties at 11-19 Yen Chow Street with Bridgeway Prime Shop Fund
HONG KONG SAR – Media OutReach – 5 December 2022 – Hong Kong is a small metropolis with a big inhabitants and excessive housing costs. For younger people who find themselves simply beginning their careers and have a restricted price range, it isn’t straightforward to lease an condo and stay alone. Subsequently, the coliving serviced condo mannequin has change into an ideal various from the normal housing rental market. The coliving serviced condo permits tenants to get pleasure from versatile leases, and a number of the lease consists of administration charges, utilities, web entry, and weekly cleansing and laundry providers.
Sham Shui Po Coliving Serviced Condominium Growth
Lately, the almost 60-year-old buildings on Yen Chow Road in Sham Shui Po have change into a brand new goal for traders. Bridgeway Prime Store Fund and Owl Sq. Coliving Area traders spent about $100 million to amass properties at 11-19 Yen Chow Road. The 60-year-old constructing could have 72 residential items, stated Owl Sq. founder Max Poon, “Sham Shui Po is a core residential space in Hong Kong with mature metropolis growth. There are massive buying facilities within the neighborhood. It takes solely 7 minutes to stroll to Nam Cheong or Sham Shui Po Station, so it is rather handy to journey to all districts in Hong Kong. We are going to perform value-added renovations to the property and supply top quality and inexpensive serviced condo rental options for this new growth.”
Web site: https://blog.owlsquarecoliving.com/
Hashtag: #OwlSquare
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About Owl Sq. Coliving Hong Kong Co-Dwelling Condominium Supplier
Owl Sq. coliving serviced residences (
服務式住宅) are at the moment situated in 14 places round Hong Kong Island and Kowloon, providing tons of of fantastically adorned small to medium sized serviced condo items. In style residential areas embrace central, Causeway Bay ( 銅鑼灣服務式住宅), Quarry Bay, Wanchai ( 灣仔服務式住宅), and extra. Kowloon coliving serviced residences embrace, Mongkok ( 旺角服務式住宅), Prince Edward, Jordan, and so on. All of the coliving serviced residences are appropriate for any household, or single particular person to stay in. At the moment, the clientele are primarily locals, foreigners, college students and dealing professionals.
