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Hong Kong’s mid-sized developers seek to create markets in unlikely niches to survive city’s worst economic slump on record

Hong Kong’s real estate developers, particularly mid-sized companies that rely on a narrow segment for their sales, are diversifying their product offerings to find potential revenue in new market niches to help them survive the city’s worst recession on record. Some of them are developing data centres, while others are expanding into industrial facilities and self-storage warehouses, said Maggie Hu, an associate professor of finance and real estate at the Chinese University of Hong Kong. Mid…

Read the original article at South China Morning Post

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