{"id":4233,"date":"2019-10-11T18:17:09","date_gmt":"2019-10-11T11:17:09","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4233"},"modified":"2024-09-18T13:17:15","modified_gmt":"2024-09-18T06:17:15","slug":"shared-living-a-logical-trend-in-asia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/shared-living-a-logical-trend-in-asia\/","title":{"rendered":"Shared living: A \u2018logical\u2019 trend in Asia"},"content":{"rendered":"<p>Community, convenience, and cheap rent compel more tenants to consider co-living arrangements<\/p>\n<figure id=\"attachment_4234\" aria-describedby=\"caption-attachment-4234\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-4234 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/10\/shutterstock_1191762760.jpg\" alt=\"Hong Kong\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/10\/shutterstock_1191762760.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/10\/shutterstock_1191762760-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/10\/shutterstock_1191762760-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4234\" class=\"wp-caption-text\">Yick Fat Building, Hong Kong. ZenPrarom\/Shutterstock<\/figcaption><\/figure>\n<p>Shared living arrangements have grown in popularity in Asia, primarily encouraged by the under-supplied housing market in Shanghai, as well as the expensive housing fees in Hong Kong, reports media company OZY.<\/p>\n<p>Co-living is likened to having roommates, but residences comprise of multi-storey complexes with hundreds of units. Tenants will have access to furnished, private rooms with shared living facilities and kitchens that would typically be unaffordable or in short supply.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/asian-cities-are-coming-for-the-title-of-worlds-most-resilient\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Asian cities are coming for the title of world\u2019s most resilient<\/strong><\/a><\/p>\n<p>For property owners, real estate services firm Jones Lang LaSalle (JLL) published a 2019 report that indicated massive financial benefits. Investing in co-living spaces will give landlords the option to hire large co-living operators who purchase wholesale furniture and offer cost-effective cleaning fees, substantially cutting off 25 percent from their total expenses.<\/p>\n<p>\u201cHong Kong attracts young professionals and students from all around the world and for many of them, the plug-and-play convenience of co-living is very appealing,\u201d said CEO of Weave Co-Living Sachin Doshi. By 2023, Weave is planning to offer 10,000 rental units.<\/p>\n<p>Shanghai-based Harbour Apartments acquired USD1.58 billion investment in 2017. The developers aim to provide 80,000 co-living spaces all throughout Asia by the end of 2019 and a million units after 5 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Community, convenience, and cheap rent compel more tenants to consider co-living arrangements<\/p>\n","protected":false},"author":9,"featured_media":20312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[215,555,554],"class_list":["post-4233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asia","tag-co-living","tag-shared-living","news_country-asia","news_country-china","news_country-hongkong","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shared living: A \u2018logical\u2019 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