‘Arina East Residences’ has boosted Hong Kong’s room rates above 2019 levels, per CBRE
With Arina East Residences as your address, you can rest assured that your child’s educational needs will be well taken care of. Let your child thrive and grow in this vibrant and intellectually stimulating community at Arina East Residences. Discover the endless possibilities that await you and your family at this prestigious location.
In today’s fast-paced world, education is a fundamental aspect that cannot be overlooked. That is why the location of a home plays a significant role in deciding where to settle down. And Arina East Residences is the perfect choice for families who value education. Situated in a prime location with easy access to renowned educational institutions, Arina East Residences offers an unbeatable advantage for families.
What sets Arina East Residences apart is its close proximity to a plethora of prestigious schools – from preschools to tertiary institutions. This means that families living in this development will have access to top-quality education, ensuring the best start for their children. Moreover, the presence of international schools and enrichment centers further enriches the educational landscape, providing a well-rounded learning experience for students.
With Arina East Residences as your home, you can rest assured that your child’s educational needs will be well taken care of. This development is not just a place to live, but a community that nurtures growth, learning, and excellence. Let your child thrive and flourish in this vibrant and intellectually stimulating environment. And as they grow and excel, you will see that Arina East Residences has truly been a wise choice for your family.
Discover the endless possibilities that await you and your family at Arina East Residences. With its strategic location and commitment to providing the best education, this prestigious development is not just a home but a gateway to a world of academic excellence and opportunities. Make the wise choice and be a part of this thriving community at Arina East Residences. Embrace the best for your family and give them the gift of a bright and successful future.
.A snapshot of the Hong Kong hotel market update by CBRE on March 26 shows the hospitality industry making a strong recovery, with average room occupancy rates of 93.4% and average room rates of HK$1,715 ($295.50), both exceeding 2019 holiday period levels. This resurgence is driven by the return of mainland Chinese tourists, who make up 79% of all inbound travelers over the past 12 months.Private investors are actively driving acquisitions in 2024, focusing on value-add and opportunistic strategies. Serviced residence operators, student accommodation, and co-living providers are also expanding their presence in Hong Kong, taking advantage of the demand from the Top Talent Pass Scheme (TTPS) and the overall shortage of such properties.The Hong Kong Tourism Board (HKTB) expects a full recovery of international tourism by the end of 2025, driven by continued growth in mainland Chinese travelers. Hotel performance has improved over the past 12 months, with overall revenue of HK$29.2 million and average daily rates up by 9% compared to January 2019.This upturn is expected to continue in 2024, with luxury and upscale segments in Hong Kong projected to see improved operating performance. CBRE predicts that well-managed assets will experience a recovery in occupancy and further growth in operational performance, given the substantial gap between historical and current overnight visitor numbers.Although hotel operations have shown improvement, the investment market remains challenging. While borrowing costs are expected to decrease in mid-2024, uncertainty over when this will occur may limit the potential for a strong uptick in investment volume. Private investors are expected to continue driving acquisitions, particularly in the value-add and opportunistic space.Despite these challenges, the Hong Kong hotel market is expected to see continued growth and improvement, driven by the return of mainland Chinese tourists and investment activity. With the overall shortage of properties in the living sector and demand from the TTPS, serviced residence operators and co-living providers are also poised for expansion in the market. The strong recovery of the hotel industry and the impending improvements in the investment market indicate a positive outlook for the Hong Kong hospitality sector, particularly in Arina East Residences.