SCMP – 06TH JUNE 2022 – PAGE A5
The news today in SCMP referred . The HKSTP has confirmed failed to take reasonable step for controlling the lessee from sub-letting to 2nd or third tier of leasee. For us, it was not surprised , when we firstly highlighted the issue of mini-storage , shared office , co-working space which are all featured with 3rd tier of leasee in the lease structure, we have made notice to the issue about subletting down drifting the lease structure. Honestly, this kind of issue won’t be materialistic in private property like many in urban area, but it becomes profoundly sharp in the organisation such as HKSTP or probably other similar organisation which are duty-bound to some mission pushed forward by Government. To exemplify, we foresee the place such as West Kowloon Cultural area, Cyber port , Productive council ,…. may be in the rader.
More to discuss later