HK’s exclusive clubs rocked by economic slowdown and expat exodus



ORIGINAL POST
Posted by Ed 22 days ago
https://hongkong.asiaxpat.com/Utility/GetImage.ashx?ImageID=566b7fa2-d5a4-4f2b-b0f3-4075d794abea&refreshStamp=0 
The price of membership at Hong Kong’s most exclusive private clubs has fallen as much as 20 per cent on the secondary market over the past year, brokers said, as the city’s economy slows and well-heeled expatriates and residents leave the Chinese territory.
 
The Asian financial hub’s private membership clubs have been an integral part of its business community since the British colonial era, with some institutions enjoying significantly cheaper rents under agreements dating back decades.  https://archive.md/mA8R8#selection-2215.0-2219.233
 
 

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