Like Tree15Likes

Startup in Hong Kong facing rent heat

Closed Thread
Page 2 of 2 FirstFirst 1 2
  1. #11

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,965

    @mrgoodkat - too much risk in renting to a startup.


  2. #12

    Rents are high, but so is revenue. Not many locations in the world where 50,000 millionaires may pass by your door.


  3. #13

    Join Date
    Feb 2009
    Posts
    8,280

    The problem is nothing to do with startups. I work for an 85 year old company and next month we are moving from Canton Road to bloody Lai Chi Kok


  4. #14

    Join Date
    Oct 2005
    Posts
    14,414
    Quote Originally Posted by bdw:
    The problem is nothing to do with startups. I work for an 85 year old company and next month we are moving from Canton Road to bloody Lai Chi Kok
    Lol Lai Chi Kok is better than it used to be.
    If you’re near D2 Place then there’s plenty of options for lunch etc.

    And it’s far less busier than Canton Road, At least you won’t have to battle with the mainlanders and there luggage

  5. #15

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    3,988
    Quote Originally Posted by shri:
    Depends on what the startup is doing. IT / Cloud based startups can start and be run virtually as JAHerbert pointed out.

    If your startup needs warehousing, retail space... well, you're screwed. Better have someone with a lot of funds and probably property in their back pocket to invest in your business from day zero.
    it wouldn't call a new restaurant or coffee shop business a start-up, even a small venture needs lots of cash (millions) for commercial rent, paying deposits, fitting out, and equipping the restaurant, stock (booze), opening party, employ and train staff, etc. etc. all up front, for 2500 sqft restaurant, from bare shell takes 3-4 months paying rent, before you can take the first dollar.
    Last edited by JAherbert; 11-04-2019 at 03:26 PM.

  6. #16

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    3,988
    Original Post Deleted
    sounds like another 18 failures in the pipeline then lol

  7. #17

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    3,988
    Quote Originally Posted by PKS_2000:
    many times people would like to see good office place to even start initial discussion.
    i don't agree a startup is a startup. All businesses have growing pains, at the start they have no idea how much space they really need, or six months later, so it's pointless to commit 3 year lease with office space for 20 people if your sales can only support 5 people. If you need a meeting place for initial discussion go to a decent hotel.

    Having an address on HK island does not help, a quick internet search could reveal that 40 or 50 other companies also have the same address.