Light Renovation of Heritage Buildings i Diagram

Strengths

• Light renovation investment is significantly lower than full reconstruction, making investment recovery more controllable
• Stable long-term rental cash flow, resistant to tourism cycle fluctuations

Weaknesses

• Heritage restrictions limit renovation flexibility, leaving limited room for improving space efficiency
• Costs for fire safety and structural compliance renovations remain high

Opportunities

• Continued policy support for urban renewal and the revitalization of existing assets
• Growing demand for corporate expatriate housing and mid-to-long-term accommodation

Threats

• Long heritage approval cycles with uncertain outcomes
• Competition and market share diversion from newly built serviced apartments in the same area