Property management · Hong Kong · For landlords

Hand your building to an operator,not an agency.

Tane Residence has run its own serviced apartments in Hong Kong since 2013, across six districts. We take on privately owned buildings and units, fit them out, fill them and run them, and the owner receives the return without running anything.

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13+Years operating

6Hong Kong districts

1Point of contact

The landlord’s position

A standard lease quietly costs you more than it looks like it does

On paper a straightforward tenancy is the simple option. In practice the owner absorbs every gap between tenants, every agency commission, every repair call and every argument, and the building slowly gets worse rather than better.

Handing the property to an operator changes who carries that work. It also changes what the property is allowed to earn.

Why owners come to us

01Agency fees on every lettingA commission each time a unit turns over, and the turnover is not in your control.

02Empty monthsA unit that sits unlet earns nothing while the outgoings continue.

03Tenant managementSelf managing means dealing with the tenant yourself, at whatever hour the problem happens.

04Maintenance you have to chaseFinding reliable contractors, pricing the work and supervising it, repeatedly.

05Space that is not being used wellAn older building often earns far less than its floor area could support.

What we do

From assessment to a running building

We work from a written proposal, not a handshake. You see the intended layout, the cost of the work and the rent we expect the property to earn before anything begins.

Step 01Assessment and proposalWe look at the property and come back with a proposal: diagrams of the proposed layout, a breakdown of what the renovation would cost, and our projection of monthly rent.

Step 02Fit outOnce you approve, the work runs through contractors we use regularly. Units are furnished and equipped to the same standard as the rest of our portfolio.

Step 03LettingWe market the units through our own channels and screen the tenants ourselves, so there is no agent between the building and the person living in it.

Step 04Day to day operationTenants, rent collection, weekly cleaning and linen, and maintenance all sit with our team. You deal with us, not with tenants.

What changes commercially

Increase the rental yield for your properties by 30%?

The same building, let a different way. Below is what moves when a property runs as a Tane Residence serviced apartment rather than on a standard self managed tenancy.

Tane Residence serviced apartment

Operated for you

Higher rental ratesBetter use of the floor area and a proper fit out support a higher rent than the unit could otherwise ask.
No agency fees to payWe handle all letting ourselves, so the commissions you would otherwise pay agents do not arise.
Tenants are screened and looked afterOur team screens applicants and handles them once they move in, so the tenant relationship is not yours.
Maintenance is in houseCleaning and repairs run on our schedule with contractors we already work with, and the building stays in condition.

Standard rental, self managed

Operated by you

Rent capped by the formatLimited access to the higher quality tenants who are willing to pay more.
Leasing fees on every turnoverHigher tenant turnover means higher leasing fees.
You deal with the tenantSelf managing a property means having to deal directly with tenants.
You find the contractorsSelf managing a property means constant hassle finding reliable repairmen.

Case study · Kowloon

A five storey walk-up, rebuilt and put back to work

A landlord owned a five storey walk-up in a convenient part of Kowloon, minutes from the MTR. The previous tenant had misused it and left it in poor condition, and had never been able to keep it filled. The owner knew the building was worth more than it was earning but not what to do about it.

A finished studio in the converted Kowloon walk-up

The proposal

Costed before it started

We produced a full proposal: diagrams of the future layout, a breakdown of what the renovation would cost, and our projection of what the building could earn in rent each month. The landlord approved it and we began.

The work

Stripped back to the structure

The building needed everything. We tore out the interiors and replaced all the electrical wiring and piping, then rebuilt, furnished and equipped each apartment. We worked with PCCW to bring fibre optic internet into the building, and repaired cracks and leaks in the external walls.

The result

Filled, and run by us

On completion we took over every aspect of managing the property on the landlord’s behalf, including finding the tenants. The building has been run by our team since.

We were able to more than double the rent the landlord was able to receive on a monthly basis.

Kowloon walk-up conversion

Fitted kitchenette in the converted walk-up

Studio in the converted Kowloon walk-up, with the street below

Why it works

You are handing the building to someone who already runs buildings

Tane Residence is not an agency that places a tenant and moves on. We have operated our own serviced apartments across Central, Sheung Wan, Causeway Bay, Wan Chai, Mong Kok and Prince Edward since 2013. Your property joins a portfolio that already has demand coming into it.

Our own cleaning teamHousekeeping is staffed in house rather than subcontracted, so standards are ours to hold.

Scale across the portfolioRunning many units in one city keeps costs down and keeps the operation efficient.

Tenant screeningWe screen for the tenants who are the right fit for the property, rather than the first applicant.

Demand already in the buildingWe reach the kind of tenants who look for this type of apartment, because we already house them.

Contractor relationshipsExperienced, reliable contractors we use repeatedly, at below market prices.

Next step

Send us the address

Tell us where the property is, roughly how big it is and what it earns today. We will tell you whether it suits a serviced apartment conversion, and if it does we will come back with a written proposal covering layout, renovation cost and projected rent.

WhatsApp us Email us

WhatsApp: +852 6289 3882
Office: +852 3008 8387
Landlord enquiries: [email protected]
Office address: 16/F Unit A, Man On Commercial Building
12 Jubilee Street, Central, Hong Kong