JackTheBat
|
29-7-2018 16:49 |
King Hing Bldg
We're talking about an aging building in a prime location in Mongkok that used to have local gals (plus Indonesians Candy and the infamous Gigi), and in recent years has had Eastern European talent. Obviously these women didn't just happen to get on a plane to HK and go rent a room in KHB to dispense CBJs/sex at HK$600/pop. There are many different people with different affiliations doing business in Mongkok.
KHB was publicly raided in January, now again in July. The HKP are making a statement: the value of them allowing the biz to continue is no longer sufficient. More than that I can't guess: I don't know how these arrangements work, but I assume there's a negotiated value equation between different parties.
I like the semi-decrepit buildings in Hong Kong that house reasonably priced technicians and have spent plenty of time in such places entertaining and being entertained. Many buildings have a mix of residents (or even guesthouses, like JSL) and WGs. Hing Loong Building is basically all WGs. I posit that it's good value for the Powers-That-Be simply because it's operating. When the value equation changes for whatever reason, it'll likely be raided and closed down.
Several factors go into such decisions, and the nuances are never made public. But I think that if an aging building on Argyle Street has been raided twice in one year, its days are numbered...and that number might well be zero.
JtB | |
| obe |
29-7-2018 18:53 |
Acceptance +10 |
|
| hkmann |
29-7-2018 22:37 |
Acceptance +4 |
makes sense |
| blast77 |
30-7-2018 14:42 |
Acceptance +8 |
Thanks |
All times are GMT+8, the time now is 26-11-2024 11:04
Disclaimer: This forum is operated as a real-time bulletin board system. 141CLUB.COM carries no legal liability on its contents. All messages are solely composed and up-loaded by readers and their opinions do not represent our stand. Readers are reminded that the contents on this forum may not convey reliable information thus it is readers' own responsibility to judge the validity, completeness and truthfulness of the messages. For messages related to medical, legal or investment issues, readers should always seek advice from professionals. Due to the limitation of the forum's real-time up-loading nature, 141CLUB.com is not able to monitor all the messages posted. Should readers find any problems regarding the messages, do contact us. 141CLUB.COM reserves the rights to delete or preserve any messages and reject anyone from joining this forum. 141CLUB.COM reserves all the legal rights.
