Owners of Hong Kong villas and luxury homes turn to daily leases to find tenants to occupy their investments as buyers stay away 

Investors of Hong Kong's luxury villas and bungalows, struggling to keep prices aloft amid the city's unprecedented civil strife and the US-China trade war, are resorting to innovative ways to find tenants and keep their property occupied.
Some owners are putting their landed property out for rent on a daily basis on Airbnb, while others are hiring agents to find medium-term tenants, while fewer buyers are looking at investing in multimillion dollar homes.
A four-bedroom home measuring about 2,000 square feet (186 square metres), with a 3,000 sq ft garden, at the Valais community in Sheung Shui was recently listed for lease at a daily rate of HK$11,800 (US$1,505).
At the rate, the tenant gets to use a pool and gym at the clubhouse, plus a grand piano in the home, with parking for up to eight vehicles, according to listings. The lease could be cut by HK$2,500 a day if the occupier doesn't need the use of a seven-seat sports utility vehicle (SUV) that comes with it, the listings say.
Residential project Valais by Sun Hung Kai Properties in Sheung Shui as of 17 April 2012. Photo: Nora Tam
Hong Kong's real estate bull market has stumbled after a decade-long run, as the city's ongoing anti-government protests add weight to the year-long US-China trade war in dragging sentiments lower.
A 19th consecutive weekend of street rallies and protests deteriorated into violence and vandalism, driving visitors from the city and putting Hong Kong's economy on track for a technical recession in the quarter that started in October.
"In this market sentiment, nobody wants to buy" luxury homes, said Franky Lam, a property agent who represents the Valais villa owner. "For Valais, basically every unit is resold at a loss."
Larger homes in Hong Kong, defined as those exceeding 1,722 sq ft (160 square metres), have been particularly vulnerable to the downturn in the city's real estate industry, with prices sliding 2.9 per cent from May to August, more than the 1.3 per cent decline for flats smaller than 430 sq ft, according to data from the Rating and Valuation Department.
The prices of villas could fall by 20 per cent from their peak by the first quarter of 2020,...