The Tung Fat Building in Kennedy Town was converted to eight apartments, one per floor. The exterior was refurbished, but its corners retain the curves characteristic of Modernism. – Credit: Denice Hough

HONG KONG (The New York Times) — The Tung Fat Building has a prized waterfront position in Kennedy Town, the westernmost neighborhood on the crowded north shore of Hong Kong Island.

Its Cantonese name translates as the “Get Rich Together” building, one of many such aspirational titles for Hong Kong apartments and offices, old and new.

But for its owners, the “tong lau,” or walkup tenement, has been a decade-long cash sinkhole, although the expense should be ending now that the concrete building’s unusual renovation is all but completed. Continue reading →