Acquisition of Wealthy Oriental Hotel for Conversion into Student Apartments
Sino Land Investment: Total Investment Exceeds 2 Billion

SighingCashier · 2026-03-23T07:42:19+00:00

Centaline Investment, a subsidiary of Centaline Group, acquired the Regal Oriental Hotel in Kowloon City for approximately HK$1.518 billion, with plans to convert it into student dormitories, demonstrating confidence in the market. The project will become Hong Kong's largest student accommodation, with the supply target raised to about 6,000 beds. Centaline Investment stated that student housing has become an important part of Hong Kong's educational infrastructure.

SighingCashier

2026-03-23 07:42:19

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Centaline Group’s Centaline Investment has acquired the Harbour Oriental Hotel in Kowloon City for approximately HKD 1.518 billion, to be redeveloped into student accommodation. Centaline Investment stated that this acquisition further demonstrates the company’s long-term confidence in the student housing market, based on steady educational demand and the gradual improvement of the real estate market fundamentals.

The property is located in a mature urban area with excellent transportation links and is close to several higher education institutions. The project plans to reposition the property as student accommodation, expected to become Hong Kong’s largest student housing project. This will further strengthen Centaline Investment’s student accommodation platform, CampusOne Communities.

Centaline Investment CEO Ye Minghui said that this acquisition reflects the company’s confidence in the student housing investment market. With the ongoing structural increase in student accommodation demand and asset prices currently undergoing adjustment, they believe now is an ideal time to expand Hong Kong’s student housing footprint. The investment of over HKD 2 billion in this project also fully demonstrates their confidence in the market.

Centaline Investment also announced an upward revision of its target bed supply for Hong Kong student housing to approximately 6,000 beds, with plans to gradually achieve this within the next two to three years, more than doubling the previous target. Currently, the company has three student housing projects, which are expected to provide a total of about 1,700 to 1,800 beds once fully operational.

Jiang Ruowen, Managing Director and Chief Investment Officer of Centaline Investment, said that student accommodation is no longer a niche market but is gradually becoming an essential infrastructure for Hong Kong as an international education hub, also developing into an institutional-grade asset class. The company is confident that through prudent acquisition strategies, scaled development, and professional management, it can deliver stable returns and long-term value for investors.

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