City University of Hong Kong has paid HK$1.96 billion for the Festival Walk Office Tower in Kowloon Tong, which has an area of 229,000 sq ft. Photo: Handout

    Rare momentum: Hong Kong universities, schools prop up commercial property market

    Hong Kong’s educational institutions are forecast to ramp up their investment and leasing in the commercial property segment, with leading universities and international schools among those paying top dollar to acquire or lease office and retail spaces, according to Colliers. In the first five months of the year, property acquisitions by educational institutions accounted for…

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