Rich China Center – Charm

Among commercial buildings, hotels are favoured for conversion into student hostels due to lower costs, according to multinational firm Arup. Photo: Sam Tsang

Regal’s US$194 million hotel sale highlights investor push into Hong Kong student housing

5 months ago02 mins

Regal Hotels International Holdings and its units have sold the 494-room Regal Kowloon Hotel for about HK$1.52 billion (US$194 million) to the real estate investment arm of Centaline Group, which operates one of Hong Kong’s largest property agency networks, to be converted into a student hostel. Regal Hotels and affiliates Century City International Holdings and…

Hong Kong’s small office landlords turn to co-working, student hostels to survive

6 months ago02 mins

Hong Kong’s struggling office landlords are ramping up efforts to convert their assets into co-working spaces and student accommodation in a bid to adapt to intense competition and the flight to quality, according to analysts. With some 3.5 million sq ft of new premium office space expected to be completed this year and next, on…