Centraline Investment Student Housing Projects Hit 100% Occupancy
AM730 · 1 SOURCESabout 1 hour ago4 MIN
Summary
Centraline Investment has reported full occupancy at its two flagship student accommodation projects, ONE PACE 117 in Tsim Sha Tsui and ONE PACE 38 in Sai Ying Pun, ahead of the new academic year. The two properties, offering a combined total of 276 beds, demonstrate robust demand for premium student housing amid Hong Kong's push to become an international higher education hub. The company's third project, One Collection Kai Tak Phase 1, has reached 90% occupancy.
Key Points
- ONE PACE 117 is located in the Tsim Sha Tsui core area, approximately a 5-minute walk from Hong Kong Polytechnic University, offering 121 beds
- ONE PACE 38 is situated in Western Mid-Levels on Hong Kong Island, about a 10-minute walk to the University of Hong Kong, providing 155 beds
- Both projects are operated under the CampusOne Communities (壹社) brand, which emphasises prime locations, comprehensive facilities and professional management
- Centraline Investment CEO Yip Ming-wai noted that supply growth is lagging behind demand growth, with the supply-demand imbalance expected to persist for several years
- One Collection Kai Tak Phase 1 in Kowloon City features over 40,000 square feet of communal space and has achieved 90% occupancy
Why It Matters
The full occupancy of these student housing projects underscores the structural undersupply of quality accommodation for Hong Kong's expanding non-local student population. As local universities continue to increase their international enrollment to support Hong Kong's status as a regional education centre, the gap between housing supply and demand will likely widen, presenting significant investment opportunities in the student accommodation sector .
The full occupancy of these student housing projects underscores the structural undersupply of quality accommodation for Hong Kong's expanding non-local student population. As local universities continue to increase their international enrollment to support Hong Kong's status as a regional education centre, the gap between housing supply and demand will likely widen, presenting significant investment opportunities in the student accommodation sector .