Fulum Group Affiliates List Kwun Tong Properties for Student Housing at HK$220M
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Parties connected to the Fulum Group have put on the market a bundle of properties at Hung To Road 90 in Kwun Tong, seeking approximately HK$220 million. The standalone eight-storey building, with a total floor area of about 32,900 square feet, received approval this year to be transformed into a 128-bed student residence under the government's "Urban College" scheme. The joint exclusive agents, Centaline (Industrial & Commercial) and CBRE, note that the property already carries approved dormitory building plans, allowing a new owner to begin conversion work without delay. Industry players anticipate the listing will draw broad attention from both local and overseas investors targeting Hong Kong's expanding student accommodation market.
Key Points
- The property portfolio at Hung To Road 90 Kwun Tong comprises the ground-floor entrance plus levels one through seven and the rooftop
- The site covers approximately 5,000 square feet, with a total floor area of about 32,900 square feet
- The eight-storey corner building was granted approval in 2025 to be redeveloped as a 128-bed student dormitory
- Located near Kwun Tong MTR station and the Eastern Harbour Crossing, providing easy access to major universities
- The portfolio is held by Fulum Group affiliates who acquired the properties in batches starting in 2017 for a total exceeding HK$300 million
Why It Matters
The listing underscores how Hong Kong's push to become an international higher-education hub is reshaping investment preferences, with student accommodation emerging as a sought-after alternative asset class amid constrained supply of traditional commercial properties in prime locations .
The listing underscores how Hong Kong's push to become an international higher-education hub is reshaping investment preferences, with student accommodation emerging as a sought-after alternative asset class amid constrained supply of traditional commercial properties in prime locations .