Kowloon Tong Education Hub STAR PLACE Hits 60% Occupancy, Rents to Rise in November
AM730 · 1 SOURCESabout 3 hours ago1 MIN
Summary
The newly launched STAR PLACE one-stop education centre in Kowloon Tong has achieved over 60% occupancy just months after its Chinese New Year market debut . Developed by Archilight Property Group, the two-floor complex on Junction Road offers 11 retail units ranging from 454 to 938 square feet, targeting premium education brands . Given strong leasing demand and limited available units, the developer plans to raise rents in November .
Key Points
- STAR PLACE at 18 Junction Road spans approximately 7,000 square feet across ground and first floors with 11 units
- Unit sizes range from 454 to 938 square feet, with available units between 488 to 938 square feet
- Some units feature ceiling heights reaching 4.57 metres, with independent air conditioning systems
- The centre is a 5-minute walk from MTR Sung Wong Toi Station on the Tuen Ma Line and served by over 25 bus routes
- Archilight Director of Investment and Sales Adrian Cheng expects continued growth in Hong Kong's education sector
Why It Matters
The rapid leasing success of STAR PLACE signals robust demand for purpose-built education spaces in traditional school districts . With the project nearing full occupancy before November's rent adjustment, landlords in Kowloon Tong may command higher asking rents for similar education-oriented developments .
The rapid leasing success of STAR PLACE signals robust demand for purpose-built education spaces in traditional school districts . With the project nearing full occupancy before November's rent adjustment, landlords in Kowloon Tong may command higher asking rents for similar education-oriented developments .