Layout
7,000 sqft student co-living building with downstairs shops, common area and 50 individual student units
Location
Hung Hom, Kowloon, Hong Kong
Status
fully occupied
Student Co-Living
Vivid Invest partners with local operators to manage co-living space in Hung Hom, Kowloon, Hong Kong
Vivid Invest developed the upgraded the building in 2022-2023 including the removed all building orders. The asset is fully leased and offers significant value appreciation potential due to direct MTR access, Polytech student demand & rapidly gentrifying location.
The new development site Baker Circle is located 3 minutes walk away from 33 Cooke Street/13 Lo Lung Hang Street. Henderson Land just completed phase one of a mixed residential and commercial project to be completed by March 2025. The Baker Cirlce project will lead to further value appreciation of the surrounding area and will contribute to the assets ability to retain and grow in value.
An influx of non-local higher-education students increases the gap between supply and demand for student accommodation.
