--- title: "Zhongyuan Investment: Investment of over 2 billion in hotel conversion to student apartments, with the bed supply target adjusted to 6,000 in the next two to three years" type: "News" locale: "en" url: "https://longbridge.com/en/news/280102720.md" description: "Zhongyuan Investment announced the acquisition of the Regal Oriental Hotel in Kowloon, Hong Kong, with plans to convert it into student apartments, investing over HKD 2 billion. This move marks Zhongyuan's strategic expansion in the Hong Kong student apartment market and is expected to become the largest student apartment project in the region. Zhongyuan Investment has raised its bed supply target to approximately 6,000 beds, with plans to achieve this in the next two to three years. The project reflects Zhongyuan's confidence in the student apartment market, believing that this is an ideal time to expand in the market" datetime: "2026-03-23T05:19:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280102720.md) - [en](https://longbridge.com/en/news/280102720.md) - [zh-HK](https://longbridge.com/zh-HK/news/280102720.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280102720.md) | [繁體中文](https://longbridge.com/zh-HK/news/280102720.md) # Zhongyuan Investment: Investment of over 2 billion in hotel conversion to student apartments, with the bed supply target adjusted to 6,000 in the next two to three years Centaline Group's Centaline Investment announced today (23rd) the completion of the acquisition of the Regal Oriental Hotel located in Kowloon, Hong Kong, marking an important step in Centaline Investment's strategic expansion in the Hong Kong student accommodation market. This acquisition further reflects Centaline Investment's long-term confidence in the student accommodation market, based on robust educational demand and the gradual improvement of fundamental factors in the real estate market. The project is planned to be repositioned as a student accommodation facility and is expected to become the largest student accommodation project in Hong Kong. This project will further strengthen the development of Centaline Investment's student accommodation operating platform, CampusOne Communities. Centaline Investment's CEO, Yip Ming-hui, stated that this acquisition reflects Centaline's confidence in the student accommodation investment market. With the structural increase in demand for student housing and asset prices currently undergoing adjustment, Centaline believes that now is the ideal time to expand its footprint in the Hong Kong student accommodation market. This investment of over HKD 2 billion by Centaline Investment in the project fully demonstrates Centaline's confidence in the market. With the continuous increase in the number of non-local students, limited on-campus accommodation supply at local universities, and long-term market fundamentals supporting this trend, Centaline Investment announced that it will raise its target for bed supply in Hong Kong student accommodation to approximately 6,000 beds, planning to gradually achieve this over the next two to three years, significantly higher than the previous target. Currently, CampusOne Communities has a total of 3 student accommodation projects, which are expected to provide approximately 1,700 to 1,800 beds once fully operational. Centaline Investment's Managing Director and Chief Investment Officer, Jiang Ruowen, stated that student accommodation is no longer a niche market but is gradually becoming an indispensable infrastructure for Hong Kong's international education hub and is developing into an institutional-grade asset class. Centaline is confident that through prudent acquisition strategies, scaled development, and professional operations, it can provide stable returns and long-term value for investors ### Related Stocks - [CCSC (601375.CN)](https://longbridge.com/en/quote/601375.CN.md) - [Yinhua CSI Interior Real Estate Theme ETF (159768.CN)](https://longbridge.com/en/quote/159768.CN.md) - [GF CSI All Share Financials ETF (159940.CN)](https://longbridge.com/en/quote/159940.CN.md) - [China Southern CSI All Share Real Estate ETF (512200.CN)](https://longbridge.com/en/quote/512200.CN.md) - [Hwabao WP CSI 800 Real Estate ETF (159707.CN)](https://longbridge.com/en/quote/159707.CN.md) - [ChinaAMC CSI All Share Real Estate ETF (515060.CN)](https://longbridge.com/en/quote/515060.CN.md) - [REGAL INT'L (00078.HK)](https://longbridge.com/en/quote/00078.HK.md) - [REGAL REIT (01881.HK)](https://longbridge.com/en/quote/01881.HK.md) ## Related News & Research - [Great China Holdings Posts Deeper 2025 Loss on Property and FX Hits](https://longbridge.com/en/news/281250022.md) - [Cherish Sunshine to Guarantee RMB42.44 Million Loan for Mainland Subsidiary](https://longbridge.com/en/news/281184873.md) - [Guangzhou R&F Properties Revamps Board and Committees Ahead of 2026 AGM](https://longbridge.com/en/news/281182304.md) - [Zhuguang Pledges Silver Grant Stake to Secure US$210 Million Senior Notes](https://longbridge.com/en/news/281300086.md) - [China’s Foreclosed Property Market Rebounds as Buyers Bid Up Auction Prices](https://longbridge.com/en/news/281353101.md)