Centaline launches new CampusOne student housing

The first CampusOne project, One Pace 117, is a converted hotel in Tsim Sha Tsui.

Centaline Investment has launched a new student housing platform called CampusOne Communities, which will be run by its subsidiary, Centaline OpCo Ltd.

CampusOne Communities aims to provide high-quality and safe accommodation and living experiences for students studying at Hong Kong’s higher education institutions, whilst also assisting property owners in transforming suitable properties into student housing.

The first project under the CampusOne brand is One Pace 117, a converted hotel in Tsim Sha Tsui located near Hong Kong Polytechnic University.

The building is currently being renovated and is expected to open to students by August. Room options range from singles to triples, with shared common areas.

Rents for beds in triple rooms start at over $6,000 per month. The property includes a rooftop and internet access.

Additionally, the company plans to launch diverse student housing projects in the future to offer students more options.

It is expected that the student housing investment market in Hong Kong will grow to between $75b and nearly $100b over the next five years.