Property News · January 2, 2026

CityU joins ranks of schools snapping up Hong Kong offices with Festival Walk buy


City University of Hong Kong has bought an office property in Kowloon for HK$1.96 billion (US$252 million), joining a growing list of educational institutions buying office assets amid depressed prices as the city’s office market shows early signs of stabilising.
CityU Limited, a wholly owned subsidiary of the university, acquired the low-rise office block at Festival Walk in Kowloon Tong from Singapore-based Mapletree Pan Asia Commercial Trust. The agreement was signed on December 10, and the…

Source : South China Morning Post
Read more…CityU joins ranks of schools snapping up Hong Kong offices with Festival Walk buy