Johnson Stokes & Master (Tanglau) has advised Hong Kong Young Women’s Christian Association (YWCA) on the successful sale of Bonham Residence Hong Kong at 38C Bonham Road, West Mid-Levels, for a consideration of HK$335 million.
Bonham Residence Hong Kong is a 27-storey fully serviced hostel building with a gross floor area of 36,660 sq. ft., comprising 96 units. Strategically located near the University of Hong Kong and major transport links, and just minutes from the central business district, the property is set to be transformed by the purchaser into an approximately 200-bed private student accommodation facility. The sale and conversion taps into surging demand for quality student housing and supports the 2024 Policy Address goal of positioning Hong Kong as a global education hub.
The deal highlights growing investor confidence in the city’s emerging student accommodation sector. The transaction was led by Tanglau Real Estate partner Alvin Yeung, with support from associate Cheryl Yip, underscoring the firm’s proficiency in navigating nascent markets.
