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Hang Seng University Invests HK$90M in Sha Tin Office Units

12/11/2025

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Summary

Story summary

Hang Seng University purchased 16 office units in Sha Tin for HK$90 million (US$11.6 million).
The purchase of 19,139 square feet aligns with the government's initiative to make Hong Kong a global education hub.
Alco Holdings will use the proceeds to repay HK$47.5 million in bank loans and settle guarantees.
An October valuation estimated the property at HK$88.68 million, with completion expected in January.

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Story summary

Hang Seng University purchased 16 office units in Sha Tin for HK$90 million (US$11.6 million).
The purchase of 19,139 square feet aligns with the government's initiative to make Hong Kong a global education hub.
Alco Holdings will use the proceeds to repay HK$47.5 million in bank loans and settle guarantees.
An October valuation estimated the property at HK$88.68 million, with completion expected in January.