Hong Kong Student Dorms Lure PEs in $412 Million Investment Rush

It’s what private equity giants tout at property summits and agents pitch to clients — not shopping malls, not data centers, but student dormitories.

The assets have become Hong Kong’s fastest-growing real estate play, offering rare stability amid a slump in offices and retail space. Local developers, universities, and global funds are piling in, betting on a steady stream of mainland Chinese students.