Wee Hur Holdings has acquired One Bedford Place, a 26-storey Grade A commercial building in Tai Kok Tsui, Kowloon, for an undisclosed sum. The building also comes with two basement levels and has a total gross floor area of 184,000 sq ft.
The building will be repositioned into a 500-bed purpose-built student accommodation (PBSA), making this its second student accommodation investment in Hong Kong after the 246-bed Starvia by Y Suites.
According to the group, Hong Kong has a structural shortage of student housing with the supply of PBSA not keeping pace with the government’s policy to grow the city as an international education hub. A white paper by Colliers dated Sept 11, 2025, estimates that the shortfall will reach around 120,000 beds by 2028.
“This investment reflects our conviction in the long-term demand for student accommodation in Hong Kong,” says Glen Lim, assistant vice president, Wee Hur Capital. "Subject to the necessary approvals, One Bedford Place has the potential to become a high-quality recurring-income asset and a strategic foothold for further growth in the market.”
One Bedford Place is located within walking distance of Prince Edward MTR Station and is within 30 minutes’ travel of four major Hong Kong universities, including City University of Hong Kong, Hong Kong Baptist University, Hong Kong Metropolitan University and the Hong Kong Polytechnic University.
Shares in Wee Hur closed 1 cent higher or 1.59% up at 64 cents on June 9.
