Cheng Yu-tung Family Office Acquires School Campus for HK$400 Million

Chow Tai Fook Enterprises, the private investment vehicle of the Cheng family, together with related parties, has acquired a school campus in Hong Kong’s Taikoo Shing district from Swire Properties in a transaction estimated at approximately HK$400 million (US$51 million). The property, located at 5-7 Tai Fung Avenue and spanning around 146,000 square feet across the ground to fourth floors of Kam Shan Mansion, houses DSC International School — an institution operated by CTF Education Group, an education arm linked to Chow Tai Fook interests. The deal was structured as a company share transfer, with newly appointed directors of the holding entity Keen Elite Group including Brian Cheng Chi-ming, co-CEO of CTF Services and second son of Henry Cheng Kar-shun, and Christopher Cheng Chi-leong, co-CEO of Chow Tai Fook Enterprises and third son of Henry Cheng. The transaction nearly doubles the property’s valuation from an internal Swire transfer in late 2023 at HK$213 million, and converts the family’s interest from tenant to owner-occupier. Analysts attributed the acquisition to confidence in the long-term outlook for Hong Kong’s international school sector, driven by government talent admission schemes attracting skilled migrants and overseas students.

About the Hong Kong-based Cheng Family Office: Chow Tai Fook Enterprises

Chow Tai Fook Enterprises is the private holding and investment vehicle of the Cheng family, founded by the late Hong Kong billionaire Cheng Yu-tung, who built one of the city’s largest business empires before his death in 2016. The group – one of the top Asian family offices – is today led by his son, Henry Cheng Kar-shun, and encompasses a broad portfolio of investments spanning real estate, jewelry retail, hospitality, infrastructure, and education. Its most prominent public subsidiary is New World Development, a major Hong Kong and mainland China property developer, while its jewelry arm, Chow Tai Fook Jewelry Group, is one of the largest jewelry retailers in the world by store count. CTF Education Group, established within the family office in 2017, manages the group’s education-related investments and operations, including DSC International School. The group’s private investment activities are headquartered in Hong Kong, where the Cheng family retains significant influence across multiple sectors of the city’s economy.

Picture Source: Unsplash+ (02.02.2026)
Article Source: Chinadaily HK (09.02.2026)