On September 15, according to market news, Cade Investment, a Singaporean asset management agency, plans to acquire the ibis Hong Kong Central & Sheung Wan Hotel, 28 Des Voeux Road West, Sheung Wan, Hong Kong for HK$2.3 billion. After the transaction is completed, it plans to transform the property into a student apartment. The project will be operated by Ascott's long-term rental brand “Yayue”. On the 16th, the reporter verified the rumor of the acquisition with CapitaMall. The other party said that there is currently no specific information to share with the outside world.

On September 15, according to market news, Cade Investment, a Singaporean asset management agency, plans to acquire the ibis Hong Kong Central & Sheung Wan Hotel, 28 Des Voeux Road West, Sheung Wan, Hong Kong for HK$2.3 billion. After the transaction is completed, it plans to transform the property into a student apartment. The project will be operated by Ascott's long-term rental brand “Yayue”. On the 16th, the reporter verified the rumor of the acquisition with CapitaMall. The other party said that there is currently no specific information to share with the outside world.