The Rosaryhill School saga, and a government response. An esteemed Catholic ‘elite’ institution is to close owing to falling student numbers, while a newish private school called Dalton (‘co-founded by Everbright Charitable Foundation, Sun Hung Kai & Co Foundation, CITIC Capital Charitable Foundation Limited and asset management company Value Partners’) plans to take over its premises in a prime location on Stubbs Road.
Rosaryhill is a local secondary school, while Dalton is a primary apparently (according to the Standard editorial) catering more to newly arrived Mainlanders, which might in theory explain the two institutions’ differing views of their future prospects. Though it says here…
[The Dominican Mission] said the secondary student population was only 20 percent that of its prime years, while enrollment in its private kindergarten and primary section has “plummeted by a staggering 65 percent.”
One of our esteemed commenters offers extra insight here and here. If the deal is more about real estate than education, it would hardly be unprecedented for a religious organization to make a mint from land granted by the government back in the early-mid 20th century. Such murkiness should bring joy to the nostalgic as a sign that some things in Hong Kong haven’t changed.