Scion of Hong Kong warehousing firm Tai Sang steps up hospitality foray with Wong Chuk Hang hotel

Justin Ma, the 29-year-old heir of the family that controls Tai Sang Land Development, hopes to ramp up investment in hospitality, in a break from the investment strategy of the 53-year-old company, which is better known for industrial buildings, shops and office buildings in Hong Kong.

“Where Yulan Group would be going in the future is that we are a hospitality group and we are not just focused on hotels,” Ma said in an interview. “Serviced flats, food and beverage [F&B] concepts and senior living would be something that we are very interested in branching off into, and we are very active in terms of looking at the market – what properties we can work on and what partnerships we can form to expand our group’s business.”