Hong Kong Island Commercial Properties Listed for HK$74 Million
On.cc · 1 SOURCESabout 2 hours ago2 MIN
Summary
An owner is capitalising on the improving sentiment in Hong Kong's commercial property market by listing a batch of office units across prime locations on Hong Kong Island. The portfolio, which includes premises in Sheung Wan and Central, carries a combined asking price of approximately HK$74 million. CBRE has been retained as the exclusive agent for the sale, which offers flexibility for prospective buyers to acquire the properties either collectively or separately.
Key Points
- The portfolio features Bowls Centre on Connaught Road West, with full floors on the 20th and 22nd levels totalling approximately 5,050 square feet and offering Victoria Harbour views
- Additional assets include units 05-06 on the 12th floor of Shing Gai Commercial Centre, also at Connaught Road West, measuring about 1,893 square feet with harbour vistas
- The third property is a full floor on the 3rd level of Fu Wai Commercial Building on Des Voeux Road Central, spanning approximately 1,280 square feet
- The total gross floor area across all three properties amounts to approximately 8,223 square feet, with an average asking price of around HK$9,000 per square foot
- Recent comparable transactions include the sale of Bowls Centre 13th floor in March 2025 at approximately HK$8,900 per square foot, and Shing Gai Commercial Centre unit 06 on the 37th floor in April 2026 at roughly HK$8,200 per square foot
Why It Matters
The listing reflects growing confidence among commercial property owners in Hong Kong's office market, particularly for full-floor units in established business districts. Zen Tsz Him, Director of Hong Kong Capital Markets at CBRE, noted that user demand continues to underpin transaction activity, with both local and mainland Chinese companies showing strong interest in whole-floor office spaces.
The listing reflects growing confidence among commercial property owners in Hong Kong's office market, particularly for full-floor units in established business districts. Zen Tsz Him, Director of Hong Kong Capital Markets at CBRE, noted that user demand continues to underpin transaction activity, with both local and mainland Chinese companies showing strong interest in whole-floor office spaces.