New World Lists 3-Storey Lai Chi Kok Property with Naming Rights at HK$7,905 psf
AM730 · 1 SOURCESabout 2 hours ago5 MIN
Summary
New World Development (新世界發展) has launched the sale of three upper floors at its commercial building located at 83 Lai Chi Kok Road (永康街83號), accompanied by the rare offering of building naming rights. The vendor is seeking approximately HK$454 million for the 57,432 square feet of gross floor area, translating to an意向呎價approximately HK$7,905 per square foot . The property stands out as an ideal corporate headquarters option, offering businesses a unique opportunity for long-term asset allocation and brand establishment in Hong Kong . Ricacorp Properties (工商舖) associate director Ip Fei-ming (葉斐明) noted that considering varying user needs, the developer is also offering smaller units starting from 966 sq ft, with ceiling heights ranging from 4.17 to 4.7 metres . Additional units available include mid-floor whole-floor spaces of 18,946 to 19,145 sq ft, with asking prices from HK$6,188 psf, suitable for medium-sized companies seeking self-use premises .
Key Points
- The three upper floors span approximately 57,432 sq ft with an asking price of HK$454 million (approximately HK$7,905 psf)
- The building features rare landscaped garden terraces, staff pantries, an employee nursery room, and executive washrooms on each floor
- Located just a five-minute walk from Lai Chi Kok MTR station with approximately 182 private car parking spaces available
- Individual units start from 966 sq ft with flexible ceiling heights of 4.17 to 4.7 metres; mid-floor whole floors range from 18,946 to 19,145 sq ft
- The government is actively developing the area as a new core business district, with the high-speed rail enhancing cross-border connectivity
Why It Matters
The listing comes as Hong Kong accelerates development of emerging core business zones beyond traditional Central and Wan Chai areas. The combination of naming rights, flexible unit sizes, and premium amenities reflects developers' strategies to attract corporations seeking to establish flagship headquarters while the government promotes regional economic growth through infrastructure projects linking Hong Kong with mainland China .
The listing comes as Hong Kong accelerates development of emerging core business zones beyond traditional Central and Wan Chai areas. The combination of naming rights, flexible unit sizes, and premium amenities reflects developers' strategies to attract corporations seeking to establish flagship headquarters while the government promotes regional economic growth through infrastructure projects linking Hong Kong with mainland China .