Hong Kong Island Whole-Floor Office Units in High Demand as Package Sale Launched in Central-Sheung Wan
SingTao · 1 SOURCESabout 3 hours ago5 MIN
Summary
Hong Kong's commercial property market is seeing renewed interest in whole-floor office units, with multiple owners listing their assets as a bundled package in the Sheung Wan and Central areas. The flagship offering comprises two full floors at Urban Tree Centre in Sheung Wan, with a combined gross area of 5,050 square feet offering western district sea views. A CBRE executive noted that current valuations represent significant discounts from the market peak, presenting attractive opportunities for buyers seeking quality office space near MTR stations.
Key Points
- Urban Tree Centre 20/F and 22/F in Sheung Wan: each floor spans approximately 2,525 sq ft, totaling 5,050 sq ft with western district sea views
- Shing Kei Commercial Centre 12/F units 05-06: gross area approximately 1,893 sq ft, mid-floor sea-view office unit
- Fu Wai Commercial Building 3/F in Central: gross area approximately 1,800 sq ft, representing the third property in the portfolio
- Market value benchmark exceeds HK$9,000 per sq ft; comparable sale at Urban Tree Centre 13/F in March last year achieved HK$8,900 per sq ft
- Shing Kei Commercial Centre 37/F unit 06 transacted at approximately HK$8,200 per sq ft in April this year, providing another price reference
- All units sold with existing tenancies; buyers may purchase the entire package or individual units separately
- CBRE Hong Kong Capital Markets Director Jim Yan (甄梓謙) highlighted the方正 layout and proximity to MTR stations as key advantages
Why It Matters
The bundled sale of these mid-size office units reflects a broader trend of sellers capitalizing on renewed market interest while offering flexibility for diverse buyer profiles. For Hong Kong's commercial property sector, this transaction signals a potential shift from destocking to demand growth, with prices now at levels that could attract both end-users seeking headquarters space and investors looking for stable rental income in prime locations.
The bundled sale of these mid-size office units reflects a broader trend of sellers capitalizing on renewed market interest while offering flexibility for diverse buyer profiles. For Hong Kong's commercial property sector, this transaction signals a potential shift from destocking to demand growth, with prices now at levels that could attract both end-users seeking headquarters space and investors looking for stable rental income in prime locations.