Canton Road 122 Commercial Floors Launch for Sale at HK$28.85M Starting Price
AM730 · 2 SOURCESabout 4 hours ago2 MIN
Summary
A commercial property project named Canton Road 122 at Tsim Sha Tsui is being offered for sale with four full floors split across the 11th, 12th, 15th, and 16th levels. Each floor spans approximately 1,898 square feet with indicative prices ranging from HK$28.85 million to HK$29.988 million per floor. The sale comes as visitor arrivals to Hong Kong reached about 4.5 million in July, with about 3.6 million from mainland China, representing a year-on-year increase of about 3 percent.
Key Points
- The property is located at Canton Road 122, Tsim Sha Tsui, covering four full floors (11F, 12F, 15F, 16F), each about 1,898 sq ft
- Floors 11 and 12 are priced at HK$15,200 per sq ft (approximately HK$28.85 million per floor), while floors 15 and 16 command HK$15,800 per sq ft (approximately HK$29.988 million per floor)
- The sale will proceed in existing condition with some floors vacant and others with existing tenancies
- The building features curved glass curtain walls, over 70% efficiency rate, and approximately 3.15-meter high ceilings
- According to the Hong Kong Tourism Board, July visitor arrivals totaled about 4.5 million, with mainland Chinese visitors accounting for about 3.6 million, up about 3 percent year-on-year
Why It Matters
Canton Road is globally renowned as a luxury shopping destination, attracting strong foot traffic from both local consumers and international visitors . The timing of this sale coincides with a steady recovery in Hong Kong's tourism sector, which could make this an attractive opportunity for buyers seeking stable rental income in a prime commercial location .
Canton Road is globally renowned as a luxury shopping destination, attracting strong foot traffic from both local consumers and international visitors . The timing of this sale coincides with a steady recovery in Hong Kong's tourism sector, which could make this an attractive opportunity for buyers seeking stable rental income in a prime commercial location .