Savills appointed as sole agent for the tender sale of Yick Fung Group Building in Tuen Mun
14 February 2017
Savills has been appointed as the sole agent for the tender sale of Yick Fung Group Building in Tuen Mun. The indicative price is HK$450 million. Tender Closing Date on 21 April 2017 (Friday).
The 12-storey property is located at Kin Fat Lane, Tuen Mun, at the junction of Kin Fat Street and King Wong Street. The property is to be sold on an as-is basis with a spanning site area of approximately 11,000 sq ft, with a total gross floor area of approximately 106,719 sq ft,.
James Siu, Head of Kowloon, Savills said, “Tuen Mun is developing as one of the latest commercial areas in Hong Kong. The property is near the developing zone and is neighbour to a number of revitalisation projects. It is worth mentioning that quite a number of renowned corporations also call this neighbourhood home, including Vitasoy International Holdings Limited, Cathay Pacific and KMB.” James continued to say that Tuen Mun benefits from the billion-dollar infrastructure and it is expected it will turn into a significant hub. Tuen Mun to Shenzhen Bay Port by car is approximately 20 minutes drive and 10 minutes drive to the River Trade Terminal.
The upcoming Tuen Mun Western Bypass and Hong Kong-Zhuhai-Macao Bridge will further facilitate this area towards Pearl River Delta. As en-bloc property is regarded as rare in Tuen Mun, it is believed that this tender sale will attract a good response.
Senior Director/ Head of Kowloon Savills (Hong Kong) Limited
Savills The Gateway
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