Savills appointed as Sole Agent for the Sale of 37/F, No 1 Hung To Road, Kwun Tong, Kowloon

01 August 2017

Savills has been appointed as sole agent for the tender sale of 37/F, No 1 Hung To Road, Kwun Tong.  The indicative price is approximately HK$126 million ( HK$9,200 per sq ft)

Completed in 1994, the 33-storey property is one of the most popular industrial/office towers in Kwun Tong as it is located only one minute away from the Ngau Tau Kok MTR Station.   The 37/F, which is also the top floor, with a floor area of 13,659 sq ft, enjoys unobstructed sea view, like some of the high floors of the building.  It is to be sold on an “as is” basis in vacant possession.

Jay Fan, Senior Associate Director, Savills said even though some may have a perception that Ngau Tau Kok is not yet a very developed and mature area, that is actually where the beauty comes in.  Most of the buildings, unlike those in Kwun Tong, are single-owned and that offers better development of this area.   In addition, from 2017-2019, there will be over 2 million sq ft of new commercial floorplate available: including Mapletree, to be completed in 2017; Wharf T&T Plaza; and a project co-developed by Link REIT and Nan Fung, which will be completed in 2019. These will all be Grade A offices.  Visionary investors and buyers will see great potential in this area.”

 
 

Key Contacts

Raymond Wan

Raymond Wan

E-025976
Senior Director
Investment - Office Sales

Savills Two Exchange Square, 23/F

+852 2840 4892

 

May Yu

May Yu

PR Manager
Marketing & Communications

Savills Two Exchange Square, 23/F

+852 2842 4409