Savills Appointed as Sole Agent for the Tender Sale of 107 How Ming Street in Kowloon

07 November 2017

Savills has been appointed as sole agent for the tender sale of 107 How Ming Street, Kowloon. The property is vacant, newly renovated commercial building and located in East Kowloon CBD 2. The indicative price is HK$1.38 billion. Tender Closing Date: 12 December 2017 (Tuesday).

The property is just 5 minutes’ walk from Kwun Tong MTR Station. Over the past few years, Kwun Tong has turned into a well-developed commercial district with very few properties available for sale, especially en-bloc properties. The ground floor of the property is for retail shops and an escalator connects to the 1st floor. F&B outlets are suitable on floors 1 to 4 while other type of retail shops and offices are good fit starting from 5th floor.

James Siu, Head of Kowloon, Savills said, “since the launch of the ‘Energizing Kowloon East’ project, Kwun Tong has been developing rapidly. Property transactions are still very active in the area with the recent acquisition of  Maxwell Industrial Building by Law’s Group for HK$1.39 billion and LVGEM (China) Real Estate Investment Co. Limited’s purchase of 8 Bay East for a record HK$9 billion. How Ming Street is one of the major streets in the area where Holiday Inn Express Hotel will soon open. The redevelopment of the former bus depot project owned by Sun Hung Kai will be completed in the near future and will give the area a new look upon completion.” James added that CBD 2 is a rare investment opportunity with very few commercial properties in the block adjacent to Kwun Tong Station and he strongly believes that the property for sale will attract a promising number of investors and end users.

 
 

Key Contacts

James Siu

James Siu

E-100840
Deputy Managing Director / Head of Kowloon Savills
Industrial

Savills The Gateway

+852 2378 8628

 

May Yu

May Yu

PR Manager
Marketing & Communications

Savills Two Exchange Square, 23/F

+852 2842 4409