Hong Kong Property market is expected to remain robust followed by the recent Quantitative Easing policy (QE2) introduced by Federal Reserve.
Hong Kong Property market is expected to remain robust followed by the recent Quantitative Easing policy (QE2) introduced by Federal Reserve. Recently, Savills has been appointed as the sole agent for the sale bid tender for Units 12, 13 & 14 on 13/F and carpark B7 & B8, Peninsula Square, 18 Sung On Street, Hunghom. The tender will close on 26 January 2011 (Wednesday).
Built in 1993, Peninsula Square is located at the heart of Hunghom commercial area. The excellent quality standard of the premises complemented by large carpark, together with easy access to other key business districts, making the building most well-liked. The carpark takes up 1/F to 8/F and the office spaces span from 9/F to 22/F. Currently, the total gross floor area for 12/F, 13/F and 14/F is around 6,248 sqft, together with carpark lots B7 and B8, are now available for sale with existing lease.
In addition, the suggested Shatin to Central Link (SCL) and the Kwun Tong Link developed by MTRC, which the latter will be completed by 2015, will develop more stations such as Homantin, Whampoa and Tokwawan. The improved network will definitely strengthen better transportation network for Hunghom and in the end, drive more business activities in the area.