Savills has been appointed the sole agent for the sale of units A and B on the 8/F and the 15/F to 21/F of Teda Building. The GFA of each floor is approximately 2,135 sq ft and the total area for sale is approximately 17,808 sq ft. They are available for strata-title sale and the asking price is HK$9,800 per sq ft.
Savills has been appointed the sole agent for the sale of units A and B on the 8/F and the 15/F to 21/F of Teda Building. The GFA of each floor is approximately 2,135 sq ft and the total area for sale is approximately 17,808 sq ft. They are available for strata-title sale and the asking price is HK$9,800 per sq ft.
Built in 1996, Teda Building is a 22-storey commercial building, conveniently located at 87 Wing Lok Street, Sheung Wan, next to Cosco Tower, a Grade A office building, near Sheung Wan MTR Station and only a few minutes away from Central.
Allan Chan, Associate Director Investment of Savills said, “There have been a number of hotels and serviced apartments opening up in Sheung Wan recently, such as The Jervois, 99 Bonham and Holiday Inn Express Hong Kong Soho. This has changed the character of Sheung Wan tremendously and has helped attract investors and end users to invest in the area.” Meanwhile, the rental rate for the same category building in the area is at least HK$30 per sq ft, and thus it offers huge potential in the rental market.