International real estate firm Savills is appointed as the joint sole agent for the sale of 9th Floor of the Far East Finance Centre ("The Property"). The property has a gross area of approximately 10,800 square feet and is being sold in vacant possession.
The Property a renowned commercial landmark building and is situated above the Admiralty MTR Station, which connects four lines, allowing for quick access to Lo Wu and Lok Ma Chau stations, providing significant transportation advantages. The unit for sale offers a view of Victoria Harbour and is directly opposite the HKSAR Government Headquarters. It is also connected via bridges to numerous Grade A office buildings, shopping malls, and five-star hotels in the vicinity, ensuring comprehensive dining and commercial amenities.
Mr. Raymond Wan, Chief Senior Director, Investment, Savills Hong Kongsaid, “The asking price per square foot for the property being sold is approximately HKD 25,000, and the layout is practical and efficient, ensuring a high usable area. With the latest policy address from the government, the HKMA will relax mortgage loan conditions for both residential and non-residential properties, adjusting the maximum loan-to-value ratio to 70% and the maximum debt servicing ratio to 50%. This presents a valuable opportunity for potential buyers, whether for personal use or investment, that should not be missed.”
Mr. Sanford Yeung, Director, Capital Markets, Knight Frank Hong Kongsaid, “Compared to other stratified office buildings for sale in Admiralty, the availability of full-floor units in the Far East Finance Centre is relatively limited, making this selling opportunity quite rare. As the rental rates and prices for office spaces in the core areas of Admiralty and Central continue to rise, sale prices are gradually stabilizing. It is evident that government agencies, banks, and investors are taking this opportunity to acquire high-quality office spaces for personal use or investment.”