International real estate firm Savills has been appointed as the sole agent for the sale of whole floor of 9/F and 10/F, Four Seas Group Centre, No.41 King Yip Street, Kwun Tong, Kowloon ("The Property"). The Property involves two levels of office floors, with a total gross area of approximately 32,978 square feet and to be on as-is basis with vacant possession.
Four Seas Group Centre is located in Hong Kong's CBD2 and was completed in 2023. The building is equipped with nine high-speed elevators and comprehensive 5G network coverage. Each floor has a gross area of approximately 16,489 square feet, with a usable rate of up to 70%. The floor-to-floor height is about 4 meters, with a floor loading of approximately 5 kPa and some floors offer sea views of Lei Yue Mun.
Additionally, it is about an 8-minute walk to Kwun Tong Station, with multiple bus routes available along the way, and is close to the Kwun Tong Bus Terminus and Ferry Pier, providing convenient transportation. The Property is located next to the revitalized Tsui Ping Riverside Promenade, where the expansive green space adds vitality and liveliness, offering users a comfortable and efficient working environment, making it ideal as a corporate headquarters.
Mr. Peter Yuen, Managing Director of Investment at Savills Hong Kongsaid, “The indicative price per square foot for the Property is approximately HKD 6,000. If we use the latest transactions in the same building as a reference, some units on the 31st and 21st floors were sold in 2024 for about HKD 205 million, at a unit price of approximately HKD 8,226. In comparison, the indicative price for the Property is more reasonable, making it a good opportunity for both end-users and investors to enter the market.”