International real estate firm Savills has been appointed as the sole agent for the sale of Gee Foo Commercial Building, No.19 Waterloo Road, Yau Ma Tei, Kowloon (the "Property"). The Property has a site area of approximately 1,380 square feet and a gross floor area of approximately 14,497 square feet. It can be sold on an as-is basis with vacant possession.
The Property is a commercial building featuring a ground-floor shop (approximately 1,330 square feet GFA) and office units spanning 1/F to 12/F (998 – 1,199 square feet GFA), offering spacious layouts with some upper-floor units commanding open city views. Strategically positioned opposite Yau Ma Tei MTR Station Exit D and adjacent to major thoroughfares, the Property enjoys unparalleled connectivity and high pedestrian flow. The vibrant neighbourhood provides comprehensive amenities, including diverse dining options, retail outlets, and financial institutions, delivering exceptional convenience for both business operations and lifestyle needs.
Mr. Derek Li, Associate Director, Kowloon Commercial Sales, Savills Hong Kong said, "The indicative price is approximately HKD 99 million, at HKD 6,828 per square foot. This property represents exceptional value as a rare Ginza-style commercial building in Yau Ma Tei. The entire building is available for sale, offering flexible space that can be adapted for diverse uses, including retail shops, serviced offices, or feasibility studies for complying with ‘Hotels in the City Scheme’, allowing for immediate renovation to enhance asset value post-acquisition.”