International real estate firm Savills has been appointed as the sole agent for the sale of No. 83 Austin Road, Austin Plaza, Tsim Sha Tsui ("The Property"). The Property has a site area of 7,044 square feet. The site has an approximate area of 7,044 square feet, with a gross floor area of about 81,705 square feet. The property to be sold on as-is basis with partial vacant possession and partial existing tenancies. The express of interest submission deadline is scheduled at noon on 5 May 2026 (Tuesday).
The Property is a commercial building of approximately 23 storeys. The ground floor to the 10th floor are primarily designated for retail shops and restaurants, while the 11th to 23rd floors are for office use. Current tenants span a diverse range of sectors including healthcare, beauty, education, professional services and retail. With a healthy occupancy rate, the Property allows prospective buyers to secure a stable cash‑flow return as they plan for medium‑ to long‑term development.
The building enjoys unobstructed, open views of Kowloon Park and the Tsim Sha Tsui cityscape, with higher floors offering distant views of Victoria Harbour’s fireworks displays.
The Property is located in the heart of Kowloon, just a one‑minute walk from Jordan MTR Station and close to Austin Station and the West Kowloon High Speed Rail Station. It benefits from the strong pedestrian flow and commercial opportunities generated by this major interchange hub. The area is further supported by large‑scale mixed‑use developments and Grade‑A office clusters nearby, including the integrated complex atop Kowloon Station and the International Gateway Centre (IGC), which was completed in the fourth quarter of last year. These developments are expected to further stimulate demand for premium commercial and residential accommodation in the district.
Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kongsaid, “The supply of redevelopment-ready mixed-use sites in Tsim Sha Tsui is extremely limited, and Austin Plaza stands out with its prime location, prominent corner site, and proximity to the West Kowloon High Speed Rail Station. It is one of the few high‑quality redevelopment opportunities offered to the market in recent years.
The Property already complies with the relevant Lands Department and Town Planning Board requirements, meaning buyers will not need to submit additional applications. This significantly shortens the development timeline and allows for more precise risk management. Upon redevelopment, the project is expected to achieve a return of over 4%. For developers and long‑term investors looking to swiftly execute their development plans and capture the rare opportunity for new residential supply in the district, this is an exceptionally attractive proposition.”