International real estate firm Savills is appointed as the sole agent to sell the 10th floor of 9 Queen's Road Central, Hong Kong (the "Property"), following the successful transaction of the 29th floor of the same building for HK$310 million earlier. The Property has a total gross floor area of approximately 13,719 square feet and is available for sale in as-is basis and vacant possession.
Situated in the central business district of Central, 9 Queen's Road Central is a Grade-A commercial building that serves as a landmark in the area. The property enjoys a prime location, with its proximity to The Landmark, five-star hotels, premium office buildings, and renowned shopping malls, providing comprehensive dining and shopping amenities. It is just a few minutes' walk from the MTR Central and Hong Kong Stations, offering excellent transportation connectivity. The property also boasts open city views, allowing one to take in the vibrant Central cityscape.
Mr. Peter Yuen, Managing Director, Investment of Savills, stated, “The asking price for this sale property is approximately HK$22,000 per square foot, and it comes with an elegant fit-out, ready for immediate occupation. In comparison, the top floor (34th floor) of the same building was sold at around HK$60,000 per square foot during the market peak in 2018, setting a new local record for Grade-A office space at the time. However, the current price has dropped by around 60%, which represents an excellent investment opportunity. It is believed that the property can generate stable returns for investors.”
Mr. Raymond Wan, Chief Senior Director, Investment of Savills, said, “Grade-A office space supply in Central has been scarce over the years. The asking price per square foot for this property is comparable to the recent transaction on the 29th floor of the same building at 9 Queen's Road Central, where the buyer acquired the unit at around HK$22,500 per square foot for self-use. The highly attractive price per square foot, combined with the rarity of such a prime quality property being made available, presents an excellent golden opportunity for buyers to acquire this top-tier asset for investment or as a corporate headquarters.”