International real estate firm Savills has been appointed as the sole agent for the sale of 18/F and 19/F (with 6 car parking spaces), C-Bons International Center, No.108 Wai Yip Street, Kwun Tong, Kowloon ("The Property"). The two floors have a total gross area of approximately 33,668 square feet and can be sold separately. The Property is sold on as-is basis and with existing tenancies. The closing date for sealed-bid by invitation is scheduled for noon on 29 April 2025 (Tuesday).
The Property is located in the CBD2 and is a waterfront Grade A office building with three expansive sides, offering stunning views of the Victoria Harbour and the Kai Tak Cruise Terminal. Each floor has a gross area of over 16,800 square feet, with a high whole-floor efficiency rate close to 80%, providing an ideal and flexible office space for businesses. The floor-to-ceiling height is approximately 2.7 meters, and the building is well equipped with fan-coil central air-conditioning system, raised floor system, and fully integrated metal ceiling, ensuring a comfortable working environment for tenants. Additionally, the Property boasts a prime location, just about a 5-minute walk to the Ngau Tau Kok MTR Station.
Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kong said, “The indicative price per square foot for the Property is approximately HKD 8,800, and it is to be sold with existing tenancies of well-known international brands, providing immediate returns for buyers. Taking the latest transaction in the same building as reference, the 21/F along with 3 car parking spaces was sold for HKD 232.5 million in 2023, at a unit price of about HKD 13,900. In comparison to this transacted floor, the Property is on a similar level of floors but is up for sale at a significantly lower price, making it a great opportunity for end-users and investors to enter the market.”