International real estate firm Savills has been appointed by the Government of Malaysia as the sole agent for the international public tender sale of Malaysia Building, 50 Gloucester Road, Wan Chai ("The Property"). The Property is a prestigious commercial asset located in one of Asia's most coveted business districts, with potential naming rights and exterior signage benefits. The site area is approximately 8,666 square feet, with a total gross floor area of around 129,950 square feet. The Property will be sold on an “as-is” basis with partially vacant and partially with existing tenancies. The international public tender closing date set at 12:00 noon (HKT) on Monday, 3rd November 2025.
Strategically located directly facing Gloucester Road—one of Hong Kong’s busiest thoroughfares—the Property enjoys exceptional visibility with approximately 70 feet of street frontage. Comprising 27 floors, G/F to 3/F are designated for retail use, offering gross floor area of approximately 7,254 to 7,517 square feet, while the 4/F to penthouse office units ranging from 3,001 to 4,490 square feet. Mid to upper floors boast the views of Victoria Harbour. Just a 4 to 8-minute walk from Wan Chai MTR Station, the Hong Kong Convention and Exhibition Centre, five-star hotels, and major government buildings, the Property also offers swift access to Admiralty’s financial hub and Causeway Bay’s luxury retail district, making it a prime location with superb connectivity.
Mr. Frank Marriott, Head of Regional Investment Advisoryat Savills Hong Kongsaid, “Malaysia Building presents a rare commercial opportunity in Hong Kong's core business district, offering the added value of potential naming rights and exterior advertising potential. As part of a global long-term portfolio optimization strategy and relocation of Consulate General of Malaysia in Hong Kong to enhance service delivery, the current owner is releasing this landmark property to the market, creating a golden gateway for investors to access Hong Kong's highly competitive commercial market or for end-users to establish their corporate headquarters—an exceptionally rare opportunity that seldom becomes available.”
Mr. Eric So, Director of Regional Investment Advisory at Savills Hong Kongstated, “This offering presents exceptional redevelopment and repositioning flexibility, allowing investors to fully capitalize on the property's Victoria Harbour views and unlock its maximum value potential for superior investment returns. With Wan Chai's waterfront district poised for transformative growth under upcoming urban development plans, the property represents a rare investment proposition—whether as a long-term hold or a redevelopment opportunity—that discerning investors or users cannot afford to overlook.”