International real estate firm Savills is delighted to announce the successful completion of the transaction of No. 5 Lok Yi Street, Siu Lam, Tuen Mun (the "Property") with a transaction price of HK$122 million. The buyer is an educational institution. The Property is a four-storey commercial building with a site area of approximately 21,528 square feet and a total approved gross floor area of approximately 52,122 square feet.
The Property features a basement and a rooftop car park. The basement to the upper ground floor provide retail floor space, with a swimming pool located on the rooftop. The location offers a high level of privacy while remaining easily accessible and is situated close to Harrow International School Hong Kong. A wide array of amenities is available within approximately 5 to 10 minutes’ drive, including Gold Coast Piazza, local markets and the Sam Shing Hui Seafood Market. The Hong Kong International Airport and the Shenzhen Bay Port are also reachable within about 20 minutes by car, providing comprehensive connectivity and well-rounded lifestyle conveniences in the area.
Mr. James Siu, Deputy Managing Director, Head of Kowloon of Savills said, “In this transaction, the buyer, an educational institution, acquired the Property for its own operational use, reflecting the continued strong momentum of Hong Kong’s education sector. In recent years, an increasing number of educational institutions have actively purchased their own premises to enhance long‑term operational stability and strengthen their brand presence in the local market. We are pleased to have facilitated this transaction and anticipate that more institutions will continue to seek suitable properties as their operations expand in the future.”