Savills News

Savills Appointed as Sole Agent for the Sale of a Mid-floor Whole-floor Office at Admiralty Centre

International real estate firm Savills has been appointed as the sole agent for the sale of a mid-floor whole-floor office at Admiralty Centre Tower 1, 18 Harcourt Road, Admiralty, Hong Kong ("The Property"). The Property has a gross area of 20,318 square feet and will be sold partly subject to existing tenancies and partly on an as-is basis with vacant possession.

The Property offers an efficient and well-proportioned layout. The office lobby, male and female restrooms and nursing room have all been comprehensively upgraded and refurbished, featuring modern, tasteful interiors. The unit boasts expansive sea and city views, providing an open and unobstructed outlook.

Strategically located directly above Admiralty MTR Station, the Property sits at the heart of a key four-line interchange, with seamless connectivity to a bus terminus and taxi stand, ensuring excellent transport accessibility. Located in the prime commercial district of Admiralty, the Property is surrounded by Grade A office towers, Pacific Place, luxury hotels and major government headquarters. The area offers a well-established business environment, attracting numerous multinational corporations and professional institutions, fully reflecting its exceptional location advantages.

Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kong said, “The Property has an indicative price of approximately HKD 16,000 per square foot. Amid the recent rebound in the office market sentiment, transaction activity in the district has become increasingly active. A nearby unit (Rooms 4703–04, Far East Finance Centre) was recently transacted at a high of HKD 25,668 per square foot, reflecting strong demand for quality assets.

In comparison, the pricing of the subject Property presents a clear value proposition, making it an attractive opportunity for forward-looking investors and owner-occupiers to capitalise on the current market conditions.”

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