The Car Park currently has 10 open spaces and 20 covered spaces, representing approximately 10% of the building's undivided shares.

Strategically located in the heart of Mong Kok East, the Car Park is within a 6-minute walk of Mong Kok East MTR Station and enjoys prominent frontage along Prince Edward Road West, one of Kowloon's major thoroughfares. Its excellent connectivity provides convenient access to Hong Kong Island, Kowloon and the New Territories, making it an attractive investment opportunity.

Mr. Russell Tang, Senior Manager of Kowloon Commercial Sales at Savills Hong Kong said, “The Car Park is being offered with an indicative price of approximately HKD30 million. Given that the building comprises only 36 residential units, the supply of parking spaces is relatively limited, underpinning strong demand from residents and occupiers in the area. Situated within the established prime residential district of Prince Edward Road West, the Car Park is expected to generate immediate rental income for the purchaser.

In addition, the Car Park accounts for approximately 10% of the building’s undivided shares. Beyond its income-generating potential through car park operations and leasing, it also presents investors with a long-term redevelopment opportunity should the building become the subject of future acquisition or redevelopment. Coupled with the flexibility of its permitted use and existing leasing arrangements, which are not subject to any significant restrictions, purchasers can adopt investment and asset management strategies that best suit prevailing market conditions.

For investors seeking stable recurring income while positioning for long-term capital appreciation and strategic asset allocation, this represents a rare investment opportunity in the market.”