En-bloc commercial building in Central-Sheung Wan CBD for sale

The property is well-suited for student housing in line with government policy.

299 QRC, an en-bloc commercial property located at 287-299 Queen's Road Central, Sheung Wan is for sale.

The 24-storey property offers approximately 94,417 sq ft of gross floor area and is just a four-minute walk from Sheung Wan MTR station.

According to sole agent JLL, the building presents flexible redevelopment potential, including use as a corporate headquarters, flagship retail outlet, hotel, or educational facility. The property’s floor plates, ranging from 2,852 to 6,002 sq ft, also make it well-suited for student housing in line with current government policy.

JLL said the government actively promotes Hong Kong as an international education hub, attracting both local and overseas students to study and develop in the city, with demand for student housing growing rapidly.

In July, the Hostels in the City scheme was launched, which streamlined development control procedures to encourage conversion of commercial buildings into student hostels on a self-financing, privately funded basis.