Over 85% of first batch of 23 WCH Grade A office units sold
The sale amounted to over $700m.
More than 85% of the first batch of units of the Grade A office building at 23 Wong Chuk Hang Road (WCH) has been sold, generating over $700m.
In a statement, Ken Lee, Assistant Vice President, Investments, Rykadan Capital Asset Management said 55 of the 65 units available for sale were sold in the first round.
The average price of the units sold was between $14,200 per square foot (sq ft.), with one unit priced at $16,300 per sq ft.
READ MORE: Vacancy in HK Grade A offices dip 0.2 pp to 15.1% QoQ
JLL said the newly completed premium commercial development has a total of 27 storeys with a Grade A office standard floor plat ranging from 747 sq ft. to 1,327 sq ft.
The property developed by Rykandan Capital Asset Management also has an extra high floor-to-floor height of 4.75 metres, making it flexible and suitable for various purposes, JLL said.
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