Shopping mall Concord Square now on sale via public tender. Photo from: CBRE.

Up for sale: Concord Square in Tsuen Wan

The property sale will be via public tender until 29 July at 12 noon.

Concord Square, a shopping mall located on 88 Chuen Lung Street in Tsuen Wan, will be on sale through public tender until 29 July 2022, real estate firm, CBRE, said.

According to the company, the mall has over 163,500 square feet of floor area and around 91 car parking spaces.

The mall offers space for large events and unique tenant types, with its third floor providing around 11,266 square feet of leisure space.

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CBRE also said there is high foot traffic in Concord Square as it is located at the heart of Tsuen Wan, near Tai Uk Street, Chuen Lung Street and San Tsuen Street.

Also, two exits of the mall are connected to the main street of Sha Tsui Road and Citywalk 1, which allows connectivity across the neighbourhood.

Reeves Yan, executive director of head of capital markets at CBRE Hong Kong, said the asset under tender sale is at an attractive below-the-market-price level, which will be sold as-is. Yan added that the mall offers great value-add opportunities for potential buyers.

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