property for sale

Lands Department launches tender for Stanley site

The site has a maximum gross floor area of 44,615 sq m.

Lands Department launches tender for Stanley site

The site has a maximum gross floor area of 44,615 sq m.

Site in Kai Tak up for public tender

The site is designated for non-industrial purposes.

Basket of properties on Yen Chow Street sold for $100m

Bridgeway Prime Shop Fund and Owl Square Co-living acquired the properties.   Six retail shops and nine residential units at Kin Sun Building, Nos. 11-19 Yen Chow Street in West Kowloon were sold separately to two buyers for a total consideration of $100m, its marketing agent, JLL announced.   Bridgeway Prime Shop Fund acquired the retail shops for $70m, whilst Owl Square Co-living Founder Max Poon and AL Group Limited Chairman Laurence Chan got a hold of the residential units.   “All these six connecting corner shops with wide frontages are very rare in the area. With numerous residential redevelopment projects nearby, I am very optimistic about the price appreciation potential of this investment,” Edwin Lee, founder of Bridgeway Prime Shop Fund, said.   Accordion to Lee, the shops provide a passing yield of 3% and could achieve a yield of 5% when projects nearby the properties are completed.    Poon, for his part, said he will transform the nine residential units into “high quality and affordable living options for young professionals.”

Sha Tin lot to be launched for sale on Aug. 19

The site will be sold by public tender.

Property at Sun Chun Street up for public auction

The property has a reserve price of $588.7m.

Over 90% undivided shares of Tai Kok Tsui site on sale: CBRE

The 10-storey industrial building is on sale until 15 September.

Waterfront Site at Hoi Yu Street tender closing date moved to 25 July

The original closing date was 7 July.   The tender for The Remaining Portion of Inland Lot No. 8590 and The Remaining Portion of Inland Lot No. 8723 at Hoi Yu Street, Quarry Bay, was moved to noon of 25 July upon request of potential buyers.   Originally, the tender was to close on 7 July.   “We receive requests from most of the potential buyers demanding extra time to study the property thoroughly and make informed internal discussion,” CBRE, the property’s marketing agent, said.   CBRE said the property received interest from developers from Hong Kong and China, real estate investment trusts (REITs), institutional funds, family offices, and private investors.   The site for sale is expected to be developed into a large-scale mixed-use complex for commercial, leisure and tourism use.

Up for sale: Concord Square in Tsuen Wan

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