CBRE Appointed as Sole Agent for the Sale of No. 127 Kweilin Street, Sham Shui Po – High-Yield Corner Building at MTR Exit with Strong Repositioning Potential

CBRE has been appointed as the sole agent for the sale of No. 127 Kweilin Street, a rare en bloc composite building prominently positioned directly opposite Sham Shui Po MTR Station Exit C2. The property is being offered for sale by Private Treaty, with an expected entry yield of over 5%.

Located in one of the busiest intersections in the district at the corner of Kweilin Street and Apliu Street, the property enjoys uninterrupted visibility and benefits from strong footfall at all hours of the day. The property offers a gross floor area of approximately 3,822 sq. ft., comprising high performing ground-floor shops with stable rental income and consistently strong returns, while the upper-floor residential units attract a wide mix of tenants, including students, due to the district’s convenient connectivity and robust leasing demand. The corner-site enhances the property’s long-term appeal, presenting a level of exposure and accessibility that is rarely available in the Sham Shui Po market.

In addition to its immediate income-generating capacity, the property holds significant future redevelopment potential, with the possibility of amalgamating adjoining lots to unlock a larger redevelopment plan. This positions the asset as a compelling opportunity for investors seeking both stable cashflow and longer-term value creation in a district undergoing rapid transformation. 

Frederick Lai, Senior Director of Capital Markets, CBRE Hong Kong, commented that “Sham Shui Po is emerging as one of Kowloon’s most dynamic neighbourhoods, and properties with direct MTR frontage such as No. 127 Kweilin Street have become increasingly scarce. CBRE has maintained a leading role in the living-sector investment market. In 2025, the CBRE Capital Markets team successfully transacted seven en bloc tenement buildings in Kowloon, representing the majority of similar transactions recorded in the district. The broader living sector also remained highly active, with 23 transactions totaling over HK$7 billion completed across developers, institutional investors and private buyers during the year. Assets situated near MTR stations and educational institutions have consistently ranked among the most sought-after due to their defensive yield profiles and value add potential – No. 127 Kweilin Street will be no exception.”

Simon Yu, Associate Director of Capital Markets, CBRE Hong Kong, added “The property is particularly appealing to investors who are looking for high return and long-term value-add opportunities, thanks to the resilient rental demand and proximity to transportation and educational hubs – the property is only 20-minute travel from the City University of Hong Kong, The Hong Kong Polytechnic University, Hong Kong Baptist University and Hong Kong Metropolitan University, coupled with the property’s corner positioning, strong tenant mix and consolidation potential.”


For inquiries about the property details, please contact Simon Yu, Associate Director of Capital Markets  (T: +852 9685 8365 | S-414452) or Frederick LAI, Senior Director of Capital Markets (T: +852 9194 5323 | S-416744), CBRE Hong Kong.


Property Advertising Number: CBRE-CM-ADV5006