Press release
CBRE Appointed as Sole Agent for Sale of Prime Street Shops and Parking Spaces in Kwun Tong Business Area
July 14, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE Capital Markets has been appointed by the receiver as the sole agent for the sale of five ground floor retail units and twelve car parking spaces on the 5/F of COS Centre (the “Property”), at No. 52-56 Tsun Yip Street, Kwun Tong, via public tender. The Property will be sold on an “as-is” basis, with some units subject to existing tenancies and others with vacant possession. The tender deadline is 12:00 noon on Thursday, 28 August 2025.
Located in the heart of Kwun Tong’s commercial district, COS Centre is surrounded by major office towers and the APM shopping mall. The property is home to a wide range of restaurants, making it a popular dining spot for office workers in the area. The five retail units for sale have a total gross floor area of 18,637 sq. ft., with individual unit sizes ranging from 620 sq. ft. to 8,900 sq. ft. and available for individual or collective sale.
Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong said: “Hong Kong’s investment market has shown positive signs, driven by lower HIBOR and improved sentiment in the stock market, which has led to more active property transactions. Properties offering immediate rental income are particularly attractive to investors, with transaction volumes rising significantly. Recently, we’ve seen several major retail property deals, such as the Hong Kong Housing Society selling four shops for HK$150 million, and both Emperor Group and the Ma Ah Muk’s family selling retail properties in residential areas in Western district on Hong Kong Island. Looking ahead to the second half of this year, investors are expected to remain active in seeking quality assets. Properties sold by receivers are typically priced below market value, making them even more appealing to buyers. This tender sale, initiated by the receiver, reflects a strong intention to sell and offers flexibility through the option of separate sales. We believe this will attract a broader range of investors, including both those seeking rental income and end-users who are interested in the retail units.”
For any enquiries regarding this Property, please contact Reeves Yan, Executive Director, Head of Capital Markets (tel: +852 9463 9892) or Churchill Keung, Assistant Manager, Capital Markets (tel: +852 6679 2298), CBRE Hong Kong.
Property Advertising Number: CBRE-CM-ADV5384
Located in the heart of Kwun Tong’s commercial district, COS Centre is surrounded by major office towers and the APM shopping mall. The property is home to a wide range of restaurants, making it a popular dining spot for office workers in the area. The five retail units for sale have a total gross floor area of 18,637 sq. ft., with individual unit sizes ranging from 620 sq. ft. to 8,900 sq. ft. and available for individual or collective sale.
Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong said: “Hong Kong’s investment market has shown positive signs, driven by lower HIBOR and improved sentiment in the stock market, which has led to more active property transactions. Properties offering immediate rental income are particularly attractive to investors, with transaction volumes rising significantly. Recently, we’ve seen several major retail property deals, such as the Hong Kong Housing Society selling four shops for HK$150 million, and both Emperor Group and the Ma Ah Muk’s family selling retail properties in residential areas in Western district on Hong Kong Island. Looking ahead to the second half of this year, investors are expected to remain active in seeking quality assets. Properties sold by receivers are typically priced below market value, making them even more appealing to buyers. This tender sale, initiated by the receiver, reflects a strong intention to sell and offers flexibility through the option of separate sales. We believe this will attract a broader range of investors, including both those seeking rental income and end-users who are interested in the retail units.”
For any enquiries regarding this Property, please contact Reeves Yan, Executive Director, Head of Capital Markets (tel: +852 9463 9892) or Churchill Keung, Assistant Manager, Capital Markets (tel: +852 6679 2298), CBRE Hong Kong.
Property Advertising Number: CBRE-CM-ADV5384
About CBRE Group, Inc
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.