Press release
CBRE Appointed as Sole Agent for Public Tender Sale of No. 155-157 Waterloo Road, Kowloon Tong
September 15, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE has been appointed by the owner as sole agent for the public tender sale of No. 155-157 Waterloo Road, Kowloon Tong (the “Property”). The Property will be sold on an “as-is” vacant possession basis, with the tender closing at 12:00 noon on Thursday, 27 November 2025.
The Property is located at the junction of Waterloo Road and Junction Road, with a frontage of approximately 122 ft. along Waterloo Road. It is adjacent to Hong Kong Baptist Hospital and Hong Kong Baptist University, and backs onto Kowloon Tong Garden Estate Playground. It is within walking distance to Kowloon Tong MTR Station and the Festival Walk shopping mall, offering a tranquil yet highly accessible location.
The total site area is approximately 18,892 sq. ft. Currently, the site comprises two 2-storey buildings with around 8,000 sq. ft. of outdoor space, providing parking for multiple vehicles. The site is zoned “Residential (Group C) 1”, allowing redevelopment at a plot ratio of 0.6, with a maximum gross floor area of 11,335 sq. ft. (plus a basement carpark). Upon redevelopment, the site could offer over 13,000 sq. ft. of private outdoor space, suitable for various amenities and ample parking, making it a prestigious opportunity.
Avan Pau, Senior Director of Capital Markets at CBRE Hong Kong, commented: “This site, with over 18,000 sq. ft., is an extremely rare offering in Kowloon Tong. It is regular-shaped, highly versatile, and offers strong redevelopment potential. Its prime location near Hong Kong Baptist University and City University of Hong Kong, and just minutes from Kowloon Tong MTR Station, adds to its appeal. With proximity to Lion Rock Tunnel, border crossings are reachable within 30 minutes. Independent lots in Kowloon Tong are highly sought-after, typically held by long-established families and end-users, and rarely available for sale. Recent transactions in the area include: No. 15 Kent Road, sold in July 2025 for approximately HK$187 million, with a saleable area of $5,861 sq ft, translating to HK$31,905 per sq. ft.; No. 31 Cumberland Road, sold in July 2025 to a Mainland buyer for HK$208 million, with a saleable area of 5,094 sq ft, at HK$40,832 per sq. ft. The indicative price for the Property is HK$320 million, which equates to approximately H$28,231 per sq. ft. based on the maximum buildable area of 11,335 sq ft. This is the first time the owner is offering the Property for public tender after nearly 20 years of self-use. It is ideal for renovation or redevelopment for self-use, and is expected to attract strong market interest.”
For further details, please contact: Mr. Avan Pau Senior Director, Capital Markets, CBRE Hong Kong (Tel: +852 9836 9656) or Mr. Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong (Tel: +852 9013 3319)
Property Advertising Numbers: CBRE-CM-ADV-5453
The Property is located at the junction of Waterloo Road and Junction Road, with a frontage of approximately 122 ft. along Waterloo Road. It is adjacent to Hong Kong Baptist Hospital and Hong Kong Baptist University, and backs onto Kowloon Tong Garden Estate Playground. It is within walking distance to Kowloon Tong MTR Station and the Festival Walk shopping mall, offering a tranquil yet highly accessible location.
The total site area is approximately 18,892 sq. ft. Currently, the site comprises two 2-storey buildings with around 8,000 sq. ft. of outdoor space, providing parking for multiple vehicles. The site is zoned “Residential (Group C) 1”, allowing redevelopment at a plot ratio of 0.6, with a maximum gross floor area of 11,335 sq. ft. (plus a basement carpark). Upon redevelopment, the site could offer over 13,000 sq. ft. of private outdoor space, suitable for various amenities and ample parking, making it a prestigious opportunity.
Avan Pau, Senior Director of Capital Markets at CBRE Hong Kong, commented: “This site, with over 18,000 sq. ft., is an extremely rare offering in Kowloon Tong. It is regular-shaped, highly versatile, and offers strong redevelopment potential. Its prime location near Hong Kong Baptist University and City University of Hong Kong, and just minutes from Kowloon Tong MTR Station, adds to its appeal. With proximity to Lion Rock Tunnel, border crossings are reachable within 30 minutes. Independent lots in Kowloon Tong are highly sought-after, typically held by long-established families and end-users, and rarely available for sale. Recent transactions in the area include: No. 15 Kent Road, sold in July 2025 for approximately HK$187 million, with a saleable area of $5,861 sq ft, translating to HK$31,905 per sq. ft.; No. 31 Cumberland Road, sold in July 2025 to a Mainland buyer for HK$208 million, with a saleable area of 5,094 sq ft, at HK$40,832 per sq. ft. The indicative price for the Property is HK$320 million, which equates to approximately H$28,231 per sq. ft. based on the maximum buildable area of 11,335 sq ft. This is the first time the owner is offering the Property for public tender after nearly 20 years of self-use. It is ideal for renovation or redevelopment for self-use, and is expected to attract strong market interest.”
For further details, please contact: Mr. Avan Pau Senior Director, Capital Markets, CBRE Hong Kong (Tel: +852 9836 9656) or Mr. Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong (Tel: +852 9013 3319)
Property Advertising Numbers: CBRE-CM-ADV-5453
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.