Press Release
CBRE Appointed as the Sole Agent For the Sale of Nos 39-43 Tai Nan Street, Kowloon
June 8, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE has been appointed as the sole agent for the sale of a prime property located at No. 39-43 Tai Nan Street, Prince Edward, Kowloon, with over 90% ownership consolidated. The latest indicative price is approx. HK$90 million, which is equivalent to approx. HK$8,870 per sq. ft. The tender closing date is set for Monday, July 21, 2025.
The property occupies a site area of approx. 2,895 sq. ft. and comprises six floors. The ground floor is currently leased to a restaurant, while the upper floors are fully let to a well-known student hostel. The total gross floor area is approx. 10,142 sq. ft. It is conveniently located about a 5-minute walk from Prince Edward MTR Station and is surrounded by several student accommodations.
Mr. Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong, commented: "In recent years, Hong Kong has been actively positioning itself as an international hub for higher education. The quota for non-local students has doubled, prompting many universities to acquire additional campus facilities and set up education centre and student hostels. Furthermore, the influx of high-caliber talent has increased demand for school placements for their children. Amidst market adjustments, investors are actively buying entire buildings and redevelop them into student hostels, which offer stable rental returns. In 2024, there were 14 such en-bloc transactions, and 11 have already been recorded in the first five months of this year. With good market strategy after buying the property, the returns could exceed those of traditional residential leasing by more than double.”
For further information regarding the Property, please contact Mr. Sam Mock, Executive Director (Tel: +852 9013 3319) or Mr. Reeves Yan, Executive Director (Tel: +852 9463 9892) of Capital Markets, CBRE Hong Kong.
Property Advertising Number: CBRE-CMHK-5351
The property occupies a site area of approx. 2,895 sq. ft. and comprises six floors. The ground floor is currently leased to a restaurant, while the upper floors are fully let to a well-known student hostel. The total gross floor area is approx. 10,142 sq. ft. It is conveniently located about a 5-minute walk from Prince Edward MTR Station and is surrounded by several student accommodations.
Mr. Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong, commented: "In recent years, Hong Kong has been actively positioning itself as an international hub for higher education. The quota for non-local students has doubled, prompting many universities to acquire additional campus facilities and set up education centre and student hostels. Furthermore, the influx of high-caliber talent has increased demand for school placements for their children. Amidst market adjustments, investors are actively buying entire buildings and redevelop them into student hostels, which offer stable rental returns. In 2024, there were 14 such en-bloc transactions, and 11 have already been recorded in the first five months of this year. With good market strategy after buying the property, the returns could exceed those of traditional residential leasing by more than double.”
For further information regarding the Property, please contact Mr. Sam Mock, Executive Director (Tel: +852 9013 3319) or Mr. Reeves Yan, Executive Director (Tel: +852 9463 9892) of Capital Markets, CBRE Hong Kong.
Property Advertising Number: CBRE-CMHK-5351
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.