CBRE Appointed as the Sole Agent For the Sale of 10/F, No. 9 Queen's Road Central

Subsequent to the successful facilitation of a transaction of Units 2301-2303 at No. 9 Queen’s Road Central for HK$145 million, CBRE has been appointed as the Sole Agent for the sale of 10/F, No. 9 Queen's Road Central (the “Property”). The Property has a total gross floor area of approximately 13,719 sq. ft. and is available for sale with vacant possession on an “as-is” basis. The latest indicative price for the Property is approximately HK$250 million, with an indicative unit price of HK$18,222 per sq. ft. 

Zac Wong, Senior Director, Capital Markets, CBRE Hong Kong, said, “The Property is a premier Grade A office building located in the prestigious business district of Central. With its prime location and excellent transport connectivity, it has long been a preferred choice among end-users. The Property being offered this time is a whole-floor unit, which is exceptionally rare in this area. Featuring a luxurious interior fit-out, the Property is ready for immediate occupation and is ideally suited for use as a corporate headquarters or a premium investment asset. A recent notable transaction underscores the market vibrancy of the commercial real estate in Central – HKEX acquired nine office floors in One Exchange Square, along with additional space adjacent to HKEX Connect Hall at Levels 1 and 2 of the building, at a unit price of approximately HK$42,850 per sq. ft., for a total consideration of HK$6.3 billion. This transaction indicates the confidence of both investors and occupiers in Central’s dynamic and interconnected commercial ecosystem. The indicative unit price has been significantly reduced from approximately HK$22,000 to HK$18,222 per sq. ft. This highly attractive pricing, combined with the rarity of such a prime asset being offered to the market, presents a unique opportunity for both investors and end-users seeking premium office space in Central. It is anticipated that there would be strong interest from local and mainland buyers looking to capitalize on such opportunity.”

Zac Wong further stated, “The indicative unit price of the Property has dropped compared to three recent transactions at No. 9 Queen's Road Central in 2024, presenting an excellent investment opportunity. Related parties of Peter Law Kin Sang sold Units 2301-2303 for HK$145 million, at approximately HK$18,575 per sq. ft.; the DA ROSA family sold Unit 701 for HK$40 million, at approximately HK$22,663 per sq. ft.; and related parties of Mission Hills Group sold the entire 29/F for HK$310 million, at approximately HK$22,514 per sq. ft.”

For further information regarding the Property, please contact Mr. Zac Wong, Senior Director (Tel: +852 9583 4716) of Capital Markets, CBRE Hong Kong.

Property Advertising Number: CBRE-CM-ADV-5199

Photos are for reference only