Press Release
CBRE Appointed As Sole Agent for the Sale of M1 North Point Hotel via Expression of Interest (EOI)
June 17, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE has been appointed as the sole agent by the owner for the sale of M1 North Point Hotel, No. 112, Chun Yeung Street, North Point, Hong Kong, via an Expression of Interest (EOI). The latest asking unit price is approximately HK$7,670 per sq. ft., with a total asking price of approximately HK$232 million. The deadline for offer submission is 12:00nn, July 15, 2025 (Tuesday).
The subject is a 28-storey property with the rooftop (excluding 4/F, 14/F and 24/F). It has a gross floor area of approximately 30,224 sq. ft., based on the plot ratio. The hotel features a lobby and front desk on the ground floor and offers a total of 92 guest rooms from the first floor upwards. The interior is well-maintained and in good condition. Investors may consider making minor modifications to convert the property into student or staff accommodation. The hotel is currently in operation, and according to the owner, the average occupancy rate is approximately 99% (not verified), providing investors with a stable rental income. Strategically located just 3–5 minutes from North Point MTR Station, the property is adjacent to several branches and teaching centres of tertiary education institutions, including the North Point Study Centre of The Education University of Hong Kong, the Fortress Tower Learning Center, the Island East Campus of HKU SPACE, and Hong Kong Shue Yan University. For investors targeting the student accommodation market, the area offers a reliable source of potential tenants. The location is highly attractive to students, both for commuting and daily living needs. Additionally, the property is close to core business districts on Hong Kong Island, such as Taikoo Place, which is only one MTR stop away or a little over ten minutes on foot. With its convenient transportation and prime location, the project has attracted significant interest from commercial users.
Daniel Mok, Senior Director, Capital Markets, CBRE Hong Kong said: “The government and tertiary education institutions are actively promoting Hong Kong as an international hub for post-secondary education. In the current market landscape, many local universities are expanding their facilities and setting up urban education centres and campuses. This is largely due to the increased enrollment cap for non-local students, which has doubled compared to previous academic years. Moreover, overseas students—particularly those from mainland China—are coming to Hong Kong to pursue world-class education and research opportunities. Policies such as the ‘Top Talent Pass Scheme’ have also attracted a large number of professionals to settle in Hong Kong, increasing demand for local degrees for their children. This trend is driving the development of educational infrastructure and related real estate. As a result, the property and investment market related to education and talent accommodation has become a focal point. Colleges, universities, and accommodation operators are increasingly interested in en-bloc hotel properties, which offer immediate usability, minimal renovation costs, and ease of management.”
Daniel Mok added: "The owner had received many inquiries from schools and end-users interested in long-term leases for student or staff accommodation. Given the strong market demand, the owner has decided to seek a suitable buyer to acquire the entire property at a reasonable price—ideally someone with a vision to upgrade and develop the hotel. Amid the improving market environment recently, CBRE has seen growing interest from investors looking to acquire high-quality hotel properties. The current asking price is considered affordable, which is under HK$8,000 per sq. ft., and the project has great potential for diversified development in the future, such as commercial operations and educational purposes. We believe this represents an excellent opportunity for investors to enter the market, and the future development of the property is highly anticipated across various sectors.”
For any enquiries regarding this Property, please contact Daniel Mok, Senior Director (tel: +852 6072 6980) or Murphy Dik, Associate Director (tel: +852 9819 4953), Capital Markets, CBRE Hong Kong.
Property Advertising Number: CBRE-CM-ADV5466
The subject is a 28-storey property with the rooftop (excluding 4/F, 14/F and 24/F). It has a gross floor area of approximately 30,224 sq. ft., based on the plot ratio. The hotel features a lobby and front desk on the ground floor and offers a total of 92 guest rooms from the first floor upwards. The interior is well-maintained and in good condition. Investors may consider making minor modifications to convert the property into student or staff accommodation. The hotel is currently in operation, and according to the owner, the average occupancy rate is approximately 99% (not verified), providing investors with a stable rental income. Strategically located just 3–5 minutes from North Point MTR Station, the property is adjacent to several branches and teaching centres of tertiary education institutions, including the North Point Study Centre of The Education University of Hong Kong, the Fortress Tower Learning Center, the Island East Campus of HKU SPACE, and Hong Kong Shue Yan University. For investors targeting the student accommodation market, the area offers a reliable source of potential tenants. The location is highly attractive to students, both for commuting and daily living needs. Additionally, the property is close to core business districts on Hong Kong Island, such as Taikoo Place, which is only one MTR stop away or a little over ten minutes on foot. With its convenient transportation and prime location, the project has attracted significant interest from commercial users.
Daniel Mok, Senior Director, Capital Markets, CBRE Hong Kong said: “The government and tertiary education institutions are actively promoting Hong Kong as an international hub for post-secondary education. In the current market landscape, many local universities are expanding their facilities and setting up urban education centres and campuses. This is largely due to the increased enrollment cap for non-local students, which has doubled compared to previous academic years. Moreover, overseas students—particularly those from mainland China—are coming to Hong Kong to pursue world-class education and research opportunities. Policies such as the ‘Top Talent Pass Scheme’ have also attracted a large number of professionals to settle in Hong Kong, increasing demand for local degrees for their children. This trend is driving the development of educational infrastructure and related real estate. As a result, the property and investment market related to education and talent accommodation has become a focal point. Colleges, universities, and accommodation operators are increasingly interested in en-bloc hotel properties, which offer immediate usability, minimal renovation costs, and ease of management.”
Daniel Mok added: "The owner had received many inquiries from schools and end-users interested in long-term leases for student or staff accommodation. Given the strong market demand, the owner has decided to seek a suitable buyer to acquire the entire property at a reasonable price—ideally someone with a vision to upgrade and develop the hotel. Amid the improving market environment recently, CBRE has seen growing interest from investors looking to acquire high-quality hotel properties. The current asking price is considered affordable, which is under HK$8,000 per sq. ft., and the project has great potential for diversified development in the future, such as commercial operations and educational purposes. We believe this represents an excellent opportunity for investors to enter the market, and the future development of the property is highly anticipated across various sectors.”
For any enquiries regarding this Property, please contact Daniel Mok, Senior Director (tel: +852 6072 6980) or Murphy Dik, Associate Director (tel: +852 9819 4953), Capital Markets, CBRE Hong Kong.
Property Advertising Number: CBRE-CM-ADV5466
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.