Press release
CBRE Appointed as the Sole Agent for the Sale of No. 20 Kimberley Street
March 11, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
By the Order of the Administrators, CBRE has been appointed as the sole agent for the sale of No. 20 Kimberley Street, Tsim Sha Tsui (the “Site”). The Site will be sold on “as-is” basis with vacant possession by Private Treaty and is subject to offer with an indicative price of HK$88 million (Accommodation Value: HK$5,200 per sq. ft.).
No. 20 Kimberley Street is a corner site of approximately 1,410 sq. ft., with a maximum commercial development potential of approximately 16,920 sq. ft. Plot Ratio GFA. Sitting in the heart of Tsim Sha Tsui, the buzzing and energetic neighbourhood immediately surrounding the Site hosts an eclectic mix of retail, entertainment, F&B and nightlife options and is a must-go, highly popular destination for locals and international tourists. The Site is only a short walk from Tsim Sha Tsui MTR Exit B2.
Reeves Yan, Head of Capital Markets, CBRE Hong Kong said: “It is very rare to see such a prime development site in the heart of Tsim Sha Tsui for sale. The most recent commercial en-bloc sale in Tsim Sha Tsui was completed by CBRE in June 2024 for the Popway Hotel, located at No. 117 Chatham Road South, transacting at HK$180 million (HK$7,331 per sq. ft.). The subject Site is priced very attractively at a manageable lump-sum of HK$88 million (Accommodation Value: HK$5,200 per sq. ft.), making this a highly coveted opportunity for an investor to own a prime piece in Tsim Sha Tsui.
Frederick Lai, Senior Director, Capital Markets, CBRE Hong Kong said: “Another potential opportunity is to combine the Site with the neighboring lot, No. 18 Kimberley Street, to form an amalgamated site of 2,810 sq. ft., providing a maximum commercial development potential of approximately 33,720 sq. ft. Plot Ratio GFA. The Site’s prime and convenient location makes it perfect for a boutique hotel development.”
For any additional details about the sole agency, please contact Mr. Frederick Lai, Senior Director (Tel: +852 9194 5323) or Mr. Joseph Wong, Associate Director (Tel.: +852 9752 4618).
Property Advertising Number: CBRE-CM-ADV3578
Photos are for reference only
No. 20 Kimberley Street is a corner site of approximately 1,410 sq. ft., with a maximum commercial development potential of approximately 16,920 sq. ft. Plot Ratio GFA. Sitting in the heart of Tsim Sha Tsui, the buzzing and energetic neighbourhood immediately surrounding the Site hosts an eclectic mix of retail, entertainment, F&B and nightlife options and is a must-go, highly popular destination for locals and international tourists. The Site is only a short walk from Tsim Sha Tsui MTR Exit B2.
Reeves Yan, Head of Capital Markets, CBRE Hong Kong said: “It is very rare to see such a prime development site in the heart of Tsim Sha Tsui for sale. The most recent commercial en-bloc sale in Tsim Sha Tsui was completed by CBRE in June 2024 for the Popway Hotel, located at No. 117 Chatham Road South, transacting at HK$180 million (HK$7,331 per sq. ft.). The subject Site is priced very attractively at a manageable lump-sum of HK$88 million (Accommodation Value: HK$5,200 per sq. ft.), making this a highly coveted opportunity for an investor to own a prime piece in Tsim Sha Tsui.
Frederick Lai, Senior Director, Capital Markets, CBRE Hong Kong said: “Another potential opportunity is to combine the Site with the neighboring lot, No. 18 Kimberley Street, to form an amalgamated site of 2,810 sq. ft., providing a maximum commercial development potential of approximately 33,720 sq. ft. Plot Ratio GFA. The Site’s prime and convenient location makes it perfect for a boutique hotel development.”
For any additional details about the sole agency, please contact Mr. Frederick Lai, Senior Director (Tel: +852 9194 5323) or Mr. Joseph Wong, Associate Director (Tel.: +852 9752 4618).
Property Advertising Number: CBRE-CM-ADV3578
Photos are for reference only
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.