CBRE Appointed as the Sole Agent for the Sale of 1/F to 3/F, Sun Ying Industrial Centre, No. 9 Tin Wan Close, Aberdeen

CBRE has been appointed as sole agent for the sale of 1/F to 3/F, Sun Ying Industrial Centre, located at No. 9 Tin Wan Close, Aberdeen, Hong Kong (the “Property”). The Property is being offered for sale on an “as-is” basis via an Expressions of Interest (EOI) process, closing at 12 noon on Wednesday, September 24, 2025, with an indicative price of HK$180 million (approximately HK$3,297 per sq. ft. based on the approved gross floor area). 

Currently operating as a fully-fitted automotive service centre for a luxury car brand, the Property presents an exceptionally rare investment opportunity. With its well-maintained facilities and premium specifications, it is also an ideal choice for the ultimate car collector seeking a private, top-tier garage of unparalleled quality for their prized vehicle collection. 

Totalling about 54,588 sq. ft. gross floor area, all three floors are accessible by multiple large car lifts, including an extra-large car lift exclusively serving 1/F and 2/F. The Property also boasts high ceiling heights ranging from 4.2m to 4.6m, and high floor loading from 7.5kpa to 10kpa, premium specifications flexible for heavy-duty operations. Strategically located in Aberdeen—within 10-15 mins drive from Central, Causeway Bay and Southern District—the Property enjoys locational advantages and seamless traffic connectivity to the core business districts on Hong Kong Island, luxury home neighbourhoods in Western and Southern districts on the Hong Kong Island.

With Hong Kong’s commitment to achieving zero-carbon emissions by 2050, the government has been actively promoting the adoption of Electric Vehicles (EVs). In 2024, EV registrations in the city reached 33,206 units, marking a year-on-year growth of 44%. Notably, Chinese EV brands have nearly doubled their market share in Hong Kong to 30% as of June 2024, leveraging the city as a prime testing ground for international expansion in right-hand-drive markets. 

Frederick Lai, Senior Director of Capital Markets at CBRE Hong Kong, commented: “The last whole-floor sale at Sun Ying Industrial Centre was recorded almost 10 years ago in November 2016 for 4/F and 5/F (with shared car lift access), transacting at HK$74 million, equivalent to HK$2,942 per sq. ft. The most recent sale was in August 2023 for 19/F Units A-B & 17/F Units D-E (no car lift access), which sold for HK$39 million, equivalent to HK$4,800 per sq. ft. High quality industrial properties with exclusive car lifts for sale are outstandingly rare in the market, particularly on Hong Kong Island. Coupled with a low-interest-rate environment, the Property serves as a strategic asset as a private facility for investors to secure their luxury automotives or high-value collections.” 

Stanley Yu, Senior Director, Industrial & Logistics Services at CBRE Hong Kong said: “This Property’s exceptional infrastructure positions it perfectly for branded automotive groups or dealers seeking a flagship 4S service centre on Hong Kong Island. Whether for self-use or investment, it offers unparalleled potential to capture leasing and investment demand in the rapidly growing EV market.” 

For any additional details about the Property, please contact Mr. Frederick Lai, Senior Director (Tel: +852 9194 5323), Mr. Stanley Yu, Senior Director (Tel.: +852 9326 6823) or Mr. Jonathan Yip, Manager (Tel: +852 6096 2237), of CBRE Hong Kong. 

Property Advertising Number: CBRE-CM-ILS-1002