CBRE Appointed as Sole Agent for Sale of The Quay, No. 411 Chatham Road North, Hung Hom, Kowloon

CBRE has been appointed by the owner as sole agent for the sale of The Quay, No. 411 Chatham Road North, Hung Hom, Kowloon. The property value is estimated to be approx. HK$200 million. The entire building has an approved gross floor area of approx. 17,451 sq. ft., comprising 54 units, which translates into estimated market value of HK$2 million per unit. 

Located at the heart of several major universities in Hong Kong, The Quay is a 5-minute drive to Hong Kong Metropolitan University and 6 minutes to The Hong Kong Polytechnic University. The property is situated right in front of the bus stop on Pak Kung Street, Hung Hom, with multiple bus routes connecting to various districts across Hong Kong, Kowloon, and the New Territories, providing great access to tertiary institutions. The property was completed in 2019, and the site area is approx. 1,970 sq. ft. The property is a 21-storey residential building with one retail shop on G/F, a shared living space on the 1/F, and residential units from 3/F to 25/F. It houses 54 studio units with a total gross floor area of approx. 17,451 sq. ft.

Darren Yan, Associate Director, Capital Markets, CBRE Hong Kong, said: “The government is actively enhancing the ‘Study in Hong Kong’ brand. According to government data, there are around 192,000 full-time tertiary students in the 2024/25 academic year, with approximately 80,000 non-local students. However, there are only about 44,000 dormitory units available. Given the rising trend in non-local full-time student enrollment, there is a clear shortage of student hostels in Hong Kong. While the recently announced ‘Hostels in the City’ Scheme will help address the shortage of student housing, The Quay is adjacent to The Hong Kong Polytechnic University and Hong Kong Metropolitan University, and within 30 minutes of other tertiary institutions. With great transport links and comprehensive facilities, it is highly attractive for student hostels operations. The property is a new, modern residential en-bloc that requires minimal refurbishment to begin operations, which is scarcely available in the market. It is expected to attract strong interest from operators and investors focused on the student housing sector.”

For further details, please contact Darren Yan, Associate Director (Tel: +852 6336 8384) or Churchill Keung, Assistant Manager (Tel: +852 6679 2298), Capital Markets at CBRE Hong Kong.

Property Advertising Numbers: CBRE-CM-ADV5464