CBRE Appointed as Sole Agent for the Public Tender Sale of a Prime Corner Commercial-Residential En-bloc in the Heart of Mong Kok

CBRE has been appointed as the sole agent for the public tender sale of the whole-block commercial residential property at No. 67–71 Argyle Street, Mong Kok. Located in a prime core district, the property occupies a rare large corner site with exceptional visibility, immediately adjacent to Exit D2 of MTR Mong Kok Station, benefiting from extremely high pedestrian traffic. The tender is tentatively scheduled to close at 12:00 noon on Wednesday, 27 May 2026.

Situated at the prime Argyle Street, the property enjoys the advantages of Mong Kok’s extensive transport network and comprehensive community amenities, making it a long favoured location for brands seeking a high traffic presence. Its highly prominent corner site maximizes footfall capture and strengthens visual exposure. The ground floor shop is currently leased to Futu Securities, which has installed a striking large LED advertising screen. The upper floor units also enjoy strong visibility and exceptional promotional value, appealing to tenants across various sectors.

Futu Securities’ tenancy and its installation of a large signage display highlight the importance major brands place on high exposure storefronts in core districts. Such locations support brand building, local market expansion, and enhanced customer engagement. With Hong Kong’s retail and commercial sectors continuing to recover, corner whole block assets near MTR exits and within prime commercial zones, especially those with strong advertising impact, are expected to attract increasing interest from international brands and major financial institutions.

In addition to stable rental income, the property offers significant medium  to long term capital appreciation and redevelopment potential. Its rare corner site advantage and strategic positioning within one of Hong Kong’s busiest commercial and retail hubs provide future investors the flexibility to undertake asset enhancement works or longer term redevelopment planning, subject to relevant government regulations and approval processes.

Reeves Yan, Executive Director and Head of Capital Markets, CBRE Hong Kong, said: “Market sentiment has continued to improve in recent months, with increasing enquiries and transactions involving major commercial assets and redevelopment sites in core districts. Several notable transactions have been recorded recently, including the sale of selected shops and the basement of Good Hope Building at No. 612–618 Nathan Road for approximately HK$83.2 million. In addition, Shop C, G/F, Cheung Kei Building, No. 4 Sai Yeung Choi Street South, has been leased for around HK$260,000 per month, equivalent to an average rent of HK$498 per sq. ft., with the new tenant being Korean beauty and contact lens brand OLENS. These transactions reflect improving demand for core assets with strong footfall and value add potential.
The subject property, located at a prime golden location in Mong Kok with exceptionally high advertising exposure, is expected to attract strong interest from corporate end users.”

For further details on the property, please contact Reeves Yan Executive Director, Head of Capital Markets (Tel: +852 9463 9892 | E-243218) or Simon Yu, Associate Director, Capital Markets, (Tel: +852 9685 8365 | S-414452), CBRE Hong Kong