CBRE and Knight Frank Appointed as Sole Agent for Public Tender Sale of No. 9 Li Yuen Street East, Central

Hong Kong, 3 December 2025 — CBRE and Knight Frank have been appointed as joint sole agents for a public tender sale of the entire commercial building Li Dong Building at No. 9 Li Yuen Street East, Central. The tender closing date is February 10, 2026 (Tuesday) at 12:00 noon. The property will be sold on an “as-is” basis, partly with existing tenancies and partly vacant.

The property enjoys a prime location near the junction of Des Voeux Road Central, surrounded by high-quality commercial developments such as the International Finance Centre, Exchange Square, Landmark, and China Building, creating a strong business atmosphere. It is just a few minutes’ walk to Central and Hong Kong MTR stations, offering excellent transport connectivity. Completed in 2000, Li Dong Building is a 30-storey office building with retail shops on the ground floor to the second floor. The building is equipped with two elevators and two staircases. The site area is approximately 4,206 sq. ft, the total commercial building area is approximately 80,368 sq. ft., and the standard floor area is approximately 2,710 sq. ft.

The property has an asking price of HK$800 million and is currently 90% leased, primarily to retail businesses such as medical facilities, fitness centers, and physiotherapy centers, resulting in very stable rental income. Furthermore, the property underwent renovations in 2023, with the ground floor lobby and elevators being modernized. In addition, its prime location in Central offers significant redevelopment potential, making it suitable for development into a hotel, school, educational center, or student dormitory, presenting a highly attractive golden opportunity for investors and end-users.

Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong said: “Situated at the heart of Central, the entire commercial buildings are mostly held long-term by established local families or large developers, making high-quality properties for sale with existing leases extremely rare. Since the end of last year, the Hong Kong commercial property market has become increasingly active, with en-bloc commercial buildings, particularly those in Central and Hong Kong Island, being highly sought after. Recent major transactions include: Ovolo Central (approximately HK$255 million), No. 152 Queen's Road Central (approximately HK$1.1 billion), No. 122 Queen's Road Central (reportedly sold for approximately HK$1 billion), Chiyu Bank's acquisition of Bonham Majoris on Bonham Strand in Sheung Wan (approximately HK$1.298 billion), OCBC Bank's acquisition of No. 60 Gloucester Road, Wan Chai (approximately HK$1.16 billion), and Alibaba's acquisition of One Causeway Bay (approximately HK$7.2 billion). This property for sale is one of the few high-quality, whole-building commercial buildings in the area, boasting a strategic location and comprehensive amenities. Coupled with its currently high occupancy rate and stable rental returns, it represents a rare investment opportunity and is expected to attract significant attention from local families, investors, and mainland Chinese companies.”

Willis Mak, Executive Director, Head of Private Clients, Greater China, Knight Frank said: “Located in the heart of Central's prime business district, just a 2-minute walk from Central Station, the Li Dong Building boasts excellent transportation access. Beyond its advantageous location, the project possesses immense redevelopment potential. Whether transformed into a boutique hotel, international school, educational training center, or even student dormitory, it can fully realize its value, catering to market demands and offering diversified development possibilities for investors and end-users. With commercial building prices declining from their peak and continued growth in financial activity, the rental and sales climate in Central's core business district is expected to improve further, making this investment not only a long-term return but also a rare golden opportunity to purchase an entire commercial building. For buyers and investors seeking stable appreciation or innovative development, this is an ideal choice combining location, flexibility, and potential.”

For further details on the property, please contact
Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong (E-243218 | Tel: +852 9463 9892)
Sam Mock, Executive Director, Capital Markets, CBRE Hong Kong (E-106477 | Tel: +852 9013 3319)
Sam Tsang, Director, Capital Markets, CBRE Hong Kong (S-443410 | Tel: +852 6593 7190)

CBRE Property Advertising Number: CBRE-CM- ADV5566

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