CBRE Facilitates HK$1.9 Billion Sale of No.1 North Point Terrace

CBRE is pleased to announce the successful facilitation of the sale of No.1 North Point Terrace via a private tender, achieving a transaction value over HK$1.9 billion. CBRE acted as the sole agent of the Vendor for the private tender sale and successfully sold the project to Chinachem Group.

This landmark deal represents the largest private residential redevelopment site sale in Hong Kong year-to-date in 2026, underscoring renewed momentum and confidence in the city’s residential property market.

Located in a well-established urban district with strong connectivity and redevelopment potential, the site attracted significant interest from investors. The successful transaction highlights continued market appetite for large-scale urban redevelopment opportunities offering long-term value creation and transformation potential.

“We are proud to have facilitated this residential redevelopment transaction with the Vendor and Chinachem through a competitive private tender process. As one of the very few sizable sites available on Hong Kong Island, No. 1 North Point Terrace offers rare development potential and planning flexibility. It is expected that the high floors of the future development will enjoy breathtaking Victoria Harbour seaview. Its acquisition demonstrates the resilience and strong fundamentals of Hong Kong’s residential market, while highlighting investors’ appetite for prime redevelopment opportunities in strategic urban locations that enable sustainable growth,” said Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong.

As one of the most notable real estate transactions in Hong Kong this year, the sale further demonstrates CBRE’s deep expertise in capital markets, strong execution capabilities, and extensive investor network in delivering optimal outcomes for clients.

For further information on this transaction or similar investment opportunities, please contact CBRE Hong Kong:

• Reeves Yan, Executive Director, Head of Capital Markets (Tel: +852 9463 9892 | E-243218)
• Daniel Mok, Senior Director, Capital Markets (Tel: +852 6072 6980 | E-289498)
• Travis Tai, Associate Director, Capital Markets (Tel: +852 6225 3356 | S-508622)
• Ray Chan, Associate Director, Capital Markets (Tel: +852 6103 5679 | E-417485)

 
(from left to right)
Ray Chan, Associate Director, Capital Markets, CBRE Hong Kong
Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong
Daniel Mok, Senior Director, Capital Markets, CBRE Hong Kong
Travis Tai, Associate Director, Capital Markets, CBRE Hong Kong


Property Advertisement No.: CBRE-CMHK-ADV-4027