Hong Kong

CBRE Appointed As The Sole Agent For The Sale of The CHI Residences Portfolio Consisting of 3 Prime Multi-Family Assets

CBRE has been appointed as the sole agent for the sale of the CHI Residences Portfolio consisting of three prime multi-family assets in Wan Chai, Sai Ying Pun and Jordan.

April 25, 2022

Hong Kong, April 25, 2022 – CBRE has been appointed as the sole agent for the sale of the CHI Residences Portfolio consisting of three prime multi-family assets in Wan Chai, Sai Ying Pun and Jordan.

CHI 138, located at the corner of 138 Johnston Road, is conveniently positioned directly across from Wan Chai MTR Station. The neighbourhood hosts an eclectic mix of cafés, restaurants and shops, and is within walking distance to Pacific Place. The Property offers 107 luxuriously finished apartments ranging from 290 sq. ft. to 2,400 sq. ft., comprising of Studio, One Bedroom, Two Bedroom, Three Bedroom Duplex, and a whole-floor Penthouse Suite.

CHI 120, located at 120 Connaught Road West commands a rare harbour front location with sweeping views over Victoria Harbour and Sun Yat Sen Memorial Park. Only 2-minutes’ walk to Sai Ying Pun MTR Station and within walking distance to Central CBD and IFC Mall, the Property offers 19 whole-floor One Bedroom apartments, each a spacious 1,050 sq. ft. with private balcony. Making up the en-bloc sitting on the G/F to 3/F is a sizeable retail podium of approx. 8,824 sq. ft., currently leased to a café and fitness centre, providing complementary amenities and services to the Property and surrounding neighbourhood. The Property can also be redeveloped into a commercial building to maximize its GFA potential, offering multiple investment strategies for the asset.

CHI 314, is strategically located at the corner of 314-316 Nathan Road, 1-minute walk to Jordan MTR Station and 10-minutes’ walk to Hong Kong’s largest-ever commercial site sitting on top of West Kowloon Terminus. The Property offers 59 fully furnished apartments ranging from 410 sq. ft. to 1,400 sq. ft., comprising of Studio, One Bedroom and Two Bedroom suites. 

Jonathan Chau, Executive Director, Head of Investment Properties and Private Office, CBRE Hong Kong said: “Multi-family and hotel assets have been one of the leading asset classes in the property investment market recently. In the past 6 months, approx. HK$6 billion of multi-family and hotels have transacted, with institutional funds dominating buying activity. This is the first time all three properties have been offered on the market as a portfolio, which can also be acquired on individual basis. We expect significant market interest given their prime locations, high asset quality and proximity to MTR stations.”

For any enquiries regarding this Portfolio, please contact Jonathan Chau, Executive Director and Head of Investment Properties and Private Office at 6341 2382; Frederick Lai, Senior Director, Capital Markets at 9194 5323 or Travis Tai, Senior Manager, Capital Markets at 6225 3356.

CHI138 in Wanchai

CHI120 in Sai Ying Pun

CHI314 in Jordan

Photos are for reference only.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at cbre.com