CBRE Appointed as Sole Agent for the Sale of Premium Sea-View Commercial Units in the Core of Tsim Sha Tsui

CBRE has been appointed by the owner as the sole agent for the sale of selected premium sea-view office units at Wing On Plaza, 62 Mody Road, Tsim Sha Tsui East, Kowloon (“the Property”). The Portfolio is currently offered for sale with existing tenancies, providing investors with a unique opportunity to enjoy immediate and stable rental income upon purchase, presenting immense value for both investment in the long term.

Tsim Sha Tsui East is a traditionally bustling commercial and retail core, lined with renowned shopping malls, five-star hotels, and unique dining and entertainment venues, characterized by frequent commercial activities. Wing On Plaza enjoys an exceptionally privileged location, just an approximate 1-minute walk to the Exit P1 of Tsim Sha Tsui East MTR Station, boasting superb transport convenience. It has long been favored by large corporations and professional institutions as a top choice for setting up offices.

The two selected units for this sale are Unit 305 on the 3rd floor and Units 811-814 on the 8th floor. Unit 305 has a gross floor area of approximately 1,749 sq. ft., facing Salisbury Road with panoramic, beautiful views of Victoria Harbour, at an indicative price of HK$28 million. Units 811-814 have a gross floor area of approximately 5,544 sq. ft., sharing a partial Victoria Harbour view, at an indicative price of HK$88 million. Both properties offer highly diversified usage options, suitable for clinics, beauty centers, educational institutions, and general office purposes.

Derek Li, Senior Manager of Capital Markets, CBRE Hong Kong, pointed out: “Sea-view office units in Tsim Sha Tsui East are rarely available for sale in the market. The indicative per-square-foot prices for these Wing On Plaza units are approximately at the level of HK$15,800 to HK$16,000. Compared to historical purchase prices in the same district or building, the current indicative prices have discounted significantly, making them highly competitive in the market. Coupled with the fact that the units come with robust, high-quality tenancies providing immediate and stable rental income, this is an exceptionally rare market entry opportunity. We expect the project to attract significant capital attention in a short period of time”

For further information regarding this property details, please contact Avan Pau, Senior Director (Tel: +852 9836 9656 | E-306103), or Derek Li, Senior Manager (Tel: +852 9108 1669 | E-314234), Capital Markets, CBRE Hong Kong.


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Property Advertising Number: CBRE-CM-ADV-5753