A prime office property in Hong Kong's Central district has hit the market, offering a rare opportunity for investors or corporate buyers. The 10th floor of No. 9 Queen’s Road Central, featuring Grade A office space spanning roughly 13,719 square feet, is available for sale at an indicative price of $250 million. This equates to approximately $18,222 per square foot, marking a significant discount compared to recent transactions within the same building. Positioned as move-in ready with high-end finishes, this unit could serve as either a corporate headquarters or a lucrative investment asset.

Prime Real Estate Opportunity Amidst Central's Bustling Scene

In the heart of Hong Kong’s financial hub, a prestigious full-floor office space has been put up for sale by its sole agent CBRE. Located on the 10th floor of the iconic No. 9 Queen’s Road Central, the property boasts a gross floor area of around 13,719 square feet and is offered vacant and in pristine condition. At an asking price of $250 million, or about $18,222 per square foot, this listing presents a compelling value proposition against recent deals in the building that averaged higher prices per square foot.

Recent comparable sales include Unit 2301–2303 sold for $145 million at roughly $18,575 per square foot, Unit 701 sold for $40 million at $22,663 per square foot, and the entire 29th floor transacted at $310 million, equivalent to $22,514 per square foot. These figures underscore the current property's competitive pricing, reflecting a notable adjustment from prior rates hovering near $22,000 per square foot.

Beyond individual transactions, broader confidence in Central's commercial real estate sector was highlighted earlier when the Hong Kong Exchanges and Clearing Limited (HKEX) acquired nine floors at One Exchange Square, along with additional space near Connect Hall, for a staggering $6.3 billion—or about $42,850 per square foot.

This trend suggests a strategic shift among buyers toward seizing opportunities amid evolving market dynamics.

From a journalistic perspective, this development highlights the ongoing evolution of Hong Kong's real estate landscape. As market conditions fluctuate, savvy investors and corporations are seizing chances to acquire premium assets at more favorable terms. For readers, it serves as a reminder of the importance of staying informed about shifting trends in commercial real estate, allowing them to capitalize on emerging opportunities while navigating economic uncertainties.