Colliers International Moving Times Feb 2015

HONG KONG EDITION

FEBRUARY 2015

Hong Kong Commercial Real Estate at Your Fingertips

PEAK

PEAK

PEAK

TROUGH

TROUGH

TROUGH

OVERALL

HONG KONG

KOWLOON

Where are we now?

Leasing Activities Set to Improve The best of the best

Market outlook

A comprehensive portfolio showcasing premier office leasing opportunities across Hong Kong

Benefitting from investment and acquisitions

Tenant relocation continues: Affordability issue

36

HONG KONG’S

HEART Leasing activities set to improve

C OVE R S TORY

Hong Kong Island 5 8

Sole Agency Appointments Special Listings Hot Listings

10

Recent Leasing Transactions

16

Kowloon Sole Agent Hot Listings Sole & Joint Sole Agency Appointments Hot Listings Recent Leasing Transactions

18 23 25 26 35

KEY TO PROPERTY ICONS Seaview

Mountain View

Garden View

Close to MTR Station

Raised Floor

Fitted-out

Parking

24-hour Air-conditioning

Close to Public Transport

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information.

Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). Š2015. All rights reserved.

CENTRAL ADMIRALTY SHEUNG WAN WAN CHAI CAUSEWAY BAY ISLAND EAST

Hong Kong Island

SOUTHSIDE

38 WONG CHUK HANG ROAD | HONG KONG

Unveiling a new office icon A brand new Grade A development situated within minutes via the soon to be completed South Island Line to the Admiralty Railway Interchange.

For leasing enquiries, call us NOW SOLE AGENT Colliers International Agency Limited

Suite 5701, Central Plaza, 18 Harbour Road, Wanchai Hong Kong (Company Licence No. C-006069)

www.colliers.com

852 2822 0701 offices.hongkong@colliers.com

WAN CHAI

HONG KONG ISL AND

Sole Agent

3 Lockhart Road > > > > > > >

Approx. area: 1,080 - 4,604 sq ft gross Landlord’s provisions: Full ceiling systems Newly renovated premises with sea view Column-free design floorplate Close proximity to hotels Close to public transportation Availability: Immediate

ADMIRALTY

Typical floor plan (For identification purpose only)

Billy Ng (S-285378)

Sam Gourlay (S-480270)

852 2822 0558 | 852 9145 8148 billy.ng@colliers.com

852 2822 0618 | 852 9100 0307 sam.gourlay@colliers.com

Sole Agent

United Centre 95 Queensway > > > > > > > >

Sub-letting space Approx. area: 4,500 sq ft gross Mid zone Partial sea view Partially fitted Below market rental package 36-month sub-lease available Availability: Negotiable

Michael Nardella (S-313821)

Billy Ng (S-285378)

852 2822 0681 | 852 6473 7483 michael.nardella@colliers.com

852 2822 0558 | 852 9145 8148 billy.ng@colliers.com

Page 6 | Colliers International | Moving Times

HONG KONG ISL AND

CENTRAL

Sole Agent

CCB Tower

3 Connaught Road Central > > > > >

Surrender space Approx. area: 3,336 sq ft lettable Open city view Brand New High-End Fit Out 4 Director Rooms, 2 Manager Rooms, 1 Conference Room, 1 Meeting Room, Open Plan 12 workstations > Availability: Negotiable

Philip Leung (S-468410)

Philip Pang (S-460890)

852 2822 0672 | 852 6117 6065 philip.leung@colliers.com

852 2822 0729 | 852 6017 9108 philip.pang@colliers.com

WAN CHAI

Sole Agent

Centre Point

181-185 Gloucester Road > > > > >

Surrender space Approx. area: 2,660 sq ft gross Sea view Fully fitted premises 1 conference room, 2 director rooms, open plan 9 workstations, server room and dry pantry > Availability: Negotiable

Layout plan (For identification purpose only)

Philip Pang (S-460890)

Ryan Tong (S-322048)

852 2822 0729 | 852 6017 9108 philip.pang@colliers.com

852 2822 0613 | 852 9229 6000 ryan.tong@colliers.com Colliers International | Moving Times | Page 7

CENTRAL

HONG KONG ISL AND

Special Listing

Fully Fitted Law Firm Premises in Core Central Queen’s Road Central

> Surrender space > High zone > Approx. area: from 8,000 up to whole floor 12,500 sq ft net > Approx. 100% efficiency > Long rent free period will be subsidised > 24-hour zoned central air-conditioning > Direct Central MTR Station access > Connected to the Central walkway network > Availability: To be confirmed

David Wood (S-308367)

QUARRY BAY

852 2822 0694 | 852 9862 1573 david.wood@colliers.com

Special Listing

Kerry Centre 683 King’s Road > > > > > >

Approx. area: 11,201 sq ft lettable Fully fitted with high quality fixtures Raised floor system In-house car parking Competitive rental package Availability: Negotiable

Billy Ng (S-285378)

Philip Leung (S-468410)

852 2822 0558 | 852 9145 8148 billy.ng@colliers.com

852 2822 0672 | 852 6117 6065 philip.leung@colliers.com

Page 8 | Colliers International | Moving Times

Special Listing

Ho Lee Commercial Building 40 D’Aguilar Street, Central

CENTRAL

HONG KONG ISL AND

> High Zone > Approx. area: 1,712 sq ft gross > Open floor plan > New fit-out with wet pantry and 2 washrooms > Lots of natural lighting > Ideal for startups or design firms > Handover condition > Availability: Immediate

Jonathan Der (S-453079)

Special Listing

Cyberport 3 100 Cyberport Road > > > > > > >

Surrender space Approx. area: 33,000 and 55,000 sq ft lettable Sea views Raised floor In-house car parking Competitive rental package Availability: Negotiable

POK FU LAM

852 2822 0555 | 852 9816 6613 jonathan.der@colliers.com

Office Services - Hong Kong 852 2822 0668 offices.hongkong@colliers.com Company Licence No: C-006069

Colliers International | Moving Times | Page 9

CENTRAL / ADMIRALTY

HONG KONG ISL AND

Hot Listings Bank of China Tower

AIA Central

1 Garden Road

1 Connaught Road Central Approx. Area (sq ft) 7,001 - 27,106 (L)

Approx. Area (sq ft) 5,896 - 12,221 (L)

Estimated Effective Rent (HKD psf) $120 - $130

Estimated Effective Rent (HKD psf) $80 - $85

Cheung Kong Center 2 Queen’s Road Central

China Building

29 Queen’s Road Central Approx. Area (sq ft) 2,464 - 6,653 (L)

Approx. Area (sq ft) 1,851 - 9,439 (G)

Estimated Effective Rent (HKD psf) $120 - $130

Estimated Effective Rent (HKD psf) $65 - $70

Citibank Plaza - Citibank Tower 3 Garden Road

Citibank Plaza - ICBC Tower 3 Garden Road

Approx. Area (sq ft) 1,476 - 34,272 (L)

Approx. Area (sq ft) 954 - 33,507 (L)

Estimated Effective Rent (HKD psf) $65 - $75

Estimated Effective Rent (HKD psf) $65 - $75

CITIC Tower

Entertainment Building 30 Queen’s Road Central

1 Tim Mei Avenue

Approx. Area (sq ft) 3,253 - 18,080 (L)

Approx. Area (sq ft) 2,464 - 6,055 (L)

Estimated Effective Rent (HKD psf) $50 - $60

Estimated Effective Rent (HKD psf) $70 - $75

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Hong Kong

852 2822 0668 offices.hongkong@colliers.com

Page 10 | Colliers International | Moving Times

Hot Listings Hutchison House

Lippo Centre

10 Harcourt Road

89 Queensway Approx. Area (sq ft) 650 - 6,818 (G)

Approx. Area (sq ft) 658 - 5,168 (G)

Estimated Effective Rent (HKD psf) $50 - $65

Estimated Effective Rent (HKD psf) $45 - $62

Nan Fung Tower

84-86 Connaught Road Central

Nexxus Building

77 Des Voeux Road Central

Approx. Area (sq ft) 685 - 9,135 (G)

Approx. Area (sq ft) 2,724 - 9,971 (L)

Estimated Effective Rent (HKD psf) $48 - $53

Estimated Effective Rent (HKD psf) $60 - $70

One International Finance Centre 1 Harbour View Street

CENTRAL / ADMIRALTY

HONG KONG ISL AND

Printing House 6 Duddell Street

Approx. Area (sq ft) 2,543 - 19,852 (L)

Approx. Area (sq ft) 200 - 3,530 (G)

Estimated Effective Rent (HKD psf) $120 - $130

Estimated Effective Rent (HKD psf) $60 - $65

Two International Finance Centre

Prosperity Tower

8 Finance Street

39 Queen’s Road Central Approx. Area (sq ft) 2,379 - 3,600 (G)

Approx. Area (sq ft) 2,648 - 14,798 (L)

Estimated Effective Rent (HKD psf) $65 - $70

Estimated Effective Rent (HKD psf)

$125 - $158

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Hong Kong

852 2822 0668 offices.hongkong@colliers.com

Colliers International | Moving Times | Page 11

SHEUNG WAN

HONG KONG ISL AND

Hot Listings FWD Financial Centre 308 Des Voeux Road Central

Grand Millennium Plaza, COSCO Tower 183 Queen’s Road Central

Approx. Area (sq ft) 890 - 8,016 (G)

Approx. Area (sq ft) 2,318 - 9,000 (G)

Estimated Effective Rent (HKD psf) $35 - $36

Estimated Effective Rent (HKD psf) $42 - $58

One8One Queen’s Road Central 181 Queen’s Road Central

Shun Tak Centre

200 Connaught Road Central

Approx. Area (sq ft) 2,188 - 8,158 (G)

Approx. Area (sq ft) 1,191 - 3,386 (G)

Estimated Effective Rent (HKD psf) $33 - $43

Estimated Effective Rent (HKD psf) $42 - $55

The Center

The Wellington

99 Queen’s Road Central

198 Wellington Street Approx. Area (sq ft) 1,623 - 25,053 (G)

Approx. Area (sq ft) 3,587 up (G)

Estimated Effective Rent (HKD psf) $55 - $73

Estimated Effective Rent (HKD psf) $40 - $50

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Hong Kong

852 2822 0668 offices.hongkong@colliers.com

Page 12 | Colliers International | Moving Times

HONG KONG ISL AND

WAN CHAI

Hot Listings Allied Kajima Building

Central Plaza

Approx. Area (sq ft) 1,910 - 13,752 (G)

Approx. Area (sq ft) 903 - 10,566 (L)

Estimated Effective Rent (HKD psf) $36 - $38

Estimated Effective Rent (HKD psf)

China Resources Building

Dah Sing Financial Centre

Approx. Area (sq ft) 2,651 - 15,471 (L)

Approx. Area (sq ft) 1,880 - 8,500 (L)

Estimated Effective Rent (HKD psf) $45 - $60

Estimated Effective Rent (HKD psf) $55 - $58

Harbour Centre

Harcourt House

Approx. Area (sq ft) 1,395 - 5,477 (L)

Approx. Area (sq ft) 1,395 - 3,900 (G)

Estimated Effective Rent (HKD psf) $47 - $65

Estimated Effective Rent (HKD psf) $34 - $40

Hopewell Centre

Shui On Centre

Approx. Area (sq ft) 1,294 - 9,162 (L)

Approx. Area (sq ft) 963 - 4,918 (G)

Estimated Effective Rent (HKD psf) $47 - $55

Estimated Effective Rent (HKD psf) $40 - $52

Sun Hung Kai Centre

Sunlight Tower

138 Gloucester Road

26 Harbour Road

25 Harbour Road

18 Harbour Road

$52 - $68

108 Gloucester Road

39 Gloucester Road

183 Queen’s Road East

30 Harbour Road

6-8 Harbour Road

248 Queen’s Road East

Approx. Area (sq ft) 792 - 4,898 (L)

Approx. Area (sq ft) 1,670 - 4,304 (G)

Estimated Effective Rent (HKD psf)

Estimated Effective Rent (HKD psf) $33 - $38

$55 - $60

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Hong Kong

852 2822 0668 offices.hongkong@colliers.com

Colliers International | Moving Times | Page 13

CAUSEWAY BAY

HONG KONG ISL AND

Hot Listings Causeway Bay Plaza 1 489 Hennessy Road

Sino Plaza

255-257 Gloucester Road

Approx. Area (sq ft) 1,096 - 1,580 (G)

Approx. Area (sq ft) 2,595 - 4,101 (G)

Estimated Effective Rent (HKD psf) $36 - $38

Estimated Effective Rent (HKD psf) $40 - $45

Soundwill Plaza

The Lee Gardens

38 Russell Street

33 Hysan Avenue Approx. Area (sq ft) 1,590 - 7,156 (G)

Approx. Area (sq ft) 15,000 up (L)

Estimated Effective Rent (HKD psf) $43 - $47

Estimated Effective Rent (HKD psf) $45 - $63

Times Square

Top Glory Tower

1 Matheson Street

262 Gloucester Road Approx. Area (sq ft) 1,007 - 39,118 (G)

Approx. Area (sq ft) 1,417 - 4,529 (G)

Estimated Effective Rent (HKD psf) $47 - $55

Estimated Effective Rent (HKD psf) $40 - $46

Windsor House, ACE Tower 311 Gloucester Road

World Trade Centre 280 Gloucester Road

Approx. Area (sq ft) 856 - 19,897 (G)

Approx. Area (sq ft) 1,390 - 4,630 (G)

Estimated Effective Rent (HKD psf) $35 - $40

Estimated Effective Rent (HKD psf) $48 - $52

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Hong Kong

852 2822 0668 offices.hongkong@colliers.com

Page 14 | Colliers International | Moving Times

Hot Listings @Convoy

88 Hing Fat Street

169 Electric Road

88 Hing Fat Street Approx. Area (sq ft) 3,270 - 31,419 (G)

Approx. Area (sq ft) 1,400 - 4,200 (G)

Estimated Effective Rent (HKD psf) $26 - $33

Estimated Effective Rent (HKD psf) $27 - $28

633 King’s Road

ISLAND EAST

HONG KONG ISL AND

1063 King’s Road

633 King’s Road

1063 King’s Road Approx. Area (sq ft) 2,785 - 30,135 (G)

Approx. Area (sq ft) 1,500 - 59,000 (L)

Estimated Effective Rent (HKD psf) $24 - $28

Estimated Effective Rent (HKD psf) $35 - $38

AIA Tower

Citicorp Centre

183 Electric Road

18 Whitfield Road Approx. Area (sq ft) 1,135 - 1,836 (L)

Approx. Area (sq ft) 1,264 - 4,731 (G)

Estimated Effective Rent (HKD psf) $30 - $40

Estimated Effective Rent (HKD psf) $29 - $33

Prosperity Millennia Plaza 663 King’s Road

Best Building in Island East Island East

Approx. Area (sq ft) 577 - 3,866 (G)

Approx. Area (sq ft) 3,699 - 85,228 (L)

Estimated Effective Rent (HKD psf) $28 - $30

Estimated Effective Rent (HKD psf) $50 - $65

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Hong Kong

852 2822 0668 offices.hongkong@colliers.com

Colliers International | Moving Times | Page 15

HONG KONG ISL AND

Recent Leasing Transactions Building

Approx. Area (sq ft)

Deal Type

Business Nature of Tenant

Monthly Face Rent (HKD psf)

Admiralty Centre Tower 1

6,300 (G)

New Lease

Government / Organisation

$37.00

Far East Finance Centre

10,600 (G)

New Lease

Banking & Finance

$63.00

Lippo Centre - Tower 1

1,400 (G)

New Lease

Management Consulting

$52.00

Lippo Centre - Tower 2

2,300 (G)

New Lease

Accounting

$48.00

One Pacific Place

10,800 (L)

New Lease

Banking & Finance

$103.00

United Centre

2,700 (G)

Renewal

Legal

$34.00

United Centre

20,500 (G)

Renewal

Banking & Finance

$45.00

AIA Central

13,600 (L)

New Lease

Real Estate

$100.00

China Building

14,700 (G)

Renewal

Entertainment

$78.00

Citibank Plaza, Citibank Tower and ICBC Tower

33,100 (L)

New Lease

Banking & Finance

$83.00

Citibank Plaza, ICBC Tower

3,000 (L)

New Lease

Legal

$76.50

Grand Millennium Plaza, COSCO Tower

20,200 (G)

Renewal

Transportation & Logistics

$51.50

Grand Millennium Plaza, COSCO Tower

20,500 (G)

Renewal

Banking & Finance

$56.50

Nexxus Building

10,000 (L)

Renewal

Banking & Finance

$72.00

Nine Queen's Road Central

5,000 (G)

Renewal

Real Estate

$52.00

The Landmark, Gloucester Tower

3,500 (N)

New Lease

Banking & Finance

$120.00

600 (G)

New Lease

Trading

$33.00

Two IFC

4,200 (L)

Renewal

Banking & Finance

$135.00

Wing On Centre

3,000 (G)

Renewal

Banking & Finance

$65.00

World-Wide House

2,300 (G)

Renewal

Accounting

$54.00

Wyndham Place

3,500 (G)

Renewal

Management Consulting

$41.50

18 Hysan Avenue

2,900 (L)

New Lease

I.T.

$52.00

Causeway Bay Plaza 1

2,800 (G)

New Lease

Food & Beverages

$38.00

Central Plaza

30,100 (L)

Renewal

I.T.

$61.00

Central Plaza

13,600 (L)

Renewal

Insurance

$50.44

Central Plaza

20,900 (L)

Renewal

Insurance

$56.00

Chinachem Leighton Plaza

1,200 (G)

New Lease

Garments & Textiles

$29.00

Sun Hung Kai Centre

21,700 (L)

Renewal

Medical & Health

$51.50

633 King's Road

7,300 (G)

New Lease

I.T.

$28.30

Chinachem Exchange Square

3,500 (G)

Renewal

Government / Organisation

$26.00

Chinachem Exchange Square

3,500 (G)

Renewal

Government / Organisation

$26.00

International Commerce Centre (ICC)

7,400 (G)

New Lease

Jewellery

$62.00

International Commerce Centre (ICC)

8,000 (G)

New Lease

Banking & Finance

$70.00

ADMIRALTY

CENTRAL

Two Chinachem Plaza

WA N C HA I / CAUSEWAY BAY

I S L A N D E A ST

TS I M S H A TS U I

(G) = Gross

(L) = Lettable

(N) = Net

Page 16 | Colliers International | Moving Times

KWAI CHUNG KWUN TONG HUNG HOM MONG KOK SAN PO KONG TSIM SHA TSUI TSUEN WAN

Kowloon

KWUN TONG

KOWLOO N

Sole Agent

Page 18 | Colliers International | Moving Times

KOWLOO N

The Rays

71 Hung To Road > Approx. area: 7,285 - 10, 500 sq ft gross > Target completion in April 2015 > One of the newest office building in Kowloon East and part of government’s CBD2 initiative > 7 minutes walking distance to Kwun Tong MTR Station

Low Zone Plan (For identification purpose only)

High Zone Plan (For identification purpose only)

Rommel Lau (S-478252)

Ella Lai (S-342139)

852 2822 0765 rommel.lau@colliers.com

852 2822 0758 ella.lai@colliers.com Colliers International | Moving Times | Page 19

KWUN TONG

KOWLOO N

Hot Listing

Manulife Financial Centre 223-231 Wai Yip Street

Floor plan (For identification purpose only)

> > > > >

Approx. area: 1,700 - 30,000 sq ft gross 180-degree harbour views Consecutive floors available in Q3 2015 - Q2 2016 Strategically located in the heart of Kowloon East Superb dining and leisure amenities

Fiona Ngan (E-197789)

Patrick Mak (E-187858)

852 2822 0751 fiona.ngan@colliers.com

852 2822 0752 patrick.mak@colliers.com

Page 20 | Colliers International | Moving Times

KOWLOO N

KWAI CHUNG KOWLOON BAY

Hot Listing

KC 100

100 Kwai Cheong Road

> > > > >

Approx. area: 24,000 sq ft gross Target completion in Q1 2015 High standard office building Supported by many F&B 7 minutes walking distance to Kwai Hing MTR Station

Floor plan (For identification purpose only)

Patrick Mak (E-187858)

Jonathan Liu (E-328848)

852 2822 0752 patrick.mak@colliers.com

852 2822 0760 jonathan.liu@colliers.com Colliers International | Moving Times | Page 21

KWUN TONG

KOWLOO N

Hot Listing

One Harbour Square 181 Hoi Bun Road > > > >

Brand new office building Typical floor area: 17,726 - 18,972 sq ft gross Raised floor system with 5 kPa floor loading Mid to high zone units enjoy magnificent views of Victoria Harbour and the Cruise Terminal > High efficiency column-free design > Whole floor units are available, allowing occupiers to fully utlise the corridor spaces > Benefitting from the CBD2 and the Kai Tak Development Project with improved infrastructure and transportation network

Fiona Ngan (E-197789)

TSUEN WAN

852 2822 0751 fiona.ngan@colliers.com

Ivan Wong (E-241525) 852 2822 0756 ivan.wong@colliers.com

Hot Listing

The Octagon 6 Sha Tsui Road > > > >

Grade-A Office Tower with approx. 400,000 sq ft gross Target completion in Q4 2014 State-of-the-art Specifications Practical floor plate of approx. 15,000 sq ft gross with 2,850 mm clear headroom and 150mm raised floor > Elegant lobby with all-weather drop-off and the Sky Garden > Generous parking facilities and shuttle services to Tsuen Wan MTR provided > An en-bloc ownership by renowned K. Wah Group

Murphy Chung (E-216220)

Ella Lai (S-342139)

852 2822 0755 murphy.chung@colliers.com

852 2822 758 ella.lai@colliers.com

Page 22 | Colliers International | Moving Times

Hot Listings

Enterprise Square 5 38 Wang Chiu Road > > > >

Typical floor area: 15,960 - 17,400 sq ft gross Panoramic Seaview Consecutive floors available in 4Q 2015 - 1Q 2016 On top of shopping mall, Megabox

Ivan Wong (E-241525)

Jonathan Chan (S-467510)

852 2822 0756 ivan.wong@colliers.com

852 2822 0762 jonathan.chan@colliers.com

KOWLOON BAY

KOWLOO N

Skyline Tower 39 Wang Kwong Road > > > >

Approx. area: from 801 to 18,239 sq ft gross Competitive reantal package Efficient floorplate Good tenancy mix within the portfolio

Steve Ng (E-188091)

Rommel Lau (S-478252)

852 2822 0753 steve.ng@colliers.com

852 2822 0765 rommel.lau@colliers.com Colliers International | Moving Times | Page 23

KOWLOON BAY

KOWLOO N

Hot Listings

One Kowloon 1 Wang Yuen Street > > > >

Approx. area: 23,000 sq ft gross Grade A office specification Excellent tenancy mix within the portfolio Next to large shopping mall “MegaBox”

Floor plan (For identification purpose only)

Fiona Ngan (E-197789)

Steve Ng (E-188091)

852 2822 0751 fiona.ngan@colliers.com

852 2822 0753 steve.ng@colliers.com

Manhattan Place 23 Wang Tai Road > > > > >

Approx. area: 6,629 – 19,550 sq ft lettable Panoramic seaview Next to the large shopping mall “MegaBox” Grade A office building in Kowloon Bay Good tenancy mix in its portfolio

Fiona Ngan (E-197789)

Ivan Wong (E-241525)

852 2822 0751 fiona.ngan@colliers.com

852 2822 0756 ivan.wong@colliers.com

Page 24 | Colliers International | Moving Times

YHC Tower 1 Sheung Yuet Road > > > >

Approx. area: 1,305 - 12,528 sq ft gross Brand new Grade A office in Kowloon Bay Panoramic seaview Next to the shopping mall ”MegaBox” & ”E-Max”

Wang Cheung (E-242098)

Jonathan Chan (S-467510)

852 2822 0757 wang.cheung@colliers.com

852 2822 0762 jonathan.chan@colliers.com

Joint Sole Agent

Nanyang Plaza 57 Hung To Road > > > >

Approx. area: 1,700 - 10,541 sq ft gross High quality industrial / office building 7 minutes walking distance to Kwun Tong MTR Station Supported by many F&B and banking facilities nearby

Steve Ng (E-188091) 852 2822 0753 steve.ng@colliers.com

KWUN TONG KOWLOON BAY

Hot Listing

KOWLOON BAY

KOWLOO N

Jonathan Chan (S-467510) 852 2822 0762 jonathan.chan@colliers.com Colliers International | Moving Times | Page 25

KWUN TONG

Hot Listings

Wong Tze Building 71 Hoi Yuen Road

> Typical floor area: 7,248 sq ft gross > Revitalised office building > Efficient floorplate > Next to APM Shopping Mall

Floor plan (For identification purpose only)

Steve Ng (E-188091)

Rommel Lau (S-478252)

852 2822 0753 steve.ng@colliers.com

852 2822 0765 rommel.lau@colliers.com

KOHO

73-75 Hung To Road > Approx. area: 16,151 - 24,545 sq ft gross > Revitalised office building > 7 minutes walking distance to Kwun Tong MTR Station

Floor plan (For identification purpose only)

Steve Ng (E-188091)

Wang Cheung (E-242098)

852 2822 0753 steve.ng@colliers.com

852 2822 0757 wang.cheung@colliers.com

Page 26 | Colliers International | Moving Times

Hot Listings

AXA Tower / AIA Kowloon Tower 102 How Ming Street > > > > >

Approx. area: 4,000 - 27,000 sq ft gross Modern Grade A office specifications 6 minutes walking distance to Kwun Tong MTR Station Nice seaview Both bare shell and fitted out units are available in this building

Steve Ng (E-188091)

Ivan Wong (E-241525)

852 2822 0753 steve.ng@colliers.com

852 2822 0756 ivan.wong@colliers.com

KWUN TONG KOWLOON BAY

KOWLOO N

Capella HTR 47 Hung To Road > > > >

Approx. area: 3,300 - 7,000 sq ft gross Column free design, efficient layout 8 minutes walking distance to Kwun Tong MTR Station Newly renovated public areas

Floor plan (For identification purpose only)

Wang Cheung (E-242098) 852 2822 0757 wang.cheung@colliers.com

Jonathan Chan (S-467510) 852 2822 0762 jonathan.chan@colliers.com Colliers International | Moving Times | Page 27

CHEUNG SHA WAN

Hot Listings

9 Wing Hong Street > Approx. area: 850 - 12,000 sq ft gross > Good tenancy mix within the portfolio > 3 minutes away from MTR station

Floor plan (For identification purpose only)

Murphy Chung (E-216220)

Ella Lai (S-342139)

852 2822 0755 murphy.chung@colliers.com

852 2822 0758 ella.lai@colliers.com

Cheung Sha Wan Plaza 833 Cheung Sha Wan Road > > > >

Approx. area: 1,000 - 33,000 sq ft gross Surrounded by F&B facilities Porfolio Landlord On top of MTR station

Floor plan (For identification purpose only)

Winson Lam (E-167195)

Rommel Lau (S-478252)

852 2822 0754 winson.lam@colliers.com

852 2822 0765 rommel.lau@colliers.com

Page 28 | Colliers International | Moving Times

KOWLOO N

TSIM SHA TSUI KOWLOON BAY

Sole Agent

Miramar Tower 1-23 Kimberley Road > > > >

Approx. area: 6,600 sq ft gross Fully fitted with typical office furniture Overlooking Kowloon Park On top of a large shopping mall and next to a hotel

Floor plan (For identification purpose only)

Winson Lam (E-167195)

Jonathan Liu (E-328848)

852 2822 0752 patrick.mak@colliers.com

852 2822 0754 winson.lam@colliers.com

852 2822 0760 jonathan.liu@colliers.com

Hot Listing

Kowloon Commerce Centre Tower 2 51 Kwai Cheong Road

> Approx. area: 13,000 - 52,600 sq ft gross > The first green office building in Hong Kong registered under LEED certification > Covered bridge directly linked to the platform of Kwai Hing MTR Station > Good tenancy mix in the building portfolio

Patrick Mak (E-187858)

Simon Yu (S-414452)

852 2822 0752 patrick.mak@colliers.com

852 2822 0759 simon.yu@colliers.com

KWAI CHUNG KOWLOON BAY

Patrick Mak (E-187858)

Colliers International | Moving Times | Page 29

KOWLOON EAST

KOWLOO N

Hot Listings Listing Kin Sang Commercial Centre 49 King Yip Street, Kwun Tong

Millennium City 1

388 Kwun Tong Road, Kwun Tong

Approx. Area (sq ft) 700 - 6,300

Approx. Area (sq ft) 850 - 5,500

Estimated Effective Rent (HKD psf) $20 - $25

Estimated Effective Rent (HKD psf) $28 - $32

Millennium City 2

378 Kwun Tong Road, Kwun Tong

Millennium City 5

418 Kwun Tong Road, Kwun Tong

Approx. Area (sq ft) 1,000 - 5,000

Approx. Area (sq ft) 3,300 - 13,000

Estimated Effective Rent (HKD psf) $26 - $27

Estimated Effective Rent (HKD psf) $33 - $36

Pioneer Place

213 Wai Yip Street, Kwun Tong

South Asia Commercial Center 64 Tsun Yip Street, Kwun Tong

Approx. Area (sq ft) 20,000 - 27,000

Approx. Area (sq ft) 1,000 - 10,300

Estimated Effective Rent (HKD psf) $20 - $22

Estimated Effective Rent (HKD psf) $21 - $22

The Mark

164 Wai Yip Street, Kwun Tong

Lu Plaza

2 Wing Yip Street, Kwun Tong

Approx. Area (sq ft) 3,563

Approx. Area (sq ft) 1,800 - 23,000

Estimated Effective Rent (HKD psf) $16 - $20

Estimated Effective Rent (HKD psf) $16- $18

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Kowloon

852 2822 0722 offices.kowloon@colliers.com

Page 30 | Colliers International | Moving Times

Hot Listings Kwun Tong Harbour Plaza 182 Wai Yip Street, Kwun Tong

Rykadan Capital Tower 135 Hoi Bun Road, Kwun Tong

Approx. Area (sq ft) 4,300 - 13,000

Approx. Area (sq ft) 1,594 - 12,195

Estimated Effective Rent (HKD psf) $15 - $16

Estimated Effective Rent (HKD psf) $21 - $25

SML Tower

165 Hoi Bun Road, Kwun Tong

Billion Centre

1 Wang Kwong Road, Kowloon Bay

Approx. Area (sq ft) 8,600 - 12,500

Approx. Area (sq ft) 1,800 - 6,000

Estimated Effective Rent (HKD psf) $18 - $20

Estimated Effective Rent (HKD psf) $22 - $25

Enterprise Square 1

9 Sheung Yuet Road, Kowloon Bay

Enterprise Square 2

3 Sheung Yuet Road, Kowloon Bay

Approx. Area (sq ft) 3,000 - 40,000

Approx. Area (sq ft) 1,500 - 9,400

Estimated Effective Rent (HKD psf) $16 - $22

Estimated Effective Rent (HKD psf) $23- $25

Enterprise Square 3

39 Wang Chiu Road, Kowloon Bay

KOWLOON EAST

KOWLOO N

Exchange Tower

33 Wang Chiu Road, Kowloon Bay

Approx. Area (sq ft) 2,200 - 16,100

Approx. Area (sq ft) 600 - 10,000

Estimated Effective Rent (HKD psf) $25 - $30

Estimated Effective Rent (HKD psf) $26 - $30

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Kowloon

852 2822 0722 offices.kowloon@colliers.com

Colliers International | Moving Times | Page 31

TSIM SHA TSUI

KOWLOO N

Hot Listings Miramar Tower

New Mandarin Plaza

1-23 Kimberley Road

14 Science Museum Road

Approx. Area (sq ft) 2,000 - 7,300

Approx. Area (sq ft) 2,500 - 14,000

Approx. Area (sq ft) 800 - 6,700

Estimated Effective Rent (HKD psf) $28 - $32

Estimated Effective Rent (HKD psf) $45 - $56

Estimated Effective Rent (HKD psf) $28 - $30

Ocean Centre

South Sea Centre

The Gateway Tower 1

Approx. Area (sq ft) 500 - 14,000

Approx. Area (sq ft) 2,600 - 12,000

Approx. Area (sq ft) 2,000 - 18,000

Estimated Effective Rent (HKD psf) $36 - $42

Estimated Effective Rent (HKD psf) $29 - $32

Estimated Effective Rent (HKD psf) $38 - $48

The Gateway Tower 2

The Gateway Tower 6

Tsim Sha Tsui Centre

Approx. Area (sq ft) 1,000 - 18,000

Approx. Area (sq ft) 2,000 - 13,000

Approx. Area (sq ft) 1,000 - 6,500

Estimated Effective Rent (HKD psf) $38 - $50

Estimated Effective Rent (HKD psf) $48 - $57

Estimated Effective Rent (HKD psf) $35 - $40

China Hong Kong City 33 Canton Road

5 Canton Road

75 Mody Road

25 Canton Road

9 Canton Road

25 Canton Road

66 Mody Road

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Kowloon

852 2822 0722 offices.kowloon@colliers.com

Page 32 | Colliers International | Moving Times

Hot Listings Billion Plaza II

Laford Centre

Park Building

Approx. Area (sq ft) 348 - 11,600

Approx. Area (sq ft) 570 - 7,800

Approx. Area (sq ft) 750 - 6,300

Estimated Effective Rent (HKD psf) $23 - $25

Estimated Effective Rent (HKD psf) $16 - $18

Estimated Effective Rent (HKD psf) $18 - $20

Peninsula Tower

Saxon Tower

Trade Square

Approx. Area (sq ft) 680 - 10,500

Approx. Area (sq ft) 550 - 8,000

Approx. Area (sq ft) 1,800 - 13,000

Estimated Effective Rent (HKD psf) $18 - $20

Estimated Effective Rent (HKD psf) $24 - $27

Estimated Effective Rent (HKD psf) $21 - $23

Ever Gain Plaza

Manhattan Centre

Metroplaza Tower 1

Approx. Area (sq ft) 1,700 - 10,800

Approx. Area (sq ft) 8,900 - 15,800

Approx. Area (sq ft) 1,400 - 15,300

Estimated Effective Rent (HKD psf) $16 - $18

Estimated Effective Rent (HKD psf) $15 - $16

Estimated Effective Rent (HKD psf) $30 - $32

8 Cheung Yue Street, Cheung Sha Wan

838 Lai Chi Kok Road, Cheung Sha Wan

534-538 Castle Peak Road, Cheung Sha Wan

88 Container Port Road, Kwai Chung

7 Cheung Shun Street, Cheung Sha Wan

8 Kwai Cheong Road, Kwai Chung

476 Castle Peak Road, Cheung Sha Wan

KOWLOON WEST

KOWLOO N

681 Cheung Sha Wan Road, Cheung Sha Wan

223 Hing Fong Road, Kwai Chung

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Kowloon

852 2822 0722 offices.kowloon@colliers.com

Colliers International | Moving Times | Page 33

OTHERS

KOWLOO N

Hot Listings The Metropolis Tower

10 Metropolis Drive, Hung Hom

One Grand Tower

639 Nathan Road, Mongkok

Park-In Commercial Centre

56 Dundas Street, Mong Kok

Approx. Area (sq ft) 1,200 - 11,000

Approx. Area (sq ft) 400 - 17,000

Approx. Area (sq ft) 400 - 6,700

Estimated Effective Rent (HKD psf) $33 - $37

Estimated Effective Rent (HKD psf) $40 - $50

Estimated Effective Rent (HKD psf) $26 - $30

Skyway House

The Long Beach

Stelux House

Approx. Area (sq ft) 500 - 11,500

Approx. Area (sq ft) 75,000

Approx. Area (sq ft) 1,800 - 13,300

Estimated Effective Rent (HKD psf) $16 - $18

Estimated Effective Rent (HKD psf) $23 - $27

Estimated Effective Rent (HKD psf) $18 - $20

AIA Financial Centre

Delta House

Grand Central Plaza

Approx. Area (sq ft) 3,000 - 11,800

Approx. Area (sq ft) 700 - 16,800

Approx. Area (sq ft) 1,200 - 7,600

Estimated Effective Rent (HKD psf) $21 - $23

Estimated Effective Rent (HKD psf) $17 -$19

Estimated Effective Rent (HKD psf) $30 - $32

3 Sham Mong Road, Tai Kok Tsui

712 Prince Edward Road East, San Po Kong

Hoi Fai Road, Olympic Station

3 On Yiu Street, Sha Tin

698 Prince Edward Road East, San Po Kong

138 Sha Tin Rural Committee Road, Sha Tin

Estimated effective rent (HK$ per sq ft) is calculated by deducting incentives for a 36-month term from the face rental and is NOT the landlord’s quoted figure.

(G) = Gross

(L) = Lettable

(N) = Net

Office Services - Kowloon

852 2822 0722 offices.kowloon@colliers.com

Page 34 | Colliers International | Moving Times

KOWLOO N

Recent Leasing Transactions Building

Approx. Area (sq ft)

Deal Type

Business Nature of Tenant

Monthly Effective Rent (HKD psf)

The Gateway Tower 6

24,547 (G)

New Letting

IT & T

$40.00

World Finance Centre South

19,579 (G)

Renewal

Sourcing

$36.00

Chinachem Golden Plaza

20,400 (G)

New Letting

Consumer Products

$26.25

China Hong Kong City Tower 5

8,076 (G)

New Letting

Others

$29.00

Kowloon Centre

8,028 (G)

New Letting

Others

$33.00

One Harbour Square

54,942 (G)

New Letting

Shipping / Logistics

$27.00

Pioneer Place

42,186 (G)

New Letting

Shipping / Logistics

$18.80

Wong Tze Building

14,496 (G)

New Letting

Education

$19.54

Skyline Tower

28,292 (G)

Renewal

Sourcing

$20.50

Exchange Tower

26,686 (G)

New Letting

Consumer Products

$26.70

Trade Square

21,650 (G)

New Letting

Shipping / Logistics

$20.00

Saxon Tower

8,092 (G)

Renewal

Consumer Products

$24.50

Cheung Sha Wan Plaza 2

7,700 (G)

New Letting

Others

$19.36

Metroplaza Tower 1

5,438 (G)

New Letting

IT & T

$32.00

Kowloon Commerce Centre Tower 2

17,207 (G)

New Letting

Banking / Finance / Insurance

$25.00

The Harbourfront Tower 1

9,825 (G)

Renewal

Others

$29.50

Harbourfront Landmark

17,807 (G)

New Letting

Education

$24.00

16,668 (G)

Renewal

Consumer Products

$37.50

9,527 (G)

New Letting

Others

$17.00

TSIM SHA TSUI

KOWLOON EAST

KOWLOON WEST

HUNG HOM

MONG KOK Grand Century Place Tower 1 NEW TER RITORIES Delta House

(G) = Gross

(L) = Lettable

(N) = Net

Colliers International | Moving Times | Page 35

COLLIERS INTERNATIONAL | MARKE T OVERVIEW

HEART

BEAT

Leasing activities set to improve

Page 36 | Colliers International | Moving Times

Grade A Vacancy Rate

4Q 2014

4Q 2013

2Q 2014

2Q 2013

4Q 2012

4Q 2011

-1,000,000

Source: Colliers

2Q 2012

-500,000

2Q 2011

0.0% 4Q 2010

0 2Q 2010

3.0%

4Q 2009

500,000

2Q 2009

6.0%

4Q 2008

1,000,000

2Q 2008

9.0%

4Q 2007

1,500,000

2Q 2007

Net Floor Area (sq ft)

Grade A Office Net Take-up

-3.0%

-6.0%

COLLIERS INTERNATIONAL | MARKE T OVERVIEW

INVEST

Hong Kong Office Investment Sales Transactions 20

Total Turnover (HK$ billion)

18 16 14 12 10

Historical Average: HK$6.4 billion

8 6 4 2

3Q 2014

1Q 2014

1Q 2013

3Q 2013

3Q 2012

3Q 2011

1Q 2012

1Q 2011

1Q 2010

3Q 2010

3Q 2009

1Q 2009

3Q 2008

1Q 2008

3Q 2007

1Q 2007

1Q 2006

3Q 2006

3Q 2005

1Q 2005

3Q 2004

1Q 2004

0

Note: Investment sales transactions with lump sums of HK$30 million or above Source: EPRC

Colliers International | Moving Times | Page 37

ON RAMP Global Partners 63 Countries

485 OFFICES

Some see a set of stairs. Colliers sees an office space from which great opportunities rise. Whether investing or leasing, transacting or valuating, Colliers is helping businesses make better, smarter, faster decisions related to real estate assets. With a platform extending to 63 countries and 485 offices, even more global businesses are relying on Colliers to anticipate the future, and accelerate their success. colliers.com

Colliers International | Moving Times | Page 39

Colliers International Agency Limited Company Licence No: C-006069

Office Services - Hong Kong 5701 Central Plaza, 18 Harbour Road Wanchai Hong Kong Tel: 852 2822 0668 Fax: 852 2869 4082 Email: offices.hongkong@colliers.com

www.colliers.com

Office Services - Kowloon Unit 6, 16/F BEA Tower, Millennium City 5 418 Kwun Tong Road, Kwun Tong Kowloon Tel: 852 2822 0722 Fax: 852 2117 3311 Email: offices.kowloon@colliers.com