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
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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
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