Moving times november 15

HONG KONG EDITION

NOVEMBER 2015

Hong Kong Commercial Real Estate at Your Fingertips

PEAK

PEAK

PEAK

TROUGH

TROUGH

TROUGH

OVERALL

HONG KONG

KOWLOON

Where are we now?

New Office Demand Driven by Finance Sector The best of the best

Market outlook

A comprehensive portfolio showcasing premier office leasing opportunities across Hong Kong

Rental rise pick up pace

Divergence in Kowloon

HONG KONG’S

New office demand driven by finance sector

38

36 Hong Kong Island Joint Lead Marketing Agent

5

Sole Agency Appointments

6

Special Listings

9

Hot Listings

10 17

Recent Leasing Transactions

Kowloon

KC100

18

Sole Marketing Agent

18

Sole Agency Appointments Joint Sole Agency Appointments

20 24

Hot Listings

24

Recent Leasing Transactions

36

KEY TO PROPERTY ICONS Seaview

Mountain View

Garden View / Open 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 WONG CHUK HANG

Hong Kong Island

ASIA ORIENT TOWER 33 LOCKHART ROAD

Â&#x;

WA N C H A I

H O N G KO N G

Â&#x;

JOINT LEAD MARKETING AGENT This 29-storey building offers an excellent business environment built to top class specifications. The magnificent lobby and low-rise facade design is crafted by Mr. Koichiro Ikebuchi, whose impressive track record work includes Empire Hotel Hong Kong and The Westminster Terrace. n From 8,250-42,000 sq ft gross available n Immediate proximity to Admiralty n Car-parking spaces available n Newly renovated facade and lobby (work to commence from Q4 2015)

n Landlord provisions: Full metallic ceiling system & light panels n Rooftop signage rights available (subject to confirmation by the landlord)

Rooftop signage rights

FOR LEASING ENQUIRIES, CALL US NOW Colliers International Agency Limited Suite 5701, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong (Company Licence No. C-006069)

www.colliers.com

Billy Chak 852 2822 0687 | 852 9122 2621 (E-252317)

billy.chak@colliers.com

James Lai

852 2822 0548 | 852 9367 1850 (S-415275)

james.lai@colliers.com

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

HONG KONG ISL AND

WAN CHAI

Sole Agent

Shui On Centre 6-8 Harbour Road > > > > > > >

Approx. Area: 4,728 sq ft gross High zone Full sea view Direct to Lift Lobby Full ceiling system Attractive Effective Rental Package Availability: Immediate

Floor plan (For identification purpose only)

Candise Lai (E-071171) 852 2822 0680 | 852 9882 3381 candise.lai@colliers.com

Jonathan Der (S-453079) 852 2822 0555 | 852 9816 6613 jonathan.der@colliers.com

3 Lockhart Road > > > > > > >

Approx. area: 1,080 - 3,055 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

Typical floor plan (For identification purpose only)

Billy Ng (S-285378) 852 2822 0558 | 852 9145 8148

billy.ng@colliers.com

Sam Gourlay (S-480270) 852 2822 0618 | 9100 0307 sam.gourlay@colliers.com

Colliers International | Moving Times | Page 7

WAN CHAI

HONG KONG ISL AND

Sole Agent

China Overseas Building 139 Hennessy Road

> Surrender space (Two Units) > Approx. Area: 2,227 sq ft gross / 1,655 sq ft gross > Located above Wan Chai MTR Station > Modern decoration with Wet Pantry (both units) > Open Plan with 2 Meeting Rooms & 1 Manager Room > Availability: Negotiable

Piers Steward (S-499644) 852 2822 0656 | 852 9430 2147 piers.steward@colliers.com

Candy Fung (S-417780) 852 2822 0582 | 9041 4321 candy.fung@colliers.com

Fully Fitted Seaview Office Harbour Road > > > > >

Surrender space Approx. Area: 5,747 sq ft lettable Possession: Negotiable Sea and Mountain Views 5 Manager Rooms, 1 Conference Room, 1 Meeting Room, Open Plan 36 workstations, Server & Storage Rooms, Wet Pantry > Possession: Negotiable

Ryan Tong (S-322048) 852 2822 0613 | 852 9229 6000 ryan.tong@colliers.com

Page 8 | Colliers International | Moving Times

Michael Nardella (S-313821) 852 2822 0681 | 852 6473 7483 michael.nardella@colliers.com

HONG KONG ISL AND

ADMIRALTY

Sole Agent

United Centre 95 Queensway

> Sub-letting space > Approx. Area: 4,571 sq ft gross > Fitted with 7 Director Rooms > Facing the Central Government Complex with a harbour view > Multinational Bank as Head Lessee > Attractive & Cost Effective Rental Package > Availability: Immdediate

michael.nardella@colliers.com

Billy Ng (S-285378) 852 2822 0558 | 852 9145 8148 billy.ng@colliers.com

Special Listing

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

CENTRAL

Michael Nardella (S-313821) 852 2822 0681 | 852 6473 7483

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

Colliers International | Moving Times | Page 9

CENTRAL / ADMIRALTY

HONG KONG ISL AND

Hot Listings Bank of America Tower

8 Wyndham Street

12 Harcourt Road

8 Wyndham Street

Approx. Area (sq ft) 1,793 - 3,586 (G)

Approx. Area (sq ft) 1,400 - 18,000 (G)

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

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

Cheung Kong Center 2 Queen’s Road Central

China Building

29 Queen’s Road Central Approx. Area (sq ft) 4,602 - 22,006 (L)

Approx. Area (sq ft) 2,050 - 5,279 (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) 1,282 - 30,494 (L)

Approx. Area (sq ft) 954 - 7,530 (L)

Estimated Effective Rent (HKD psf) $100 - $110

Estimated Effective Rent (HKD psf) $100 - $110

Entertainment Building 30 Queen’s Road Central

Hutchison House 10 Harcourt Road

Approx. Area (sq ft) 2,210 - 4,858 (L)

Approx. Area (sq ft) 650 - 1,904 (G)

Estimated Effective Rent (HKD psf) $80 - $82

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

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 Kinwick Centre

Lippo Centre

32 Hollywood Road

89 Queensway Approx. Area (sq ft) 1,088 - 3,489 (G)

Approx. Area (sq ft) 829 - 9,784 (G)

Estimated Effective Rent (HKD psf) $40 - $42

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

New World Tower

CENTRAL / ADMIRALTY

HONG KONG ISL AND

Nexxus Building

16-18 Queen’s Road Centra/

77 Des Voeux Road Central Approx. Area (sq ft) 957 - 4,920 (G)

Approx. Area (sq ft) 8,089 - 18,256 (L)

Estimated Effective Rent (HKD psf) $65 - $68

Estimated Effective Rent (HKD psf) $68 - $72

Printing House

Prosperity Tower

6 Duddell Street

39 Queen’s Road Central Approx. Area (sq ft) 740 - 3,530 (G)

Approx. Area (sq ft) 3,600 - 5,442 (G)

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

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

Shanghai Commercial Bank Tower 12 Queen’s Road Central

Approx. Area (sq ft) 4,236 up (L) Estimated Effective Rent $75 - $85

Two International Finance Centre 8 Finance Street

Approx. Area (sq ft) 1,638 - 23,638 (L) Estimated Effective Rent (HKD psf)

$125 - $140

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 - 6,910 (G)

Approx. Area (sq ft) 1,225 - 12,000 (G)

Estimated Effective Rent (HKD psf) $38 - $40

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

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

Shun Tak Centre

200 Connaught Road Central

Approx. Area (sq ft) 2,292 - 4,855 (G)

Approx. Area (sq ft) 1,130 - 10,548 (G)

Estimated Effective Rent (HKD psf) $46 - $53

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

The Center

The Wellington

99 Queen’s Road Central

198 Wellington Street Approx. Area (sq ft) 2,224 - 13,509 (G)

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

Estimated Effective Rent (HKD psf) $55 - $70

Estimated Effective Rent (HKD psf) $45 - $55

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

Hot Listings Central Plaza

China Resources Building

18 Harbour Road

26 Harbour Road

Approx. Area (sq ft) 814 - 7,032 (L)

Approx. Area (sq ft) 2,651 - 9,233 (L)

Estimated Effective Rent (HKD psf)

$55 - $65

Estimated Effective Rent (HKD psf) $50 - $58

Great Eagle Centre

Harbour Centre

Approx. Area (sq ft) 911 - 3,753 (G)

Approx. Area (sq ft) 1,222 - 3,567 (L)

Estimated Effective Rent (HKD psf) $52 - $70

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

Harcourt House

Hopewell Centre

Approx. Area (sq ft) 590 - 6,000 (G)

Approx. Area (sq ft) 966 - 47,046 (L)

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

Estimated Effective Rent (HKD psf) $52 - $60

Shui On Centre

Sun Hung Kai Centre

6-8 Harbour Road

30 Harbour Road

Approx. Area (sq ft) 1,846 - 4,728 (G)

Approx. Area (sq ft) 568 - 14,000 (L)

Estimated Effective Rent (HKD psf) $45 - $55

Estimated Effective Rent (HKD psf)

Sunlight Tower

Tai Tung Building

248 Queen’s Road East

8 Fleming Road

Approx. Area (sq ft) 738 - 10,589 (G)

Approx. Area (sq ft) 1,218 - 6,862 (G)

Estimated Effective Rent (HKD psf) $36 - $43

Estimated Effective Rent (HKD psf) $37 - $40

23 Harbour Road

39 Gloucester Road

WAN CHAI

HONG KONG ISL AND

25 Harbour Road

183 Queen’s Road East

$55 - $68

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 Lee Garden One

Midtown - Soundwill Plaza II

33 Hysan Avenue

1-29 Tung Lung Street Approx. Area (sq ft) 3,350 - 15,000 (L)

Approx. Area (sq ft) 2,877 - 8,682 (G)

Estimated Effective Rent (HKD psf) $62 - $65

Estimated Effective Rent (HKD psf) $43 - $45

Sino Plaza

Times Square

255-257 Gloucester Road

1 Matheson Street Approx. Area (sq ft) 1,538 - 11,538 (G)

Approx. Area (sq ft) 1,199 - 11,026 (G)

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

Estimated Effective Rent (HKD psf) $49 - $53

Top Glory Tower

Tower 535

262 Gloucester Road

535 Jaffe Road Approx. Area (sq ft) 1,417 - 6,352 (G)

Approx. Area (sq ft) 11,712 up (G)

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

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

Windsor House, ACE Tower 311 Gloucester Road

World Trade Centre 280 Gloucester Road

Approx. Area (sq ft) 1,661 - 7,492 (G)

Approx. Area (sq ft) 1,640 - 3,070 (G)

Estimated Effective Rent (HKD psf) $38 - $42

Estimated Effective Rent (HKD psf) $50 - $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

148 Electric Road

169 Electric Road

148 Electric Road Approx. Area (sq ft) 3,038 - 20,750 (G)

Approx. Area (sq ft) 1,678 - 2,210 (G)

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

Estimated Effective Rent (HKD psf) $24 - $26

ISLAND EAST

HONG KONG ISL AND

AIA Tower

1063 King’s Road

183 Electric Road

1063 King’s Road

Approx. Area (sq ft) 1,731 - 11,000 (L)

Approx. Area (sq ft) 1,860 - 24,982 (L)

Estimated Effective Rent (HKD psf) $38 up

Estimated Effective Rent (HKD psf) $45 - $47

Citicorp Centre

Johnson Place

18 Whitfield Road

14-16 Lee Chung Street Approx. Area (sq ft) 3,200 - 12,676 (G)

Approx. Area (sq ft) 12,000 up (G)

Estimated Effective Rent (HKD psf) $29

Estimated Effective Rent (HKD psf) $17 - $18

Prosperity Millennia Plaza 663 King’s Road

Best Building in Island East Island East

Approx. Area (sq ft) 765 - 2,185 (G)

Approx. Area (sq ft) 3,699 - 6,877 (L)

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

Estimated Effective Rent (HKD psf) $52 - $66

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)

SHEUNG WAN / CENTRAL / ADMIRALTY 100 Que en's Road Central

6,700 (G)

Renewal

I.T.

$77.00

33 Des Voeux Road Central

4,700 (G)

New Lease

Design / Advertising

$60.00

33 Des Voeux Road Central

3,900 (G)

New Lease

Banking & Finance

$59.00

13,600 (L)

New Lease

Real Estate

$115.50

5,900 (L)

New Lease

Banking & Finance

$90.00

AIA Central Bank of China Tower China Building

9,100 (G)

Rent Review

Banking & Finance

$72.00

Grand Millennium Plaza, COSCO Tower

19,700 (G)

New Lease

Banking & Finance

$51.00

Grand Millennium Plaza, COSCO Tower

1,100 (G)

New Lease

Banking & Finance

$54.00

Infinitus Plaza

1,700 (G)

Renewal

Legal

$49.00

LHT Tower

2,100 (L)

New Lease

Banking & Finance

$88.00

Renewal

Legal

$54.00

Lippo Centre - Tower 1

12,600 (G)

Lippo Centre - Tower 2

1,800 (G)

New Lease

Banking & Finance

$62.00

Nan Fung Tower

8,900 (L)

New Lease

Banking & Finance

$52.00

Nexxus Building

3,800 (L)

New Lease

Banking & Finance

$72.00

The Wellington

6,900 (G)

New Lease

Management Consulting

$43.50

United Centre

14,300 (G)

New Lease

Legal

$47.65

3,500 (G)

Renewal

Management Consulting

$75.00

3 Lockhart Road

3,100 (G)

New Lease

I.T.

$34.00

Central Plaza

3,900 (L)

Renewal

Banking & Finance

$60.00

Central Plaza

27,200 (L)

Renewal

Banking & Finance

$52.00

Fortis Tower

3,200 (G)

New Lease

Management Consulting

$38.00

Great Eagle Centre

5,800 (L)

Renewal

I.T.

$62.00

Great Eagle Centre

9,300 (L)

Renewal

I.T.

$62.00

Great Eagle Centre

24,800 (L)

Renewal

I.T.

$67.00

World-Wide House WA N CH A I / C AUS E WAY BAY

Harcourt House

4,100 (G)

New Lease

Transportation & Logistics

$43.00

Luk Kwok Centre

6,900 (L)

New Lease

Chemicals

$55.00

Sino Plaza

3,000 (G)

Renewal

Consulate General

$44.50

World Trade Centre

6,900 (G)

New Lease

Beauty / Hair / Fitness

$55.00

World Trade Centre

12,800 (G)

New Lease

Transportation & Logistics

$53.50

1063 King's Road

11,000 (L)

New Lease

Insurance

$41.00

633 King's Road

30,100 (G)

New Lease

Insurance

$32.00

633 King's Road

10,000 (G)

New Lease

Medical & Health

$27.50

AIA Tower

5,500 (L)

New Lease

Government

$35.00

AIA Tower

4,300 (L)

New Lease

Government

$44.00

Citicorp Centre

14,100 (G)

New Lease

Jewellery

$31.00

Citicorp Centre

14,100 (G)

Renewal

Insurance

$31.00

Global Trade Square

9,800 (G)

New Lease

I.T.

$20.00

Global Trade Square

9,700 (G)

New Lease

Beauty / Hair / Fitness

$23.00

IS L AND E AST

WO NG CH U K H A N G

(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

KWAI CHUNG

KOWLOO N

Sole Marketing Agent

Page 18 | Colliers International | Moving Times

KOWLOO N

KC100

100 Kwai Cheong Road > > > > >

Approx. area: 24,000 sq ft gross Immdiate available Quality building specifications F&B on retail floor 7 minutes walking distance to Kwai Hing MTR Station Typical Floor Plan (For identification purpose only)

Sam Li (E-232513) 852 2822 0780 sam.li@colliers.com

Colliers International | Moving Times | Page 19

KWUN TONG

KOWLOO N

Sole Agent

Page 20 | Colliers International | Moving Times

KOWLOO N

The Rays

71 Hung To Road

High Zone Plan (For identification purpose only)

> Approx. area: 7,285 - 10, 500 sq ft gross > Immediate available > One of the newest office building in Kowloon East and part of government’s CBD2 initiative > 8 minutes walking distance to Kwun Tong MTR Station

Low Zone Plan (For identification purpose only)

Sam Li (E-232513) 852 2822 0780 sam.li@colliers.com

Colliers International | Moving Times | Page 21

KWUN TONG

KOWLOO N

Joint Sole Agent

Manulife Financial Centre 223-231 Wai Yip Street > > > > >

Approx. area: 31,000 sq ft gross 180-degree harbour views Consecutive floors available in Q2 2016 Strategically located in the heart of Kowloon East Superb dining and leisure amenities

Floor plan (For identification purpose only)

Sam Li (E-232513) 852 2822 0780 sam.li@colliers.com

Page 22 | Colliers International | Moving Times

KOWLOO N

Colliers International | Moving Times | Page 23

KWUN TONG

KOWLOO N

Joint Sole Agent

Nanyang Plaza 57 Hung To Road > > > >

Approx. area: 1,000 - 6,000 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

TSIM SHA TSUI

steve.ng@colliers.com

Jonathan Chan (S-467510) 852 2822 0762

jonathan.chan@colliers.com

Hot Listing

8 Observatory Road 8 Observatory Road > > > > >

Typical floor area: 9,500 sq ft gross approx.

Immdiate available Prime location in Tsim Sha Tsui Surrounded by various Hotel and F&B facilities 6 minutes walking distance to Tsim Sha Tsui East MTR Station

Patrick Mak (E-187858) 852 2822 0752

patrick.mak@colliers.com Page 24 | Colliers International | Moving Times

Rose Tam (S-496380) 852 2822 0764

rose.tam@colliers.com

KOWLOO N

KOWLOON BAY

Hot Listings

Enterprise Square 5 38 Wang Chiu Road > > > >

Typical floor area: 15,960 - 18,590 sq ft gross Panoramic Seaview Consecutive floors available in Q4 2015 - Q1 2016 On top of shopping mall, Megabox

Ivan Wong (E-241525) 852 2822 0756

ivan.wong@colliers.com

Wang Cheung (E-242098) 852 2822 0757

wang.cheung@colliers.com

Skyline Tower 39 Wang Kwong Road > > > >

Approx. area: 700 – 29,000 sq ft gross Competitive reantal package Efficient floorplate Good tenancy mix within the portfolio

Patrick Mak (E-187858) 852 2822 0752

patrick.mak@colliers.com

Wang Cheung (E-242098) 852 2822 0757

wang.cheung@colliers.com Colliers International | Moving Times | Page 25

KOWLOON BAY

KOWLOO N

Hot Listing

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) 852 2822 0751

fiona.ngan@colliers.com

Steve Ng (E-188091) 852 2822 0753

steve.ng@colliers.com

Manhattan Place 23 Wang Tai Road > > > > >

Approx. area: 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

Ivan Wong (E-241525) 852 2822 0756

ivan.wong@colliers.com Page 26 | Colliers International | Moving Times

Ella Lai (S-342139) 852 2822 0758 ella.lai@colliers.com

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

Patrick Mak (E-187858) 852 2822 0752

patrick.mak@colliers.com

KWUN TONG KOWLOON BAY

KOWLOO N

Ivan Wong (E-241525) 852 2822 0756

ivan.wong@colliers.com

KOHO

73-75 Hung To Road > Approx. area: 6,700 - 24,545 sq ft gross > Revitalised office building > 7 minutes walking distance to Kwun Tong MTR Station

Floor plan (For identification purpose only)

Ivan Wong (E-241525) 852 2822 0756

ivan.wong@colliers.com

Wang Cheung (E-242098) 852 2822 0757

wang.cheung@colliers.com Colliers International | Moving Times | Page 27

KWAI CHUNG

KOWLOO N

Hot Listings

Metroplaza Tower 1 223 Hing Fong Road > > > > >

Approx. area: 900 - 15,000 sq ft gross Multiple whole floors available Direct bridge linkage to Kwai Fong MTR Station In-house shoping centre Open view

Steve Ng (E-188091) 852 2822 0753

MONG KOK

steve.ng@colliers.com

Rose Tam (S-496380)

852 2822 0764 rose.tam@colliers.com

Hot Listing

Langham Place 8 Argyle Street > > > >

Approx. area 1,600 - 12,000 sq ft gross Close to MTR Station and bus terminus On top of a large shopping mall Near to Langham Place Hotel

Patrick Mak (E-187858) 852 2822 0752

patrick.mak@colliers.com

Page 28 | Colliers International | Moving Times

Steve Ng (E-188091) 852 2822 0753

steve.ng@colliers.com

KOWLOO N

CHEUNG SHA WAN KOWLOON BAY

Hot Listing

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) 852 2822 0755

murphy.chung@colliers.com

Simon Yu (S-414452) 852 2822 0759

simon.yu@colliers.com

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

Approx. area: 1,000 - 15,000 sq ft gross Surrounded by F&B facilities Porfolio Landlord On top of MTR station

Murphy Chung (E-216220) 852 2822 0755

murphy.chung@colliers.com

Simon Yu (S-414452) 852 2822 0759

simon.yu@colliers.com Colliers International | Moving Times | Page 29

HUNG HOM

Hot Listings

The Harbourfront 18-22 Tak Fung Street > > > >

Typical floor area: 23,000 sq ft gross approx.

Panoramic habour view Adjacent to Hung Hom Ferry Piers and bus terminus Next to a 5-star hotel and many restaurants & banks

Steve Ng (E-188091) 852 2822 0753

KWAI CHUNG

steve.ng@colliers.com

Simon Yu (S-414452) 852 2822 0759

simon.yu@colliers.com

Hot Listing

Ever Gain Plaza 88 Container Port Road > > > >

Approx. area: 1,700 - 12,000 sq ft gross Immediately available 6-8 minutes walking distance to Kwai Fong MTR Station Good tenancy mix within the portfolio

Murphy Chung (E-216220) 852 2822 0755

murphy.chung@colliers.com Page 30 | Colliers International | Moving Times

Rose Tam (S-496380)

852 2822 0764 rose.tam@colliers.com

Hot Listings China Hong Kong City 33 Canton Road

Empire Centre 68 Mody Road

Approx. Area (sq ft) 718 - 10,500

Approx. Area (sq ft) 1,300 - 7,000

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

Estimated Effective Rent (HKD psf) $39 - $42

Energy Plaza

TSIM SHA TSUI KOWLOON BAY

KOWLOO N

Miramar Tower

92 Granville Road

1-23 Kimberley Road Approx. Area (sq ft) 6,000

Approx. Area (sq ft) 2,500 - 12,000

Estimated Effective Rent (HKD psf) $33 - $34

Estimated Effective Rent (HKD psf) $45 - $54

Ocean Centre

The Gateway Tower 1

5 Canton Road

25 Canton Road Approx. Area (sq ft) 700 - 4,000

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

Estimated Effective Rent (HKD psf) $37 - $42

Estimated Effective Rent (HKD psf) $40 - $48

The Gateway Tower 2 25 Canton Road

The Gateway Tower 6 9 Canton Road

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

Approx. Area (sq ft) 2,000 - 8,000

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

Estimated Effective Rent (HKD psf) $45 - $57

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

KOWLOON EAST

KOWLOO N

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

Kwun Tong View

410 Kwun Tong Road, Kwun Tong

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

Approx. Area (sq ft) 1,200 – 6,700

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

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

Millennium City 1

388 Kwun Tong Road, Kwun Tong

Millennium City 2

378 Kwun Tong Road, Kwun Tong

Approx. Area (sq ft) 850 - 3,400

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

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

Estimated Effective Rent (HKD psf) $26 - $28

Lu Plaza

Linkchart Centre

2-4 Wing Yip Street, Kwun Tong

2 Tai Yip Street, Kwun Tong Approx. Area (sq ft) 4,263

Approx. Area (sq ft) 2,000 - 23,000

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

Estimated Effective Rent (HKD psf) $16 - $19

Octa Tower

8 Lam Chak Street, Kwun Tong

Pioneer Place

213 Wai Yip Street, Kwun Tong

Approx. Area (sq ft) 17,000 - 23,800

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

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

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

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 Rykadan Capital Tower 135 Hoi Bun Road, Kwun Tong

South Asia Commercial Centre 64 Tsun Yip Street, Kwun Tong

Approx. Area (sq ft) 3,500 - 12,195

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

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

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

SML Tower

165 Hoi Bun Road, Kwun Tong

The Mark

164 Wai Yip Street, Kwun Tong

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

Approx. Area (sq ft) 1,600 3,563

Estimated Effective Rent (HKD psf) $17 - $20

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

Billion Centre

1 Wang Kwong Road, Kowloon Bay

Center Parc

11 Sheung Yuet Road, Kowloon Bay Approx. Area (sq ft) 17,000 - 33,000

Approx. Area (sq ft) 1,800 - 12,600

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

Estimated Effective Rent (HKD psf) $22 - $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 - $29

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 33

KOWLOON WEST

KOWLOO N

Hot Listings Billion Plaza II

Laford Centre

Park Building

Approx. Area (sq ft) 2,000 - 11,600

Approx. Area (sq ft) 570 - 9,000

Approx. Area (sq ft) 750 - 3,000

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

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

Estimated Effective Rent (HKD psf) $18 - $19

Saxon Tower

The Octagon

Manhattan Centre

Approx. Area (sq ft) 90 - 8,000

Approx. Area (sq ft) 7,000 - 15,000

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

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

Estimated Effective Rent (HKD psf) $13 - $18

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

Millennium Trade Centre

Properity Centre

Yoo Hoo Tower

Approx. Area (sq ft) 1,000 - 2,500

Approx. Area (sq ft) 7,500 - 15,000

Approx. Area (sq ft) 1,500 - 8,000

Estimated Effective Rent (HKD psf) $17 - $18

Estimated Effective Rent (HKD psf) $13 - $14

Estimated Effective Rent (HKD psf) $13 - $14

8 Cheung Yue Street, Cheung Sha Wan

838 Lai Chi Kok Road, Cheung Sha Wan

7 Cheung Shun Street, Cheung Sha Wan

56 Kwai Cheong Road, Kwai Chung

6 Sha Tsui Road, Tsuen Wan

77-81 Container Port Road, Kwai Fong

476 Castle Peak Road, Cheung Sha Wan

8 Kwai Cheong Road, Kwai Chung

38-42 Kwai Fung Crescent, Kwai Fong

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

Hot Listings Harbourfront Landmark

18-22 Tak Fung Street, Hung Hom

The Metropolis Tower

10 Metropolis Drive, Hung Hom

Park-In Commercial Centre

56 Dundas Street, Mong Kok

Approx. Area (sq ft) 33,000

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

Approx. Area (sq ft) 660 - 6,700

Estimated Effective Rent (HKD psf) $25 - $26

Estimated Effective Rent (HKD psf) $32 - $37

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

Grand Century Place

Skyway House

AIA Financial Centre

Approx. Area (sq ft) 1,500 - 10,000

Approx. Area (sq ft) 500 - 7,000

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

Estimated Effective Rent (HKD psf) $37 - $41

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

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

Stelux House

Delta House

Grand Central Plaza

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

Approx. Area (sq ft) 600 - 4,400

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

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

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

Estimated Effective Rent (HKD psf) $31 - $34

193 Prince Rdward Road West, Mong Kok

698 Prince Edward Road East, San Po Kong

3 Sham Mong Road, Tai Kok Tsui

3 On Yiu Street, Sha Tin

OTHERS

KOWLOO N

712 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

Colliers International | Moving Times | Page 35

KOWLOO N

Recent Leasing Transactions Building

Approx. Area (sq ft)

Deal Type

Business Nature of Tenant

Monthly Effective Rent (HKD psf)

The Gateway Tower 1

29,140 (G)

New Letting

Others

$46.00

China Hong Kong City Tower 5

18,000 (G)

Renewal

Consumer Products

$30.00

TSIM SHA TSUI

8 Observatory Road

9,874 (G)

New Letting

Banking / Finance / Insurance

$32.08

China Minmetals Tower

8,923 (G)

New Letting

Others

$31.00

Miramar Tower

2,960 (G)

New Letting

Banking / Finance / Insurance

$51.53

Lu Plaza

21,928 (G)

New Letting

Others

$15.00

Manhattan Place

21,180 (G)

Renewal

Consumer Products

$31.00

AIA Kowloon Tower

19,821 (G)

Renewal

Others

$29.00

Skyline Tower

18,239 (G)

New Letting

Others

$16.19

16,151 (G)

New Letting

Consumer Products

$18.33

Laford Centre

9,166 (G)

New Letting

Others

$16.00

Trade Square

8,160 (G)

New Letting

Others

$20.50

Metroplaza Tower 1

6,216 (G)

Renewal

Manufacturing

$31.00

Saxon Tower

3,816 (G)

New Letting

Manufacturing

$26.25

Cheung Sha Wan Plaza 1

3,800 (G)

Renewal

Manufacturing

$21.58

3,646 (G)

New Letting

Others

$39.00

Skyway House

11,509 (G)

New Letting

IT & T

$16.00

Langham Place

11,892 (G)

Renewal

IT & T

$37.50

11,849 (G)

Renewal

Shipping / Logistics

$18.60

4,405 (G)

New Letting

Others

$34.00

KOWLOON EAST

KOHO KOWLOON WEST

HUNG HOM The Metropolis Tower MONG KOK

SAN PO KONG AIA Financial Centre NEW TER RITORIES Grand Central Plaza Tower 1 (G) = Gross

(L) = Lettable

(N) = Net

Page 36 | Colliers International | Moving Times

Unrivalled

Experience Disciplined Approach Measurable

Results

Our comprehensive project management services complement Colliers’ real estate capabilities to give you our best-in-class expertise.

Financial Services SUN LIFE

A complex project involving a 19,000 sq ft live office coupled with demanding AV infrastructure integration and IT distribution cabling that was delivered on time and on budget. Sun Life was able to fully integrate into their new office with no interruption to their business.

Information Technology RUCKUS

Successful completion of the project under the new one-stop-shop package tailored for young companies looking to establish or expand their footprint. This had subsequently opened up an exciting new line of business in the face of a testing market constraint.

Manufacturing LORD

Completed the restack project in a record 14 days, delivering continuity of functionality, greater capacity, improved space efficiency and an enhanced look and feel at a price markedly below our competitor’s offer.

Retail FOOTLOCKER

A successfully facilitated “Design & Build” new office project which offered Footlocker the convenience of dealing with a single point of contact for the entire project. Through careful monitoring of all aspects of the project in a stream-lined manner, a customised solution was developed for Footlocker which met their design and budget expectations.

CONTACT OUR PROJECT MANAGEMENT EXPERT COLLIERS INTERNATIONAL Suite 5701 Central Plaza 18 Harbour Road Wanchai Hong Kong Company Licence No: C-006069

www.colliers.com

Gareth Barlow Executive Director ( +852 2822 0705 gareth.barlow@colliers.com

BEAT

COLLIERS INTERNATIONAL | MARKE T OVERVIEW

HONG KONG’S

HEART

New

Lease renewals continue to dominate the office-leasing market, with supply remaining tight. Net take-up in this quarter marked a new high since Q1 2012, pushing the overall Grade A office vacancy rate down from 3.9% in Q2 2015 to 2.9% in Q3 2015. Central / Admiralty took the lead with net take-up there accounting for about two-thirds of the overall total during the quarter, pushing the vacancy rate in the district down to about 1.6%, the lowest level since the Global Financial Crisis in 2008.

New demand for space in Central / Admiralty was mainly driven by corporates from mainland China. China Minsheng Bank, a major mainland commercial bank, replaced UBS as the tenant of one office floor in Two IFC. The Bank of Shanghai, a city-level commercial bank, took an additional floor of about 16,000 sq ft in Citibank Plaza. Some other Asian banks were looking for suitable options in non-core locations for expansion. For instance, Kookmin Bank Hong Kong, a subsidiary of the Korean bank, committed to lease over 8,000 sq ft in Central Plaza in Wan Chai.

In Kowloon, One Bay East in Kowloon Bay was completed in May 2015 with Citi and Manulife retaining the twin-tower development, with a total gross floor area of about 1 million sq ft, for owner-occupation. This reflects that quality office premises in Kowloon East remain attractive to owneroccupiers (e.g. insurers and financial companies) going forward.

Grade A Office Net Take-up 750,000

9.0%

500,000

6.0%

250,000

3.0%

0

0.0%

-250,000

Grade A Vacancy Rate

12.0%

1,000,000

1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015

The overall vacancy rate will remain low, with renewal activity continuing to dominate the market. Demand from mainland firms should remain strong. The tight supply in Central will result in companies that prioritise starting their business in the CBD, especially those from mainland China, moving into the fringe areas of Central. Individual mainland enterprises, especially those from the financial-services industry, are inquiring about property alternatives in Tsim Sha Tsui due to limited availability on Hong Kong Island.

Such occupiers prefer office premises along Canton Road with sizes of about 5,000 to 10,000 sq ft.

Net Floor Area (sq ft)

Colliers View

-3.0%

-500,000

-6.0%

-750,000

-9.0% -12.0%

-1,000,000

The future redevelopment of Warwick House in Island East has triggered the tenants to look for alternative addresses.

Swire Properties managed to retain most of these tenants in its portfolio. In view of the tight supply on Hong Kong Island, some of the tenants will move across the harbour, with Kowloon East as the major source of new supply in the coming few years.

Rental rise picks up pace Overall Grade A office rents increased 3.1 % quarter-on-quarter (QOQ), up from 2.0% growth in the previous quarter. Rents in Central / Admiralty outperformed other districts, increasing 5.5% QOQ during the review period.

3.1% GRADE A OFFICE RENT QOQ

Colliers View

Despite the stock-market turbulence over the past summer, mainland enterprises continue to look for suitable premises to establish their presence in the city. This drive is part of the mainland central government’s “Going Out” policy, which will also continue. Mainland corporates tend to choose Central as their first stop in Hong Kong, so we anticipate rental growth in Central will continue to outperform other districts over the near term as mainland corporates flow into the city.

According to our report “The footprint of Chinese banks in Hong Kong,” the common practice of mainland banks is to set up a local representative office in the city with a size of 2,000

Page 38 | Colliers International | Moving Times

to 3,000 sq ft for starters. These banks can expand their space as much as ten-fold in Grade A buildings in Central / Admiralty within two to three years of gaining their full banking licenses in Hong Kong.

Assuming a second batch of 15 mid-sized Chinese commercial banks will set up their full offices in the coming five years, the new demand for Central office space will be about 2% of the existing stock in the district. Given the ongoing tight supply, some non-financial tenants are expected to be priced out of Central.

COLLIERS INTERNATIONAL | MARKE T OVERVIEW

Office Demand Driven by Finance Sector Divergence in Kowloon The three-month moving average of re-exports slipped from positive growth of 3.7% year-on-year in February 2015 to a decline of 1.1% in May and another drop of 3.4% in August. Demand from sourcing and trading companies weakened amid the deteriorating re-export performance.

Sourcing and trading companies are major tenants in Tsim Sha Tsui and Kowloon East. In Q3 2015, we observed more cases of the need to find replacement tenants in the two districts. The new cases recorded in Q3 2015 exceeded the total in the first half of 2015. A group of landlords became more flexible in lease negotiations thanks to signs of softening in demand from tenants. As a result, rental growth in Tsim Sha Tsui slowed from 4.2% to 2.3% QOQ and was outperformed by Central and Island East in this quarter despite the lowest vacancy rate in Hong Kong.

Colliers View

The performance of re-exports will remain flat in the near term amid the current slowdown of China economic growth. The demand for office premises in Tsim Sha Tsui and Kowloon East will remain soft in near term as a significant portion of occupiers in the two districts is sourcing and China trade related. Looking forward, the rental performance in the two districts will continue to underperform other districts on Hong Kong Island.

Stock market volatility hurts market sentiment During the three-month period ended in August 2015, the total value of transactions for properties priced above HKD30 million increased 47% QOQ to HKD7.19 billion. Individual vendors became more open to pricing negotiations in view of slow local economic growth and the likely rise in interest rates.

However, the stock-market volatility in early August hurt market sentiment. The monthly transaction volume for strata-title properties priced above HKD30 million was in the range of HKD1.59 billion to HKD2.02 billion between May 2015 and July 2015. In August, the transaction volume of properties within this price bracket plummeted to HKD515 million.

Colliers View

Looking forward, the uncertainties related to the likely rise in interest rates will weigh on investment-market sentiment.

We expect transaction volume will slow down in Q4 2015.

There is growing concern about Hong Kong’s economic outlook with both local retail sales and exports showing signs of weakness. Local government statistics indicate that Grade A office yields have been hovering at an all-time low of 2.8% to 2.9% since Q1 2013. The future increase in interest rates is set to push up yield levels while putting downward pressure on office prices.

The Economist Intelligence Unit forecasts that local real GDP growth will slow from 2.7% in 2015 to 1.9% in 2016. We expect average Grade A office rental growth to decelerate from 9% in 2015 to 4% in 2016 as economic growth slows down. We anticipate that Grade A office prices will increase about 6% for the full year of 2015 before falling 5% next year.

2016 OUTLOOK

RENTAL GROWTH DECLINE TO

4%

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 2309, 23/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