Moving Times 2Q 2015

HONG KONG EDITION

JUNE 2015

Hong Kong Commercial Real Estate at Your Fingertips

PEAK

PEAK

PEAK

TROUGH

TROUGH

TROUGH

OVERALL

HONG KONG

KOWLOON

Where are we now?

More Expansionary Demand Among Tenants on Hong Kong Island The best of the best

Market outlook

A comprehensive portfolio showcasing premier office leasing opportunities across Hong Kong

Rent increases across the board

Tenant relocation continues

HONG KONG’S

C OVER S TORY

More Expansionary Demand Among Tenants on Hong Kong Island

36

Hong Kong Island 5 9

Sole Agency Appointments Special Listings Hot Listings

10

Recent Leasing Transactions

16

Kowloon Sole Agent

KC100

20

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

18 23 31 32

37

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

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 - 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

SHEUNG WAN

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

Golden Centre

188 Des Voeux Road Central > > > > >

> >

Surrender space Approx. area: 1,453 sq ft gross Open city view New fit out 3 Manager Rooms, 1 Meeting Room, Open Plan 4 workstations Direct located above Sheung Wan MTR Station Availability: Negotiable

Jonathan Der (S-453079)

Philip Leung (S-468410)

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

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

Page 6 | Colliers International | Moving Times

Sole Agent

1 Duddell Street > > > > > > > >

Surrender space Approx. area: 3,011 sq ft gross Rare whole floor vacancy Fully-fitted (beauty centre fit-out) or bare-shell Office tenant is welcomed Competitive rental package 5-minute walk to Central MTR Station Availability: Negotiable

CENTRAL

HONG KONG ISL AND

Layout plan (For identification purpose only)

James Lai (S-415275) 852 2822 0548 | 852 9367 1850 james.lai@colliers.com

ADMIRALTY

Sole Agent

United Centre 95 Queensway

> Sub-letting space > Approx. Area: 4,571 sq ft gross > Fitted or Bareshell - Fitted = (9 Manager Rooms and 24 workstations) > Facing the Central Government Complex with a harbour view > Multinational Bank as Head Lessee > Attractive & Cost Effective Rental Package > Availability: July 2015

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 Colliers International | Moving Times | Page 7

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 Bare shell Subdivisible area Availability: Immediate

Floor plan (For identification purpose only)

Candise Lai (E-071171)

Jonathan Der (S-453079)

852 2822 0680 | 852 9882 3381 candise.lai@colliers.com

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

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

Page 8 | Colliers International | Moving Times

Special Listing

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

CENTRAL

HONG KONG ISL AND

> 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)

Special Listing

Harcourt House 39 Gloucester Road > > > > > >

Approx. area: 4,100 sq ft gross High zone Full sea view Fully fitted Close to public transportation Availability: Immediate

WAN CHAI

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

Candise Lai (E-071171) 852 2822 0680 | 852 9882 3381 candise.lai@colliers.com 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) 13,553 - 27,106 (L)

Approx. Area (sq ft) 3,161 - 6,219 (L)

Estimated Effective Rent (HKD psf) $105 - $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) 3,021 - 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) 1,682 - 34,272 (L)

Approx. Area (sq ft) 954 - 33,136 (L)

Estimated Effective Rent (HKD psf) $70 - $80

Estimated Effective Rent (HKD psf) $70 - $80

Entertainment Building 30 Queen’s Road Central

Hutchison House 10 Harcourt Road

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

Approx. Area (sq ft) 650 - 3,352 (G)

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

Estimated Effective Rent (HKD psf) $60 - $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

Page 10 | Colliers International | Moving Times

Hot Listings LHT Tower

Lippo Centre

31 Queen’s Road Central

89 Queensway Approx. Area (sq ft) 1,401 - 5,590 (L)

Approx. Area (sq ft) 1,618 - 8,000 (G)

Estimated Effective Rent (HKD psf) $85 - $87

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

Nexxus Building

CENTRAL / ADMIRALTY

HONG KONG ISL AND

One International Finance Centre

77 Des Voeux Road Central

1 Harbour View Street Approx. Area (sq ft) 2,724 - 9,971 (L)

Approx. Area (sq ft) 2,532 - 7,249 (L)

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

Estimated Effective Rent (HKD psf) $130 - $140

Printing House

Prosperity Tower

6 Duddell Street

39 Queen’s Road Central Approx. Area (sq ft) 200 - 3,530 (G)

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

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

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

Shanghai Commercial Bank Headquarters Building 10-12 Queen’s Road Central

Approx. Area (sq ft) 4,236 up (L) Estimated Effective Rent (HKD psf)

Two International Finance Centre 8 Finance Street

Approx. Area (sq ft) 3,947 - 24,100 (L) Estimated Effective Rent (HKD psf)

$130 - $140

Negotiable

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) 1,048 - 9,000 (G)

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

Estimated Effective Rent (HKD psf) $48 - $55

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

Shun Tak Centre

200 Connaught Road Central

Approx. Area (sq ft) 2,292 - 8,112 (G)

Approx. Area (sq ft) 1,130 - 9,163 (G)

Estimated Effective Rent (HKD psf) $40 - $43

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

The Center

The Wellington

99 Queen’s Road Central

198 Wellington Street Approx. Area (sq ft) 1,577 - 13,186 (G)

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

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

Estimated Effective Rent (HKD psf) Negotiable

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) 1,335 - 10,506 (L)

Approx. Area (sq ft) 2,196 - 15,471 (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 - 10,587 (G)

Approx. Area (sq ft) 1,865 - 9,596 (L)

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

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

Harcourt House

Hopewell Centre

Approx. Area (sq ft) 1,331 - 2,004 (G)

Approx. Area (sq ft) 1,304 - 47,046 (L)

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

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

Shui On Centre

Sun Hung Kai Centre

6-8 Harbour Road

30 Harbour Road

Approx. Area (sq ft) 390 - 5,442 (G)

Approx. Area (sq ft) 1,248 - 6,706 (L)

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

Estimated Effective Rent (HKD psf)

Sunlight Tower

Tai Tung Building

248 Queen’s Road East

8 Fleming Road

Approx. Area (sq ft) 1,670 - 3,521 (G)

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

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

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 - $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 One Hysan Avenue

Sino Plaza

1 Hysan Avenue

255-257 Gloucester Road Approx. Area (sq ft) 2,988 - 5,510 (L)

Approx. Area (sq ft) 748 - 23,031 (G)

Estimated Effective Rent (HKD psf) $43 - $44

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

Soundwill Plaza

Lee Garden One

38 Russell Street

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

Approx. Area (sq ft) 3,584 - 15,000 (L)

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

Estimated Effective Rent (HKD psf) $50

Times Square

Top Glory Tower

1 Matheson Street

262 Gloucester Road Approx. Area (sq ft) 1,199 - 39,069 (G)

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

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

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

Windsor House, ACE Tower 311 Gloucester Road

World Trade Centre 280 Gloucester Road

Approx. Area (sq ft) 1,194 - 19,897 (G)

Approx. Area (sq ft) 1,640 - 12,770 (G)

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

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 - 31,419 (G)

Approx. Area (sq ft) 1,678 - 3,998 (G)

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

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

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) 10,045 - 30,135 (G)

Approx. Area (sq ft) 1,731 - 59,000 (L)

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

Estimated Effective Rent (HKD psf) $38 up

AIA Tower

Citicorp Centre

183 Electric Road

18 Whitfield Road Approx. Area (sq ft) 1,481 - 2,018 (L)

Approx. Area (sq ft) 1,861 - 4,731 (G)

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

Estimated Effective Rent (HKD psf) $29

Prosperity Millennia Plaza 663 King’s Road

Best Building in Island East Island East

Approx. Area (sq ft) 938 - 2,943 (G)

Approx. Area (sq ft) 996 - 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)

SHEUNG WAN / CENTRAL 33 Des Voeux Road Central AIA Central AIA Central China Building Citibank Plaza, Citibank Tower

1,700 (G) 4,200 (L) 27,200 (L) 14,700 (G) 17,800 (L)

Citibank Plaza, ICBC Tower

16,700 (L)

Grand Millennium Plaza, COSCO Tower Grand Millennium Plaza, COSCO Tower Infinitus Plaza Infinitus Plaza Man Yee Building Man Yee Building Nine Queen's Road Central One IFC Prosperity Tower Ruttonjee Centre, Ruttonjee House The Center Two IFC Two IFC Two IFC Wing On Centre Wing On House Wyndham Place A DM IR A LT Y Far East Finance Centre Far East Finance Centre Lippo Centre - Tower 1 Lippo Centre - Tower 1 WA N CH A I / C AUS E WAY BAY Lee Garden Five (18 Hysan Avenue) 88 Gloucester Road Chinachem Century Tower Convention Plaza, Office Tower Hysan Place Lee Garden One World Trade Centre I S L A ND E A ST @Convoy 148 Electric Road 625 King's Road 633 King's Road Chinachem Exchange Square Chinachem Exchange Square Island Place Tower Olympia Plaza Prosperity Millennia Plaza Prosperity Millennia Plaza WO NG CH U K H A N G Global Trade Square TS IM S H A TS U I International Commerce Centre (ICC) (G) = Gross

(L) = Lettable

(N) = Net

Page 16 | Colliers International | Moving Times

Deal Type

Business Nature of Tenant

Monthly Face Rent (HKD psf)

20,200 (G) 20,500 (G) 4,200 (G) 3,200 (G) 11,500 (L) 1,400 (L) 5,000 (G) 2,600 (L) 3,100 (G) 4,900 (G) 102,500 (G) 9,200 (L) 4,000 (L) 4,200 (L) 3,000 (G) 8,900 (G) 3,500 (G)

New Lease New Lease Renewal Renewal Renewal Renewal & Rent Review Renewal Renewal New Lease New Lease New Lease New Lease Renewal New Lease New Lease Renewal Renewal Renewal New Lease Renewal Renewal Renewal Renewal

Transportation & Logistics Banking & Finance Banking & Finance Real Estate Banking & Finance Banking & Finance Real Estate Banking & Finance Banking & Finance banking & Finance Banking & Finance Banking & Finance Banking & Finance Banking & Finance Banking & Finance Banking & Finance Trading

10,800 (G) 10,600 (G) 3,500 (G) 3,300 (G)

New Lease New Lease New Lease Renewal

Banking & Finance Banking & Finance Electronics Banking & Finance

$53.00 $63.00 $51.00 $50.00

2,900 (L) 4,300 (G) 2,000 (G) 10,000 (G) 6,000 (L) 4,800 (L) 6,900 (G)

New Lease New Lease New Lease New Lease New Lease Renewal New Lease

I.T. Food & Beverages Trading Chemicals Pharmaceutical I.T. Beauty

$52.00 $34.00 $33.00 $66.00 $80.00 $63.00 $50.00

5,300 (G) 3,400 (G) 4,800 (G) 10,000 (G) 8,200 (G) 5,900 (G) 4,800 (G) 3,300 (G) 7,800 (G) 8,300 (G)

New Lease New Lease New Lease New Lease Renewal Renewal Renewal New Lease Renewal New Lease

I.T. Chemicals I.T. Government / Organization Media Government Insurance Insurance Media Media

$35.00 $31.00 $31.00 $25.00 $26.00 $26.00 $28.50 $25.50 $26.50 $29.35

4,200 (G)

New Lease

Design / Advertising

$25.00

Renewal

Banking & Finance

$63.00

44,800 (G)

Banking & Finance Banking & Finance Banking & Finance Entertainment Banking & Finance

$58.00 $109.00 $126.00 $78.00 $76.00

Banking & Finance

$78.50 $51.50 $56.50 $50.00 $46.50 $76.50 $72.00 $52.00 $135.00 $71.00 $49.50 $55.50 $125.00 $152.80 $135.00 $65.00 $45.00 $41.50

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

Kowloon

KWUN TONG

KOWLOO N

Sole Agent

The Rays

71 Hung To Road > 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 > 7 minutes walking distance to Kwun Tong MTR Station

High Zone Plan (For identification purpose only)

Steve Ng (E-188091)

Ella Lai (S-342139)

852 2822 0753 steve.ng@colliers.com

852 2822 0758 ella.lai@colliers.com

Page 18 | Colliers International | Moving Times

Low Zone Plan (For identification purpose only)

KOWLOO N

Colliers International | Moving Times | Page 19

The Intelligent 1 0 0 K WA I C H E O N G R O A D K WA I C H U N G With the booming supply of revitalised office buildings in the Kowloon commercial market, KC100 stands out tall amongst the competition. Through the rise of Kowloon West commercial developments, KC100 is set to be the unsurpassed iconic building by renowned developer Campell Group.

Strategically located across the Kwai Hing MTR Station, KC100 is a linked Grade A commercial/retail premise. From its grand lobby complete with fine finishing to the Johnson Control security system to the practicality of the raised floor system, the premise brings the definition of a “Revitalised Building” to a whole new level.

Supreme Grade A Building With 150mm raised floor, aluminum ceiling system with T5 florescent light tube, curtain wall with low-e double glazed panels, 5 office passenger lifts, normal power 240 AMP TPN and comprehensive Metasys Building Automation system by Johnson Controls, KC100 is assembled with the best material in the market and promises to be more than an office building, it’s set to be the districts’ landmark with quality as its differentiator.

Page 20 | Colliers International | Moving Times

SOLE MARKETING AGENT

Choice

Colliers International | Moving Times | Page 21

SOLE MARKETING AGENT

Multi-networked Connectivity

HI NG

Via the Tung Chung line, the Kwai Hing MTR Station is just 6 stations away from Central and a mere 18 minutes from the bustling district of Mong Kok. With its prime position opposite to the MTR linked Kowloon Commerce Centre, KC100 stands to leverage the vast variety of food and beverage options available in the vicinity. Upon completion of the upcoming semiretail building - Live @ KCC - the district is expected to be transformed into a booming retail hub.

KW AI

Sun Kwai Hing Plaza

Taxi Stand

Kowloon Commerce Centre

HIN

Mini Bus

CH

UN

G

RO

ROAD

Metroplaza

AD

FOO KWAI

Bus Stop

NG

KW AI

F&B Outlet

D

OA

GR

ON GF

I FO

KWA

TAI LI N

KW AI O

NR

OAD

PAI ROAD

For identification purposes only and not to scale

> > > >

Approx. area: 24,000 sq ft gross / floor Immdiate available Quality building specifications 3 minutes walking distance to Kwai Hing MTR Station

Floor plan (For identification purpose only)

SOLE MARKETING AGENT

www.colliers.com

COLLIERS INTERNATIONAL AGENCY LIMITED Unit 2309-10, 23/F BEA Tower Millennium City 5, 418 Kwun Tong Road Kwun Tong, Kowloon

Patrick Mak

Jonathan Liu

patrick.mak@colliers.com

jonathan.liu@colliers.com

Company Licence Number: C-006069

(E-187858)

852 2822 0752

852 2822 0760 (E-328848)

Hot Listing

Manulife Financial Centre 223-231 Wai Yip Street

KWUN TONG KOWLOON BAY

KOWLOO N

Floor plan (For identification purpose only)

> > > > >

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

Patrick Mak (E-187858)

Ivan Wong (E-241525)

852 2822 0752 patrick.mak@colliers.com

852 2822 0756 ivan.wong@colliers.com Colliers International | Moving Times | Page 23

TSUEN WAN

KWUN TONG

KOWLOO N

Hot Listing

Lu Plaza

2-4 Wai Yip Street > > > >

180-degree Seaview Typical floor area: 23,000 sq ft gross approx.

Whole floor units are available Shuttle bus available

Ivan Wong (E-241525)

Jonathan Chan (S-467510)

852 2822 0756 ivan.wong@colliers.com

852 2822 0762 jonathan.chan@colliers.com

Hot Listing

The Octagon

6 Sha Tsui Road

> Grade A office tower with approx. 400,000 sq ft gross > State-of-the-art Specifications > Practical floor plate of approx. 15,000 sq ft gross with 2850mm 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 Station provided > An en-bloc ownership by renowned K. Wah Group

Murphy Chung (E-216220)

Otto Hui (S-467500)

852 2822 0755 murphy.chung@colliers.com

852 2822 0761 otto.hui@colliers.com

Page 24 | Colliers International | Moving Times

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 4Q 2015 - 1Q 2016 On top of shopping mall, Megabox

Fiona Ngan (E-197789)

Wang Cheung (E-242098)

852 2822 0751 fiona.ngan@colliers.com

852 2822 0757 wang.cheung@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)

Ella Lai (S-342139)

852 2822 0753 steve.ng@colliers.com

852 2822 0758 ella.lai@colliers.com Colliers International | Moving Times | Page 25

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: 19,550 -21,180 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

Steve Ng (E-188091)

Ella Lai (S-342139)

852 2822 0753 steve.ng@colliers.com

852 2822 0758 ella.lai@colliers.com

Page 26 | 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

Hot Listing

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

Patrick Mak (E-187858)

Winson Lam (E-167195)

852 2822 0752 patrick.mak@colliers.com

852 2822 0754 winson.lam@colliers.com

HUNG HOM KOWLOON BAY

Hot Listing

KOWLOON BAY

KOWLOO N

Colliers International | Moving Times | Page 27

KOWLOON BAY

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)

Ella Lai (S-342139)

852 2822 0753 steve.ng@colliers.com

852 2822 0758 ella.lai@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)

Ivan Wong (E-241525) 852 2822 0756 ivan.wong@colliers.com Page 28 | Colliers International | Moving Times

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

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)

Ivan Wong (E-241525)

852 2822 0752 patrick.mak@colliers.com

852 2822 0756 ivan.wong@colliers.com

Hot Listing

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

Approx. area: 700 - 15,000 sq ft gross Multiple whole floors available Direct bridge linkage to Kwai Fong MTR Station In-house shoping centre Open view

Winson Lam (E-167195) 852 2822 0754 winson.lam@colliers.com

KWAI CHUNG KOWLOON BAY

Hot Listings

KWUN TONG KOWLOON BAY

KOWLOO N

Rose Tam (S-496380) 852 2822 0764 rose.tam@colliers.com Colliers International | Moving Times | Page 29

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)

Winson Lam (E-167195)

Simon Yu (S-414452)

852 2822 0754 winson.lam@colliers.com

852 2822 0759 simon.yu@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)

Simon Yu (S-414452)

852 2822 0754 winson.lam@colliers.com

852 2822 0759 simon.yu@colliers.com

Page 30 | Colliers International | Moving Times

The Gateway Prudential Tower 193 Prince Edward Road West > > > >

Typical floor area: 21,000 sq ft gross approx.

Close to MTR Station and bus terminus On top of a large shopping mall Developed by Sun Hung Kai and well managed�

Winson Lam (E-167195)

Simon Yu (S-414452)

852 2822 0754 winson.lam@colliers.com

852 2822 0759 simon.yu@colliers.com

Joint Sole Agent

Nanyang Plaza 57 Hung To Road > > > >

Approx. area: 1,700 - 5,600 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)

Jonathan Chan (S-467510)

852 2822 0753 steve.ng@colliers.com

852 2822 0762 jonathan.chan@colliers.com

KWUN TONG KOWLOON BAY

Sole Agent

TSIM SHA TSUI KOWLOON BAY

KOWLOO N

Colliers International | Moving Times | Page 31

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 - 4,7 00

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 - 5,400

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) $20 - $22

The Mark

164 Wai Yip Street, Kwun Tong

Kwun Tong Harbour Plaza 182 Wai Yip Street, Kwun Tong

Approx. Area (sq ft) 3,563

Approx. Area (sq ft) 2,300 - 13,000

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

Estimated Effective Rent (HKD psf) $16- $17

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

SML Tower

165 Hoi Bun Road, Kwun Tong

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

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

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

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

United Overseas Plaza

9 Sheung Yuet Road, Kowloon Bay

Billion Centre

1 Wang Kwong Road, Kowloon Bay

Approx. Area (sq ft) 3,200 - 16,500

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

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

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) 7,600 - 40,000

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

Estimated Effective Rent (HKD psf) $18- $22

Estimated Effective Rent (HKD psf) $22- $24

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

TSIM SHA TSUI

KOWLOO N

Hot Listings Empire Centre

Miramar Tower

68 Mody Road

1-23 Kimberley Road

Approx. Area (sq ft) 718 - 3,400

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

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

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

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

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

New Mandarin Plaza

Ocean Centre

14 Science Museum Road

5 Canton Road

South Sea Centre

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

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

Approx. Area (sq ft) 2,700 - 12,000

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

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

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

The Gateway Tower 1

The Gateway Tower 2

The Gateway Tower 6

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

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

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

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

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

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

China Hong Kong City 33 Canton Road

25 Canton Road

25 Canton Road

75 Mody Road

9 Canton 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 34 | Colliers International | Moving Times

Hot Listings Billion Plaza II

Laford Centre

8 Cheung Yue Street, Cheung Sha Wan

838 Lai Chi Kok Road, Cheung Sha Wan

Saxon Tower

7 Cheung Shun Street, Cheung Sha Wan

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

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

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

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

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

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

Trade Square

Ever Gain Plaza

Manhattan Centre

Approx. Area (sq ft) 1,800 - 8,000

Approx. Area (sq ft) 1,700 - 20,000

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

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

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

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

Millennium Trade Centre

Properity Centre

Yoo Hoo Tower

Approx. Area (sq ft) 1,000 - 4,300

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

681 Cheung Sha Wan Road, Cheung Sha Wan

223 Hing Fong Road, Kwai Chung

88 Container Port Road, Kwai Chung

77-81 Container Port Road, Kwai Fong

KOWLOON WEST

KOWLOO N

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

Colliers International | Moving Times | Page 35

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) 660 - 6,700

Estimated Effective Rent (HKD psf) $32 - $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

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

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

Approx. Area (sq ft) 600 - 7,000

Approx. Area (sq ft) 1,200 - 7,500

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

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

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

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 36 | 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)

TSIM SHA TSUI Miramar Tower

12,817

Renewal & Expansion

Others

$39.00

The Gateway Tower 2

5,666

Renewal

Others

$47.00

China Hong Kong City Tower 2

10,766

Renewal

Banking / Finance / Insurance

$31.00

The Gateway Prudential Tower

8,914

Renewal

Sourcing

$40.00

Ocean Centre

3,591

New Letting

Others

$42.00

$26.00

KOWLOON EAST Millennium City 6

49,935

Renewal

Others

Millennium City 5

25,624

Renewal

Consumer Products

$31.50

Pioneer Place

21,093

New Letting

Manufacturing

$19.00

Octa Tower

11,900

Renewal

Sourcing

$23.00

Enterprise Square Tower 3

9,258

New Letting

Banking / Finance / Insurance

$17.47

KOWLOON WEST Ever Gain Plaza Tower 1

21,650

Renewal

IT & T

$16.00

9 Wing Hong Street

23,458

Renewal

Shipping / Logistics

$20.67

Metroplaza Tower 1

9,515

Renewal

Others

$30.90

Park Building

6,301

New Letting

Consumer Products

$18.47

Cheung Sha Wan Plaza 2

4,700

Renewal

Manufacturing

$25.00

11,564

New Letting

Sourcing

$26.52

4,150

Renewal

IT & T

$37.50

20,800

Renewal

IT & T

$38.00

13,330

Renewal

Manufacturing

$16.00

89,834

New Letting

Banking / Finance / Insurance

$33.90

HUNG HOM The Harbourfront Tower 2 The Metropolis Tower MONG KOK Grand Century Place Tower 2 SAN PO KONG Stelux House NEW TER RITORIES Grand Central Plaza Tower 1

(G) = Gross

(L) = Lettable

(N) = Net Colliers International | Moving Times | Page 37

COLLIERS INTERNATIONAL | MARKE T OVERVIEW

HONG KONG’S

HEART

BEAT

More

Leasing on Hong Kong Island improved in 1Q 2015, with a wide range of occupiers opting for expansion, especially the banking and finance sector. Large occupiers in Central looking to take up more space were mostly looking for suitable space within the district, near existing operations, due to the limited availability of sizeable units in decentralized locations on the island. For instance, a financial media company committed to lease a whole floor of about 33,000 sq ft in Citibank Plaza in Central for expansion.

The major Grade A office sub-markets saw increased net take-up, with the exception of Wan Chai/Causeway Bay, where a couple of pockets of space came back onto the market. Net take-up across Hong Kong as a whole increased 47% quarter-on-quarter to about 246,800 sq ft. Central, with net take-up of 91,600 sq ft, and Kowloon East, with net take-up of 163,300 sq ft, led the way. Overall vacancy level across the major Grade A office sub-markets decreased from 4.1% in 4Q 2014 to 3.7% in 1Q 2015.

Grade A Office Net Take-up

Colliers View

1Q 2015

3Q 2014

4Q 2014

1Q 2014

2Q 2014

3Q 2013

4Q 2013

1Q 2013

2Q 2013

3Q 2012

4Q 2012

1Q 2012

2Q 2012

-250,000

3Q 2011

0.0% 4Q 2011

0 1Q 2011

3.0%

2Q 2011

250,000

3Q 2010

6.0%

4Q 2010

500,000

1Q 2010

9.0%

2Q 2010

Net Floor Area (sq ft)

750,000

Grade A Vacancy Rate

12.0%

1,000,000

-3.0%

-500,000

-6.0%

-750,000

-9.0% -12.0%

-1,000,000

Source: Colliers

The limited supply of office space on Hong Kong Island continues to make life challenging for occupiers that are thinking about relocating. We anticipate that most tenants will remain in place if their leases expire in 2015 because there will be no significant savings upon intra-district relocations.

Nevertheless, the major factor that will govern the behaviour of relocating tenants will be the change in their demand for space.

Office tenants outside the finance sector became interested in property options in Wong Chuk Hang. A key driver is the anticipated completion of South Island Line (East), scheduled by the end of 2016. With new office developments coming on line, a group of landlords in the district are offering incentives to attract tenants.

Rents increase across the board Positive net takeup underpinned rents across the board. Overall Grade A office rents increased 1.4% quarter-on-quarter (QoQ) to HK$64.7 per sq ft per month in 1Q 2015. Rents in Central/Admiralty rose 1.2% QoQ to HK$93.4. Island East experienced a 1.7% QoQ increase to HK$45.8. Kowloon East rose 1.1% QoQ to HK$35.4 per sq ft per month.

Overall Grade A Rental Forecast (QoQ) 1.4% 1.2%

CENTRAL / ADMIRLATY

1.7% 1.1%

OVERALL

ISLAND EAST KOWLOON EAST

Page 38 | Colliers International | Moving Times

Colliers View There is increased demand for space coupling from tenants.

But there is also an insignificant amount of new supply, and vacancies are low, all of which we anticipate will support rents.

We forecast that Central and Admiralty will outperform other districts, with anticipated growth of 7% in 2015. Rental growth in Kowloon East will lag behind other districts, thanks to the new supply coming on line in the next few years. Overall Grade A office rents is expected to increase by 3.6% in 2015.

COLLIERS INTERNATIONAL | MARKE T OVERVIEW

expansionary demand among tenants on Hong Kong Island Kowloon East attracts tenants looking to control costs Most sizeable tenants in Kowloon opted to renew their leases in 1Q 2015. Meanwhile, individual shipping, trading and sourcing companies chose to relocate to Kowloon East to rationalise their rental outgoings. For instance, Zim Integrated Shipping Services, an Israeli shipping company, recently leased about 46,000 sq ft in Pioneer Place in Kwun Tong. The company will relocate from One Island East in Quarry Bay to the new premises. There’s another example in the form of a fashion-supply company that will relocate from its existing 14,000-sq ft office in Tsim Sha Tsui, expanding into office premises in Kowloon West with a total floor area of 24,000 sq ft.

Colliers View Kowloon East will remain the major source of office supply in the medium term. Both the primary and secondary markets will offer a wide range of property options to tenants and owner-occupiers. We anticipate that companies demanding premises of 15,000 sq ft or above in particular will favour Kowloon East.

Colliers View

Sales volume contracts Office-sale transactions contracted further in 1Q 2015, with the total value of transactions for properties priced above HK$30 million down 57% from the previous quarter to HK$2.4 billion.

That is well below the long-term average of HK$6.4 billion per quarter. The decline in sales volume was due to a mismatch in price expectations between buyers and vendors, as well as the limited available stock for sale. Despite the decline in property transactions, developers remain confident in office properties, especially in decentralised areas. In January 2015, The Link REIT made its first foray into development, a joint venture with Nan Fung to build a retail/office building in Kwun Tong. The team outbid 10 other contenders and won the commercial site in Kwun Tong for a total of HK$5.86 billion, or an accommodation value of HK$6,630 per sq ft.

Owner-occupiers remain the main group of buyers for strata-title office properties, with investors deterred by the government’s cooling measures. At the end of February, the Hong Kong Monetary Authority further tightened mortgage-lending rules, covering both residential and non-residential properties.

Even though the prospective buyers of office premises can get financing through alternative sources, the latest round of cooling measures has dampened buying sentiment.

We predict that the potential upside in properties prices for traditional office premises in core locations is limited, in anticipation of moderate rental growth and the risk of an interest-rate hike in the second half of 2015. Investment yields are expected to edge up by 5 basis points and will continue to hover around 3% in coming quarters. Most prospective buyers will continue to seek higher opportunistic returns through refurbishments and the repositioning of tenants. Some will expand their search for opportunities to decentralised areas such as Wong Chuk Hang, Kowloon East and Kwai Chung.

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 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