Hong Kong Office Space Sale Expected to Attract Investors

A property consultancy has been appointed as the exclusive agent for the sale of the entire ninth floor of the Far East Finance Centre on Harcourt Road, Admiralty. According to RTHK, the property spans approximately 10,800 square feet and is a rare full-floor offering in the area. With the recent uptick in investment interest in the office market, it is anticipated to draw significant attention from corporate users and long-term investors. A senior director at the consultancy's Hong Kong Capital Markets Department noted recent successful transactions, including half a floor at Central Centre, units at Bank of America Tower, and a full floor at Lippo Centre. These deals indicate a growing demand for assets in prime locations, and the current property is expected to appeal to both investors and end-users, further stimulating market activity. The asking price for the property has been reduced from HKD 25,000 per square foot to HKD 18,000 per square foot, which is expected to attract seasoned investors and users eager to seize the opportunity.