Central Weixiang Building 22,833 sq ft Floors Tender at HK$269M
AM730 · 1 SOURCESabout 1 hour ago2 MIN
Summary
A rare multi-floor commercial property in Central's core business district has been put up for tender, with a market value of approximately HK$269 million. The three floors at Weixiang Building on Queen's Road Central span a total of 22,833 square feet, translating to about HK$11,800 per square foot. The tender closes on September 29, with the property offered in both occupied and vacant possession conditions.
Key Points
- The property comprises the high ground floor commercial portion, plus full floors on the 1st and 2nd levels of Weixiang Building at 138 Queen's Road Central, totaling approximately 22,833 sq ft
- The high ground floor commercial area spans roughly 5,903 sq ft, the 1st floor approximately 8,410 sq ft, and the 2nd floor about 8,520 sq ft
- The units are connected by an internal staircase, allowing flexible use as a combined triple-level flagship or subdivision and subleasing
- According to Tse Lap-sang, Senior District Sales Director at Centaline (Commercial) Office Division, the tender closes on September 29, with the owner open to negotiating the asking price based on market conditions and buyer sincerity
- The 24-storey building features central air-conditioning, ceiling heights exceeding 3 meters, and floor loading of 5kPa, suitable for finance, healthcare, education, fitness, dining, or luxury retail tenants
- Industry sources indicate the property may be held by FTI Properties or associated parties, with nearby commercial synergies expected from a project by Tai Tak Asia and Capital Strategy expected to complete mid-year
Why It Matters
The listing reflects growing confidence among Central office landlords as multinational corporations, financial institutions, and Southeast Asian funds increasingly acquire space in Hong Kong's prime business district. This sale opportunity targets a narrow market segment—properties exceeding 20,000 sq ft with built-in staircases—which rarely appear on the market, potentially attracting institutional buyers seeking trophy headquarters or flagship retail presences in Central .
The listing reflects growing confidence among Central office landlords as multinational corporations, financial institutions, and Southeast Asian funds increasingly acquire space in Hong Kong's prime business district. This sale opportunity targets a narrow market segment—properties exceeding 20,000 sq ft with built-in staircases—which rarely appear on the market, potentially attracting institutional buyers seeking trophy headquarters or flagship retail presences in Central .