Attraction: Ginza Commercial Building, 93 Wai Yip Street, Kwun Tong
Kwun Tong benefited from launching Kowloon East Project and attracted many enterprises to station. Whole Building Ginza Commercial Building, 93 Wai Yip Street, Kwun Tong, was recently completed to provide new options for the district.
Provide multiple options for retail use
93 Wai Yip Street, Kwun Tong was newly built in 2016. It is a new type of commercial building in the district. Property 26 floors, is a Ginza-style commercial buildings. The potential for future development in the area is enormous with more than 5.8 million square feet of commercial floor completed. However, the property is a Ginza-style commercial building which can also be used by retail shops to provide a more diversified choice.
The property is adjacent to Ngau Tau Kok MTR Station, about a 10-minute walk. Access can also choose to take the bus and other means of transport, is still considered convenient. In the area of daily diet, there are quite a few restaurants in the adjoining industrial area. The ground floor of the property is now a coffee shop which provides catering services to property tenants and neighboring office workers.
The building is located across from One Bay East, a large commercial complex in the area. Grade A commercial buildings along Hoi Bun Road are favored by many large corporations. For example, Manulife and Citigroup bought the entire floor of the building in 2013 and 2014 with a total value of 4.5 billion yuan and 5.425 billion yuan respectively The potential for development in the region is evident. In the future, Nan Fung & Lead (00823) co-development of the waterfront into the fall, I believe it will be more attractive to large enterprises settled in the area.
High-rise units overlooking Kai Tak View
Property has 2 passenger lifts, pick up and drop on the business. The property is about 3.15 meters high with 1,120 to 1,605 square feet of floor space, of which 1 to 3 floors and 20 to 23 floors are full-floor units and 5 to 19 floors are divided into 3 floors per floor, ranging from 430 to 580 square feet of units.
From the property outlook for the Kowloon Bay area of view, more than 10 high-rise units overlooking the Kai Tak area of the landscape, open landscape.
All units in the building are equipped with toilets, which are quite private, and are also easily rented by the Group for use as headquarters. The 2-storey penthouse is currently used by the Group itself as its headquarters.
With huge rental potential in the region, WeWork, a co-work shopper in August 2017, leased a low-rise full-scale Mapletree Bay Point in Kwun Tong with an area of about 36,000 square feet at a rent of $ 25 per sq ft.
Another shared workspace retailer, Naked Hub, also rents nearly 100,000 square feet of floor at 133 Wai Yip Street in Kwun Tong.
With reference to the recent rental transactions in the region, the average rent per square foot ranges from $ 23 to $ 31. The newly rented flat, which occupies a gross area of about 968 square feet and occupies a gross area of about 968 square feet at $ 22,264, is about $ 23 per sq ft.