Kai Tak office building future rent 50 yuan wins Kwun Tong

The Kowloon East Kai Tak New Development Area has successively launched commercial land and will provide more than 24.54 million square meters of commercial floors in the future, which is expected to create a new business district. It is expected that the rent of Grade A commercial buildings in the Kai Tak New Development Area will be $45 to $50, which is higher than that of Kwun Tong and Kowloon Bay.

Yan Huiping, head of Colliers International Commercial Property Services, said that according to the statistics of the bank, there are 12 sites in the entire Kai Tak New Development Area for commercial or hotel development purposes, providing a total floor area of over 24.45 million square feet, which is more than Central and Gold. The total number of clocks is 1.2 times, which is 1.8 times more than that of Kwun Tong and Kowloon Bay. It will become the focus of future business districts.

Yan Huiping pointed out that as the Kai Tak has the MTR (00066) Sha Chung Line, the journey to Central is within 20 minutes. The traffic is more convenient than that of Kwun Tong and Kowloon Bay. It is believed that it will attract multinational corporations and financial institutions from the core area to Kai Tak. It is expected that the first batch of Grade A commercial buildings will be able to be leased for $45 to $50. The potential is greater than that of Kwun Tong and Kowloon Bay. The existing Grade A commercial buildings in Kwun Tong and Kowloon Bay will be leased at $30.