Press Release
CBRE are appointed by the Mortgagee as the Sole Agent For Sale of a Property Portfolio
January 20, 2025
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE are appointed by the Mortgagee as the Sole Agent for the sale of a property portfolio including:
1) En-bloc of No.3 Yu Chau Street, Prince Edward, Kowloon
2) High-floor unit, No. 36 Belleview Drive (Block 3), with 1 CPS, Repulse Bay Garden, Repulse Bay, Hong Kong
3) Whole floor of 3/F of Manson Industrial Building, Shau Kei Wan, Hong Kong
En-bloc of No. 3 Yu Chau Street, with a total saleable area of approximately 4,096 square feet, spanning 4 floors. it will become a distinctive small composite building afte renovation, directly opposite the Prince Edward MTR station exit, making it highly convenient and visible, a potential popular photo spot.
High floor of Block 3, Repulse Bay Garden, with saleable area of approximately 2,576 square feet, featuring 3 ensuites and a large terrace, offering sea views of Repulse Bay beach. This property is a rare large unit available for sale in the estate. Whole 3/F of Manson Industrial Building, with gross area of approximately 7,480 square feet, a floor height of about 3.4 meters, and a floor load capacity of 7.2 kPa.
Sam Mock, Executive Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong says: “Local capital market started to heat up from the third quarter of 2024, mainly driven by funds from foreign investors and local old families, resulting in active trading in the property investment market. Small investment properties in particular, which are not constrained by bank lending, leading to a significant increase in transaction volume. Looking ahead, we believe investors and users in the market are seeking suitable investment opportunities. In addition, sale by mortgagees are generally priced below market value, making them even more attractive to buyers. En-bloc of No. 3 Yu Chau Street continues to benefit from the rising demand for student and talent accommodation, catering to the current high demand for 'small en-bloc building' properties, which are very popular among investors. Repulse Bay Garden is a prestigious development in Repulse Bay. Big unit type of 2,576 sq. ft. is rarely listed on market for sale, with the last large unit of same size sold in October 2023: 17/F of Block 3 sold for 80 million, with unit price of HK$31,056. We believe the unit for sale is expected to attract considerable interest from potential users. Whole 3/F of Manson Industrial Building has an efficient floor plate and is one of the few full-floor industrial properties available in the area, in excellent condition, with a selling price lower than nearby transactions."
For inquiries about the property details, please contact Sam Mock, Executive Director (T: +852 9013 3319) or Churchill Keung, Assistant Manager (Phone: +852 6679 2298), Investment Property & Private Office, Capital Markets, CBRE Hong Kong.
1) En-bloc of No.3 Yu Chau Street, Prince Edward, Kowloon
2) High-floor unit, No. 36 Belleview Drive (Block 3), with 1 CPS, Repulse Bay Garden, Repulse Bay, Hong Kong
3) Whole floor of 3/F of Manson Industrial Building, Shau Kei Wan, Hong Kong
En-bloc of No. 3 Yu Chau Street, with a total saleable area of approximately 4,096 square feet, spanning 4 floors. it will become a distinctive small composite building afte renovation, directly opposite the Prince Edward MTR station exit, making it highly convenient and visible, a potential popular photo spot.
High floor of Block 3, Repulse Bay Garden, with saleable area of approximately 2,576 square feet, featuring 3 ensuites and a large terrace, offering sea views of Repulse Bay beach. This property is a rare large unit available for sale in the estate. Whole 3/F of Manson Industrial Building, with gross area of approximately 7,480 square feet, a floor height of about 3.4 meters, and a floor load capacity of 7.2 kPa.
Sam Mock, Executive Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong says: “Local capital market started to heat up from the third quarter of 2024, mainly driven by funds from foreign investors and local old families, resulting in active trading in the property investment market. Small investment properties in particular, which are not constrained by bank lending, leading to a significant increase in transaction volume. Looking ahead, we believe investors and users in the market are seeking suitable investment opportunities. In addition, sale by mortgagees are generally priced below market value, making them even more attractive to buyers. En-bloc of No. 3 Yu Chau Street continues to benefit from the rising demand for student and talent accommodation, catering to the current high demand for 'small en-bloc building' properties, which are very popular among investors. Repulse Bay Garden is a prestigious development in Repulse Bay. Big unit type of 2,576 sq. ft. is rarely listed on market for sale, with the last large unit of same size sold in October 2023: 17/F of Block 3 sold for 80 million, with unit price of HK$31,056. We believe the unit for sale is expected to attract considerable interest from potential users. Whole 3/F of Manson Industrial Building has an efficient floor plate and is one of the few full-floor industrial properties available in the area, in excellent condition, with a selling price lower than nearby transactions."
For inquiries about the property details, please contact Sam Mock, Executive Director (T: +852 9013 3319) or Churchill Keung, Assistant Manager (Phone: +852 6679 2298), Investment Property & Private Office, Capital Markets, CBRE Hong Kong.
About CBRE Group, Inc
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.