CBRE has been appointed by the Receiver as the sole agent for the sale of the property portfolio of One Vista with offer submission by sealed bid process. The development consists of two buildings at Nos. 1 & No. 3, San Hop Lane, Tuen Mun, New Territories. The sealed bid submission deadline is set for 12noon, 17 July 2024 (Wednesday).

This landmark, high-specification office and commercial development enjoys a strategic location in Tuen Mun with just around 3-minute walk from Tuen Mun MTR Station. It offers a seamless connectivity to The Hong Kong–Zhuhai–Macau Bridge (HZMB) via the Tuen Mun-Chek Lap Kok Tunnel to Macau and Zhuhai, as well as easy access to the Shenzhen Bay Port via the Hong Kong–Shenzhen Western Corridor. With a geographic edge from high-end professional services, logistics hubs, innovation and technology, and port-related businesses around the future Northern Metropolis, it is exposure to new opportunities from the synergy with the Greater Bay Area.

No. 1, San Hop Lane boasts a total gross floor area of around 79,504 sq. ft. (information provided by the Vendor, to be verified) across ten floors, including a retail podium from G/F, retail shops on 1/F to 3/F, a full-floor carpark on 5/F with direct access by car lift from office floors on 6/F to 10/F, and 6/F to 10/F. There is also unloading platforms on G/F. Building units range from approx. 3,616 sq. ft. to 12,239 sq. ft. A designated platform is assigned to some office units on 10/F. The entire building is suitable for flagship stores or headquarters for businesses.

Another part is No. 3 San Hop Lane, which is a 30-storey building with a car park on G/F and 320 office units ranging from around 478 sq. ft. to 3,098 sq ft (information provided by the Vendor, to be verified). The property features flexible layouts for different purposes. There are independent washrooms and 24-hour independent air-conditioning, and some units can enjoy panoramic views of the Tuen Mun River and Tuen Mun Park. Completed in 2020, both No. 1 & No. 3, San Hop Lane are considered as the landmark, high-specification office and commercial development in the Tuen Mun district.

Eugene Wong, Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong said: "Despite the uncertain geopolitical situation and high interest rate environment which have impacted the investment sentiment, the Government continues to attract innovative technology companies and international investors to operate or expand their businesses in Hong Kong. Many institutional investors and family offices with strong capital foundations are deploying their strategies in the market to diversify investments and improve liquidity, such as joining real estate investment projects. Located within the Northern Metropolis area, Tuen Mun borders the Guangdong-Zhuhai-Shenzhen region. We expect that new office and commercial development complex in the area will be favored by end-users and tenants. Business users can buy the property for business expansion."

Darren Yan, Associate Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong, added: "The relaunch of the Capital Investment Entrant Scheme (CIES), which now includes non-residential real estate investment as an eligible asset, has generated strong interest from investors looking to invest in Hong Kong for immigration purposes or to expand their overseas business and asset portfolio. They have been keen on Hong Kong commercial real estate market, especially when the market have undergone significant adjustments. We believe this will provide support to the market."

For further information, please contact Eugene Wong, Director, Investment Property & Private Office, Capital Markets or Darren Yan, Associate Director, Investment Property & Private Office, Capital Markets, CBRE Hong Kong as the details below.