Nam Dao Commercial Building at 359-361 Queen's Road Central, Hong Kong, owned by a seasoned investor, has engaged Citiland Surveyors as its strategic consultant and appointed sales agent. The property will be sold in subdivided units, starting with floors 6, 7, 8, 10, and 14. Units, each approximately 3,662 sq ft, are available for immediate occupancy, with prices starting at $6,729 per sq. ft.

Gilbert Tang, Managing Director of Citiland Surveyors Limited, remarked, “The social unrest in 2019 and the COVID-19 pandemic from 2020 to 2022 had a significant impact on commercial properties in Hong Kong. Since the full reopening between Hong Kong and the mainland in early 2023, the economic recovery has been slower than expected, with property prices declining by approximately 50-60%. Currently, commercial property values seem undervalued, with limited potential for further decline. With rental yields exceeding 4%, this presents a highly attractive investment opportunity.”

Nam Dao Commercial Building is located in a prime business district in Sheung Wan, near the MTR Sheung Wan Station and the Hong Kong-Macau Ferry Terminal, providing convenient access to public transport, including buses, minibuses, and trams. The building features two entrances facing different roads and offers column-free units with well-designed, practical layouts and open views, making it an excellent investment for both owner-occupiers and investors.

Gilbert Tang further revealed, “The surrounding area has evolved into a commercial and financial district, featuring banks and multinational headquarters nearby. This project offers competitive pricing, catering to various user needs while delivering strong rental returns and asset appreciation for investors.”