NO.105 WAI YIP STREET
KWUN TONG, KOWLOON

(Kwun Tong Inland Lot No.574)

INTRODUCTION
No. 105 Wai Yip Street is situated on the northeastern side of Wai Yip Street near it’s junction with Shun Yip Street in Kwun Tong in Kowloon.

In April 2010, the Government introduced measures to revitalize industrial buildings in Hong Kong. Our building has been approved and executed for wholesale conversion and redevelopment.
The property will be revitalized into a modern commercial office building with 7/F - 11/F reserved for office uses and G/F - 6/F reserved for commercial uses. It has a total gross floor area of 20,772 sq.ft and a site area of 2,095 sq.ft..

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Kwun Tong, now accommodating nearly 30,000 firms and more than 260,000 jobs, with the synergy and impetus to be injected by the Kai Tak Development , Kwun Tong has gathered the momentum for a new wave of development. The Government adopts a visionary, coordinated and integrated approach to facilitate the transformation of Kwun Tong into an additional attractive CBD of Hong Kong to support our economic growth and strengthen our global competitiveness.

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THE OPPORTUNITY
We are pleased to offer No. 105 Wai Yip Street, Kwun Tong, Kowloon (the “Property”) for sale. It is a 12-storey 33-yearold factory building and we have revitalized it into a modern commercial office building with the entry of new F&B and retail tenants.

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The property is located at Wai Yip Street, Kwun Tong. Its boundary stretches from Lion Rock in the north to Lei Yue Mun in the south, and from the winding paths of Kowloon Peak in the east to the north coast of the former Kai Tak Airport runway in the west. Kwun Tong was, and remains, a major industrial area, but its population has been growing rapidly. In view of this, a number of commercial development projects, such as APM, the largest shopping and commercial complex in Hong Kong have been implemented in recent year by Sun Hung Kai Properties.

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In April 2011, the Chief Executive of Hong Kong announced the policy measures to revitalize vacant and under-utilized
industrial buildings in non-industrial zones in his 2009-2010 Policy Address. The objective of the new measures
is to provide readily available and suitable land and premises to meet Hong Kong’s economic and social needs, including
the development of higher value-added economic activities. Though contributions from both government
and private enterprises undoubtedly have importance throughout the development history of Kwun Tong, the new measures will substantially increase the supply of premises released from industrial buildings. A wide range of businesses would be able to benefit from the more competitive rents arising from the increased supply. The increased supply of such premises will also meet social needs by providing more affordable places for commercials. Large financial institution such as Manulife, Citi Group, AXA and AIA has also recently moved portions of their business into Kwun Tong.

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The rapid development, its intensive manufacturing activities, being home for half a million people and a considerable working force makes our property an excellent investment opportunity with tremendous upside potential.