AdvertisementHong Kong propertyBusinessMarkets
Rare 6-month office flip suggests Hong Kong’s prime market is stabilising
Such moves could soon become more common, analysts say, with buyers hunting for discounted prime office space as market sentiment improves
2-MIN READ2-MIN Listen
Peggy YePublished: 10:30am, 24 Jul 2026Updated: 10:39am, 24 Jul 2026
A buyer who bought an office in a top-tier location in Hong Kong has sold it for an apparent 19 per cent gain just over six months later, a rare transaction that suggests improving conditions in the city’s prime office market are beginning to reshape investment decisions.
The 5,400 sq ft office on the 37th floor of Far East Finance Centre in Admiralty changed hands for HK$108 million (US$13.8 million), or about HK$20,000 per square foot, in early July, according to market sources.
The same space had been acquired for HK$90.72 million via a company in December, Land Registry records show.
Sources said the owner was a mainland consortium that had intended to use the property for its own operations, but instead opted to sell after transaction activity accelerated and prices in the city’s core business districts began to recover.
The buyer – a long-established local family – acquired the office as a long-term investment, attracted by its location and unobstructed harbour views, the sources added.
The rare flip comes as Hong Kong’s prime office market begins to emerge from one of its deepest downturns on record, raising the question of whether investors who bought at distressed prices are starting to cash in.
“There will be more institutional funds and cash-rich buyers entering the market hunting for discounted offices, and we expect to see the early stages of short-term trading, similar to this transaction,” said Tommy Chan, senior director and deputy head of investment and sales at Savills Hong Kong.
AdvertisementSelect VoiceSelect Speed00:0000:001.00x