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20 Mar

New World Sells Upper Floor Units of Grade A Commercial Tower for Close to HKD240M, Setting Largest Post-Pandemic Transaction Record

Buoyed by the post-pandemic optimism and economic rebound, New World’s NCB Innovation Centre in Cheung Sha Wan is said to have recorded another significant transaction. A basket of units in the building’s upper floor was sold to a buyer for close to HKD240 million, setting the largest post-pandemic transaction record of the prestigious Grade A commercial building.

Eighty percent of the project's Gross Floor Area (GFA) has been snapped up since its launch. And about 10 transactions, which amounted to HK$400M in sales, were recorded around the reopening of Hong Kong’s borders, underscoring the strong demand for high-quality office spaces in the market.

Located at 888 Lai Chi Kok Road in Cheung Sha Wan, NCB Innovation Centre is strategically situated and in close proximity to Lai Chi Kok MTR Station, with seamless access to different modes of transportation. It is a mere eight-minute drive from the West Kowloon High-Speed Rail Station and approximately 26 minutes from the Hong Kong-Zhuhai-Macao Bridge. In addition, it is just 30 minutes from the Hong Kong International Airport and the Shenzhen Bay Bridge by car. In recent years, Cheung Sha Wan has been transforming into a core commercial district in West Kowloon, with immense development potential.