_Sale of 10 Office Floors and a G/F retail unit at Viva Place in Wong Chuk Hang

Knight Frank is pleased to announce the sale of 6/F to 18/F (total 10 office floors) and the ground-floor retail unit at Viva Place in Wong Chuk Hang, brokering the sale on behalf of the vendor, Viva Properties, and the purchaser, Dah Sing Bank. Each office floor has a gross floor area of approximately 11,641 sq ft, while the ground-floor retail unit has a saleable area of approximately 1,262 sq ft, bringing the total floor area to approximately 117,672 sq ft.

The purchase price of HKD838,730,600, translates to an average price of HKD7,128 per sq ft. The consideration includes the building’s naming rights, 20 car parking spaces, and associated advertising signs.

Paul Hart, Managing Director, Commercial Markets, Knight Frank Hong Kong, adds, “Viva Place enjoys a prime location with excellent transport connectivity. It is only a three-minute walk to Wong Chuk Hang MTR Station and just six minutes away from Admiralty, providing seamless connections to four major railway lines and easy access to Hong Kong’s core business districts. The project features high-specification finishes and environmentally friendly, energy-efficient building materials. Its modern lobby design, together with a Sky Garden located on 16/F, enhances the overall occupier experience. The building has achieved both BEAM Plus and WELL Core Gold certifications, offering an efficient and sustainable working environment that is particularly well-suited for corporate back-office operations. As market sentiment improves, we expect office transaction activity to pick up this year, supported by end-user demand and growing investor interest.”