HARBOUR CITY
Harbour City, the Group's flagship property situated in the commercial hub of Tsim Sha Tsui, boasts 8.41 million square feet of prime commercial space comprising offices, retail shops, serviced apartments, hotels and club, and approximately 2,000 car parking spaces. With its over 450 shops including about 60 restaurants and one cinema, Harbour City is home to Hong Kong's largest shopping, dining and entertainment centre.
RETAIL
Gross Floor Area
Average Occupancy (1H20)
Year-end Valuation (2019)
The two-million square feet of contiguous mall space continued to provide an unrivalled range of comprehensive product offerings, cementing its position as a “must-have” address for global brands. Its diversified ecosystem and proven asset management capabilities continued to retain the best-in-class brands and attract the most sought-after newcomers. Occupancy rate stood at a high level of 97% at year-end on the back of stable tenants’ demand.
As a curator of compelling retail experience, Harbour City proactively identifies and recruits the most differentiating and aspirational brands. Together with the delicious and amazing culinary offerings, the seamless combination of unique and alluring experience is elevating retail experience to new heights.
Ocean Terminal Extension (“OTE”) has been a new icon and must-see photographic hot spot of Hong Kong. The harbour front attraction is the ultimate destination for breathtaking views of Victoria Harbour and enjoyment of the city skyline from all angles. The opening of the delectable dining options at OTE also led to substantial patronage boost.
Harbour City is among the first malls in Hong Kong to incorporate art elements into mall events, making art appreciation part of people's daily lives. In addition to a number of art events held at the mall throughout the year, Harbour City has also devoted a 1,000-square-foot prime retail space on Level Two of Ocean Centre for the establishment of the unique "Gallery by the Harbour". Boasting a 20-foot high ceiling and full-height glass wall, this admission-free art gallery offers visitors a unique experience of appreciating art pieces from around the world against the backdrop of the stunning Victoria Harbour.
RETAIL TENANT MIX
(By Rental, Area and Sales)
OFFICE
Gross Floor Area
Average Occupancy (1H20)
Year-end Valuation (2019)
Boasting 4.6 million square feet in total, Harbour City offers the largest Grade A office portfolio in Kowloon with 10 commercial buildings including Gateway Tower 1, 2 and 6, Prudential Tower, Sun Life Tower, Ocean Centre, World Finance Centre (South and North), Wharf T&T Centre and World Commerce Centre. Harbour City remains a preferred office location for multinationals, Mainland China and local enterprises, powered by its convenient location and transportation, premium quality management, comprehensive ancillary features including the mega mall, three Marco Polo hotels, serviced apartments, a fitness centre and a private Pacific Club. This has provided Harbour City with an unparalleled competitive edge compared to "pure offices".
The close proximity to West Kowloon Station for High Speed Rail is poised to hold up demand in the coming years.
APARTMENTS
Gateway Apartments offers a wide range of apartment types to accommodate the unique and sophisticated demands of discerning residents. The privileged access to the exclusive Pacific Club further elevates the exquisite living experiences. Amidst softer leasing demand and increasing supply in the market, Gateway Apartments achieved an occupancy rate of 82%.