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Nine Queen's Road office sets record for Central prices

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Sinochem Hong Kong Investment has sold 968 square feet of office space on the 15th floor of Nine Queen's Road Central for what is believed to be a record $19,000 a square foot, according to Treasure Land Realty Consultancy.

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The identity of the buyer is not known.

Graham Wong Chi-keung, Treasure Land's director of commercial agency, said Sinochem also sold yesterday a 970 sq ft office at $18,800 a square foot.

Sinochem bought the 15th floor, which measures 13,720 sq ft, for $240 million, or $17,500 a square foot.

The highest price previously achieved for office space in Central was $18,200 for space on the 30th floor of the same building, Mr Wong said.

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He believed Central office prices would continue to rise after the Lunar New Year break because of a shortage of space for sale.

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