Three commercial properties, worth a total of more than HK$500 million, are being offered for sale by tender or private negotiation despite the relatively quiet investment market as the Lunar New Year approaches. Office floors in Sheung Wan's Wing Shan Tower represent the largest offering of the three. A large portion of this building - 143,231 square feet - is on the market. Located at 173 Des Voeux Road and 84-86 Connaught Road, the property is being offered for tender, which closes on January 25, by FPDSavills. The property is leased to various tenants and comes with parking spaces. Meanwhile, Colliers Jardine will handle the tender sale of the 33rd, 34th and 35th floors of Wu Chung House in Wan Chai. Located at 213 Queen's Road East, the 73,674 sq ft space, owned by the Guoco Group, is leased to Dao Heng Bank, previously a Guoco-controlled company, for a six-year term at a monthly rent of HK$810,414. The tender will close on February 28. The third property was released for sale recently by HKR International. The commercial development at 8 North Point Road is a 25-storey building and has a total floor area of 30,946 sq ft. FPDSavills director Peter Kueh said that in the past couple of months, foreign real-estate funds, mainland corporations and industrialists had been the main buyers of SAR investment properties. He expected Wing Shan Tower to attract interest from these sources, considering the continued downward trend of interest rates and the limited commercial supply in the central business district. Colliers Jardine executive director Antonio Wu expected the investment property market to improve this year, given a recovering economy.