Summary:
- Savills has launched the entire East Town Building in Wan Chai for sale, offering a 21-storey property with 144,395 sq ft gross floor area and existing tenancies, positioned for potential conversion into student accommodation.
- The building includes retail spaces, offices, and a two-level basement car park with 48 parking spaces, and a preliminary conversion plan prepared with an architectural firm proposes about 341 rooms and 662 bed spaces.
- Located at 41 Lockhart Road near Wan Chai MTR Station, the property benefits from prime triple-frontage exposure and strong demand for student housing, with an indicative price around HK$1.45 billion and a tender closing on December 11.
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