Wong Chuk Hang
Aberdeen and Wong Chuk Hang: Converted buildings and new office towers draw tenants south
Just two MTR stops from Admiralty by the South Island Line.
Reasonable rents (average $20-$25 psf) and new supply of large floor space (6,000-12,000 sq.ft.) in new/redeveloped office buildings.
Ideal for large-space users – mid/back office operations of insurers, banks, professional service firms, architects and engineering companies.
Due to space and price pressures on HK Island, companies are now looking at offices in Aberdeen and Wong Chuk Hang. Aberdeen is evolving to combine its roots as a traditional fishing village with more modern developments. New skyscrapers and premium office buildings have made their mark on this emerging commercial district.
The South Island MTR line links the area to Admiralty, giving office tenants a two-stop commute to the Central Business District. This enhanced accessibility is driving demand amongst tenants seeking an alternative to the usual options for office rental on HK Island.
Signs of Aberdeen’s past as a light industrial hub remain, including warehouses, textile factories, catering companies, engineering works, light manufacturing businesses and shipyards. But the number of retail and recreation businesses in the area continues to grow.
The promenades offer tourists and locals varied entertainment options, and there are now plans to enhance the Wholesale Fish Market as a tourist attraction. Aberdeen is clearly maturing into a serious contender for businesses to look to rent office space, and early adopters considering leasing opportunities there will make a smart move.