One Bay East – grade-A commercial development by Wheelock Properties en-bloc West Tower sells at HK$4.5 billion a new record in Kowloon Market
One Bay East at 83 Hoi Bun Road, Kowloon East is a new premium grade-A commercial development by Wheelock Properties Limited (WPL), following the success of One Island South at Heung Yip Road, Aberdeen and One Midtown in Tsuen Wan.
One Bay East is a twin tower grade-A office development with a total gross floor area of 1,025,000 sq ft. The West Tower with an approximately 512,000 sq ft floor area is acquired by Manulife (International) Limited to serve as the headquarters for their Hong Kong operation. The development is expected to be complete by the end of 2015. WPL intends to keep the East Tower for both enbloc and strata-title sale primarily on a whole-floor basis when the project is closer to its completion.
One Bay East stands distinctively on the coastline of a premier CBD2 business district. The development enjoys unobstructed seaview of the Victoria Harbour, overlooking the new cruise terminal, metro park and sport complex.
Stewart Leung, Chairman of WPL, said: “WPL has a forward-looking and strong vision in this district. The company owns an impressive Kowloon East Waterfront Portfolio spanning a 500-metre coastline in this promising area. This includes One Bay East（83 Hoi Bun Road）, Wharf T & T Square（123 Hoi Bun Road）and the proposed residential redevelopment of Kowloon Godown (1-3 Kai Hing Road）giving a total gross floor area of over 2,450,000 sq ft. Following One Bay East, WPL has a timely program to redevelop the current Wharf T & T Square into an approximately 600,000 sq ft Grade-A office building to further enhance the quality and value of the development.”
The “Energizing Kowloon East” initiative by the government turns this district into a new vibrant CBD to enhance Hong Kong’s status as an international financial and business centre. It is anticipated many multi-national corporations and local entrepreneurs would be attracted to this area for business growth and expansion.
One Bay East features a modern and stately entrance lobby of 10m structural headroom and an impressive drop-off area. The typical office floor features a generous 4.26m structural headroom and an extensive floor plate ranging from 26,000 sq ft. to 27,000 sq ft. One Bay East has achieved the provisional assessment of HK BEAM Plus Gold and US LEED Gold certification with its well-designed environmental provisions.
ONE BAY EAST Premier Grade-A Commercial Development by Wheelock Properties
One Bay East is a twin tower grade A office buildings ideally located in the heart of Hong Kong’s CBD2. The development stands distinctively on the coastline of 83 Hoi Bun Road, overlooking the cruise terminal, the future metro park, and enjoys world-class views of both the stunning Victoria Harbour and auspicious Lei Yue Mun.
One Bay East is just few minutes to the MTR Ngau Tau Kok station, connectivity will be further enhanced via the future environmental friendly elevated monorail system which links Kowloon Bay MTR station to Kai Tak Development station of the future Shatin-to-Central Link.
This grade-A office building is designed to achieve both HK BEAM Plus and US LEED “Gold” certification. The property features a variety of state-of-the-art provisions such as round-the-clock air-conditioning for server room, additional generator back up, VAV system, raised floor system, fibre-optic networks and WiFi, etc.
Project Particulars
| Address | No. 83 Hoi Bun , Kwun Tong, Kowloon |
| No. of Towers | 2 (East Tower & West Tower^) |
| Total GFA | Approx. 1,025,000 sf |
| No. of Office Storeys | 21 (G/F to 23/F; omitted 4/F, 13/F & 14/F ) High zone office (15/F-23/F) Low zone office (3/F-12/F) Sky Garden (2/F) Commercial, L/UL Spaces (G/F – 1/F) Carpark (B1/F & B2/F) |
| Office Space Per Floor | Approx. 26,000 sf - 27,000 sf |
| Ceiling Height | 4.26m (strutual floor to floor) 3.05m (clear) |
| Car Parking Spaces (B2/F - G/F) |
296 for private car (disable parking inclusive) 30 for motorcycle 36 for heavy goods and light goods vehicles (including loading/unloading bays) |
| Lift Facilities | 8 passenger lifts for each tower(with A/C provision) 2 services lifts + 2-3 podium lifts for each tower |
| Estimated Completion | End of 2015 |
*West Tower will be named Manulife Tower
