HK$200M Hung Hom Building For Sale With 54 NANO FLATS From 133 SQ FT!

A residential property at 411 Chatham Road North in Hung Hom, known as “The Quay,” owned by the mainland Chinese developer Seazen Group, has recently been put on the market. The building is estimated to be worth around HK$200 million. The entire property spans approximately 17,451 square feet and consists of 54 units, with each unit valued at around HK$2 million.

The building was completed in 2019 and sits on a site of about 1,970 square feet. It is a 21-story residential building, with the ground floor featuring a single retail shop, the first floor serving as a communal dormitory space, and residential units occupying the 3rd to 25th floors. These 54 residential units are all studio apartments, with sizes ranging from 133 to 153 square feet.

Each floor contains three studio units, making the building a rare example of a modern, fully residential property composed entirely of nano flats.

According to CBRE Hong Kong, the government has been actively promoting its "Study in Hong Kong" initiative. Based on government data, the 2024/25 academic year will see approximately 192,000 full-time tertiary students, including about 80,000 non-local students. However, there are currently only 44,000 dormitory beds available, highlighting a significant shortfall in student housing.

The real estate company added that this property is a rare and modern residential building that, with minor renovations, could be immediately operational. It is expected to attract interest from operators and investors focused on the student housing market.

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