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Low rents lure big clients to HK’s Kowloon East

Competitive rents and a new business environment in Hong Kong’s Kowloon East, have ensured a rapid take-up of space in Nan Fung’s new office project, Octa Tower in Kowloon Bay, the Hong Kong property developer says.

Located in Lam Chak Street on the waterfront in Kowloon Bay, near the former Kai Tak Airport area, Octa Tower is a 30-storey grade-A office building.

Asking monthly rent is about HKD20 (USD2.6) per square foot and the building has lured tenants from the IT, finance, and business services sectors such as CSL Advanced, Li & Fung Group’s Trinity, and Wing Lung Bank.

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