Prosperity Place is located in Kwun Tong district in KowloonEast. The district has recently experienced tremendous growth as a new commercial hub. The building is close to the Eastern Cross Harbour Tunnel, and the Kwun Tong MTR Station is just a three-minute walk away.
With new Grade A office buildings on the increase and re- development projects being carried out, Kowloon East has seen significant urban improvements on a number of fronts, including prominent moder n architecture and dynamic shopping malls, along with leisure and public spaces. Due to these attractive developments, prestigious tenants from the traditional business districts have moved into the area.
In order to cope with intense competition from newerbuildings in the district, a refurbishment project to revamp Prosperity Place began in 2008 with the renovation of the ground floor lobby as well as the lobbies on higher floors. All major parts of the building have been earmarked for similar improvements. By the first quarter of 2009, the common corridor areas on the higher floors will have been totally revamped. The large-scale renovation works have been carefully planned and implemented in different phases to minimise disruptions and inconvenience for the building’s tenants. Prosperity Place has continued to maintain a high occupancy rate with steady rental income throughout the renovation period.
With the relevant government approvals obtained, the REIT Manager will complete the façade refurbishment of the building in 2009. Upon completion of the renovation, Pr osperity Place will be r epositioned as a pr emium commercial landmark in Kowloon East.
Location:
No. 6, Shing Yip Street, Kwun Tong, Kowloon, Hong Kong
