99 Queen's Road Central

Project Highlight : 1.4 million sq ft - 80 storeys  

Total GFA 130,032 sq m
59 floors of offices
Floorplates GFA 2,415 sq m
35 high-speed passenger lifts
Over 400 car parking spaces

Date of Completion :

ADDITIONAL information:

8,816 sq m


The Center is owned by the Cheung Kong group. Its 1.3 million square feet on the fringe of Central came on stream at the end of 1999, coinciding with the peak of the dotcom boom. Start-ups moved into the skyscraper in droves, pushing the vacancy rate down to a mere 4.8% by June 2000.

But reflecting the boom-and-bust life-cycle of dotcoms, The Center's occupancy rate went from up to down in less than a year. According to DTZ Debenham Tie Leung, a property consultancy which tracks the building's fortunes, by September its vacancy rate had almost doubled to 9%, then climbed to 10% by December, and 14% in March this year. DTZ predicts that The Center's vacancy rate will stay in double digits until at least the latter part of the year.   Far East Economic Review


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