SHKP to benefit as tenants including UBS, JPMorgan Chase and Banco Santander set to move into new office space near high-speed rail station
3-MIN READ3-MIN ListenCheryl ArcibalPublished: 9:30am, 10 May 2026Updated: 9:31am, 10 May 2026Hong Kong’s West Kowloon is poised to emerge as the second-most important office sub-market after Central with the completion of new buildings that will accommodate banks and insurance companies, according to industry officials.However, there was expected to be limited demand from newcomers or via corporate expansion, with leasing activity dominated by relocations and higher vacancy rates in some of the city’s other business districts.
UBS plans to begin moving into the building from the fourth quarter, bringing together staff currently spread across five offices, including Two IFC and One Peking Road.
“West Kowloon is Hong Kong’s future-focused international business district,” said Lo King-wai, executive director at Sun Hung Kai Real Estate Agency. “It is rapidly emerging as ‘Central 2.0’ and a dynamic hub for commerce, arts, culture, sustainability and retail.”
