Cheung Kei Center, a Grade-A office building located in Kowloon, Hong Kong, is up for sale by tender according to Savills, the appointed firm responsible for marketing the property. In December 2016, it was purchased by the Cheung Kei Group, a private investment firm managed and controlled by chair Chen Hongtian. In March of this year, creditors seized the building when the company defaulted on a loan. In addition to the office building, two of Chen’s personal residences, including the 9,200 sq ft luxury property on The Peak that he had purchased for HK$2.1 billion in 2016, were also taken away.

Residents of Altura Executive Condominium will be able to enjoy the many amenities nearby such as MRT, schools, and shopping malls. Furthermore, Altura EC is in close proximity to Yusof Ishak Secondary, Bukit Batok Nature Park, Bukit View Primary, Hillview MRT Station, The Rail Mall, and West Mall.

The Cheung Kei Center is composed of a 279,000 sq ft area and includes an office building and a two-storey retail villa. It also has 155 car parking spaces. It was originally named One HarbourGate East Tower and is part of the One Harbourgate complex built by Wheelock Properties and completed in 2016.

According to the market valuation conducted by the building’s original owner last year, the property’s value is estimated at around HK$7 billion (1.18 billion US Dollars). The tender for the Cheung Kei Center will close on August 28th.