The property has a registered site area of approximately 7,680 square feet (713.49 square metres). It comprises three contiguous blocks of 11-storey composite building with shops on ground floor, office on 1st floor and residential units on 2nd to 10th floors. The property was completed in 1964, and each block is served by one lift and two common staircases.

The property falls within an area zoned “Commercial/Residential” under Hong Kong Planning Area No. 8 – Approved North Point Outline Zoning Plan No. S/H8/28 gazetted on 19th April 2024.

Mr. Lo, Director of Excellent Group Inc Ltd, stated, “This marks our company's first en-bloc acquisition and compulsory sale application project. The site is planned for development into a single-block residential building, with unit designs modelled after popular layouts in the district, primarily focusing on small to medium-sized units.”

Mr. Charles Chan, Managing Director of Savills Valuation and Professional Services, said, “It is estimated that there will be approximately 4 to 5 compulsory sale applications throughout this year. Most cases involve developers taking advantage of the lowered compulsory sale threshold to initiate proceedings, enabling the consolidation of larger site ownerships to achieve greater development scale and efficiency. The number of applications has declined significantly from the peak period of dozens per year, primarily because the property acquisition and compulsory sale process remains time-consuming. Persistently high interest rates have increased development costs, and with property price trends remaining uncertain, developers are adopting a conservative approach and are reluctant to launch new projects.”