International real estate firm Savills has been appointed as the sole agent for the sale of No. 11 Ching Sau Lane, Hong Kong ("The Property"). The property currently offers a total saleable area of approximately 7,412 square feet and a site area of about 11,500 square feet, and is being sold on an as-is basis with existing tenancies.
The Property is situated on a single lot in Chung Hom Kok, offering stunning sea views of Stanley Bay and Tai Tam Bay. It currently comprises two 3-storey low-rise development with a total of 6 units, featuring 13 car parking spaces, as well as a swimming pool and courtyards. Chung Hom Kok is one of the lowest-density areas in the Southern District and is close to several renowned schools, including The International Montessori School (IMS), Hong Kong International School and St. Stephen’s College. The neighbourhood offers comprehensive amenities and is only about a 5-minute drive from Repulse Bay and Stanley, providing everything needed for daily living.
Mr. Alan Tam, Associate Director of Investment at Savills Hong Kong said, “The indicative price of the Property is approximately HKD320 million, with a maximum redevelopment GFA of up to 8,625 square feet, equating to an accommodation value of about HKD37,101 per square feet. The recent transaction of 6 Deep Water Bay Road at HKD2.2 billion set a new record in recent years, reflecting the growing heat in the luxury new-home market. This Property, being a rare, relatively newly completed luxury home on a single lot, presents an excellent opportunity to enter the market. After acquisition, options include leasing, refurbishment, or redevelopment—all ideal choices.”