Savills News

Savills Appointed as Sole Agent for the Tender Sale of a Rare Villa in Yau Yat Chuen

International real estate firm Savills has been appointed as the sole agent for the tender sale of House 7, No.62 Begonia Road, Yau Yat Chuen, Kowloon ("The Property"). The saleable area of the Property is approximately 3,224 square feet and it will be sold on an "as-is" bare shell basis with vacant possession. The tender closing date is scheduled for noon on 9 June, 2026 (Tuesday).

The Property is a three-storey villa with a basement and rooftop. The basement garage accommodates two vehicles, and the home features a four‑en‑suite layout, complemented by a private lift as well as front and rear gardens. The living and dining area boasts an impressive floor‑to‑floor height of 4.5 metres, creating a strong sense of space and openness.

Located on a quiet inner street within a low-density luxury residential enclave in Yau Yat Chuen, the estate comprises only 10 houses, offering exceptional privacy and a tranquil living environment. The Property is within approximately a few minutes’ walk to Kowloon Tong MTR Station and Festival Walk, providing convenient transportation. The neighbourhood offers comprehensive amenities and is close to several prestigious private clubs, including the Yau Yat Chuen Garden City Club.

Mr. Kelvin Lo, Associate Director, Residential Sales at Savills Hong Kong said, “Owners in this development are known for holding tightly to their properties, with no secondary market transactions recorded. The average original purchase price for first-hand units was approximately HK$39,000 per square feet, and the current asking price is below the original cost, presenting a rare and relatively attractive entry opportunity within the district.

The villa is brand new and has never been occupied, offering exceptional flexibility for space planning and interior design. Buyers can customise the layout and finishes according to their personal preferences and lifestyle requirements to create an ideal home. 

Luxury residential sites of this low-density nature are consistently scarce. Coupled with attributes such as high privacy, a tranquil living environment, and close proximity to natural surroundings, such properties are highly sought after by high-net-worth buyers. The Property is expected to attract strong interest from both end users and long-term investors, with a positive market response anticipated.”

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