International real estate firm Savills has been appointed as the sole agent for the sale of No. 54 Chung Hom Kok Road, Hong Kong ("The Property"). The Property has a site area of approximately 9,910 square feet and a maximum redevelopment gross floor area of 7,433 square feet (calculation based on the plot ratio of 0.75). It will be sold as a bare site.
A prime redevelopment site located in the prestigious and low-density residential area of Chung Hom Kok, known for its luxurious surroundings and breathtaking views. The Property at 54 Chung Hom Kok Road, offers unobstructed views of Chung Hom Wan and the lush greenery of Chung Hom Shan, making it a highly desirable location for potential buyers.
The site, currently a bare land, presents significant development potential, allowing for the construction of a prestigious three-storey detached house. This unique opportunity is particularly appealing as it eliminates the need for costly demolition, saving new owners both time and money.
Located in close proximity to elite educational institutions, including St. Stephen's College and Hong Kong International School, this coastal gem is ideally situated for families seeking quality education for their children. Additionally, Stanley Plaza and Repulse Bay are just a five-minute drive away, ensuring that residents have convenient access to daily necessities and leisure activities.
Mr. Asa Poon, Director, Investment at Savills Hong Kong said, “The coastal site at 54 Chung Hom Kok Road is an exceptionally rare offering, featuring unobstructed views of Chung Hom Wan and Chung Hom Shan. It is expected to generate great interest from end-users. The bare site is ready for development, providing purchasers with an excellent opportunity to build their dream home.
With an indicative price of HKD 250 million, this waterfront single lot residential site is poised to be one of the best deals in the neighbourhood, attracting both discerning buyers and investors alike.”