There has been a large influx of funds into Hong Kong’s luxury residential market recently.15 Gough Hill Road and 3 Severn Road were sold at HK$2.1 billion and HK$1.1688 billion respectively.
The market has seen strong transactions of residential properties in Kowloon Tong. A 2-storey detached house at 1 Suffolk Road with site area of 8,410 sq ft was sold at HK$180 million, representing an accommodation value of HK$35,671 per sq ft. Another 2-storey house at 12 Oxford Road with a saleable area of 4,988 sq ft was purchased by a mainland investor at HK$195 million, or a unit price of HK$39,094 per sq ft.
Knight Frank, a global property consultancy firm, has been appointed joint sole agent for a public tender sale of 46 Oxford Road, a residential development site with an approximate site area of 13,827 sq ft. With a plot ratio of 1.8, a detached house, or two semi-detached houses or four duplex units of a total gross floor area of 24,889 sq ft can be built on the site.
For further information, please contact:
Roy Chan
Senior Director, Capital Markets
M: +852 9026 2260
D: +852 2846 9548
Steve Lam
Director, Capital Markets
M: +852 9191 9449
D: +852 2846 7476
Phyllis Tang
Property Negotiator, Capital Markets
M: +852 66520084
D: +852 2846 9567