Savills appointed as Sole Agent for Tender Sale of Yuen Long Industrial Site

18 September 2017

Savills has been appointed as the Sole Agent for the tender sale of an industrial site in Kam Tin, Yuen Long, DD110 Lot794 & Ext. Tender Closing Date: 3:00pm Thursday, 19 October 2017

The industrial site is located in Tsat Sing Kong, Kam Tin, Yuen Long facing the luxury residential development, Seasons Villas. The area is well connected and there are a number of transport options available and it also links to one of the main roads, Kam Tai Road. The site area is about 27,850 sq ft and currently used by a carpet manufacturer.

Under the Outline Zoning Plan, the property is located in an Industrial (D) Zone and potentially it can be redeveloped to a plot ratio of 1.6 totalling approximately 44,560 sq ft. The market price is estimated at HK$100 million, i.e. an accommodation value of just over 2,000 per sq ft.

James Siu, Head of Kowloon, Savills said that the building is in an excellent location and conveniently accessible to main road networks. The property is also spacious and suitable as a company headquarters. Buyers may enjoy property naming rights.