Case Study - Residential Service
45 Chung Hom Kok Road & 5 Tung Shan Terrace - Hong Kong

Chung Hom Kok Road 45 & Tung Shan Terrace 5, Hong Kong

Situated in Southside and Mid-Levels East respectively, both properties had been fully upgraded, reconfigured and highly decorated by the client.

The Brief

We were invited to propose an innovative sales & marketing programme for the disposal of both properties to high-end residential investors and end-users. After the reconfigurations, Chung Hom Kok 45 comprised two duplexes and one penthouse with a gross area of approximately 13,600 sq ft and Tung Shan Terrace 5 comprised 12 luxury apartments with gross area of approximately 21,300 sq ft.

The Client

Askar Capital

What The Client Said

"We are satisfied with our professional advice and sales programme. Through the sealed-bid exercise, Savills has created price tension and achieved an extraordinary result."

Our Solution

Savills was appointed as the Hong Kong lead agent responsible for market consultancy and marketing, liaising with the solicitor on legal documentation and promotion and completion of the whole sealed-bid process. The client was extremely satisfied with the advice given and our proposed sales programme.

How We Added Value

Using our market intelligence, we successfully disposed of the two properties at an above market level price despite the market being in a trough.

Our Services
 
 
 
 

Key Contacts

Raymond Lee

Raymond Lee

Chief Executive Officer - Greater China

Savills Two Exchange Square, 23/F

+852 2842 4400

 
ADD/EDIT BLOG TAGS

Residential Sales
08 August 2017

Hong Kong Residential Sales Briefing
08 August 2017

Luxury sales volumes rebounded in Q2 on the back of a rising stock market and low real interest rates.  With the impact of new restrictive measures receding and supply remaining tight, luxury prices look set to head north over the remainder of 2017.