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.
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.
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."
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.
Chief Executive Officer - Greater China
Savills Two Exchange Square
+852 2842 4400