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
Central Management

Two Exchange Square

+852 2842 4400

 
ADD/EDIT BLOG TAGS

Residential Sales
16 May 2019

Investment sentiment has been buoyed by the reviving stock market, negative real interest rates and stable affordability levels given the end of the current rate hike cycle.  Developers’ eagerness to deliver primary projects in both the luxury and mass markets should lead to a rebound in both volumes and prices in the near term.

Hong Kong Residential Sales Briefing
26 February 2019

With the US signaling a slowing in the rate of interest rate hikes coupled with the fact that a resolution of the US/China trade war may be reached and future supply is peaking, the current residential price adjustment may come to an end sooner than expected.