Savills Hong Kong has been appointed as the sole agent for the sale of No. 23 South Bay Road, which is a rare luxury seaview residential single lot in southern district of Hong Kong Island
Savills Hong Kong has been appointed as the sole agent for the sale of No. 23 South Bay Road, which is a rare luxury seaview residential single lot in southern district of Hong Kong Island, with estimated market price of over HK$360 Million.
Patrick Chau, Director of Residential Development & Investment said the subject site has a site area of approx 8,144 sq. ft. where exists a 3-storey colonial style residence with extraordinary high ceiling height of 11.5 feet. The property, with a total gross area of approx. 8,250 sq. ft, also includes five car parking spaces and a private garden with extensive features such as terrace, shelter and pavilion. The subject can also be converted or redeveloped into a detached house with independent lot. Overlooking Repulse Bay & lush greenery offer high degree of privacy and tranquil environment.
The subject site is located at the southern district of Hong Kong Island where demand outstrips supply. Just 10 minutes walks from Repulse Bay and 20 minutes drive from Southside to Central.
Chau said, as the sales price of Barker Road created a record high in the world at $68,229 per sq. ft, it indicates that the luxury residential market still possess positive prospects. With reference to the transaction of No.15 South Bay Road which was transacted in January 2010 at price of approx. $282.8M or accommodation value of $54,332 per sq. ft and a house in No.37 Island Road was transacted in March 2010 at price of approx. $462.8M. In fact, the picturesque and prestigious residential area of Southern district draws the attentions of both users and investors.