Savills Hong Kong has been appointed as the sole agent for the sale of a luxury residential development at No.8 Rednaxela Terrace, Mid-levels, Hong Kong, with an intended price of HK$230 million.
Savills Hong Kong has been appointed as the sole agent for the sale of a luxury residential development at No.8 Rednaxela Terrace, Mid-levels, Hong Kong, with an intended price of HK$230 million. The property is currently under construction and will be sold on a turn-key basis, together with all internal fixtures, furniture and equipment. Scheduled to be completed in mid-2010, the vendor will lease back the property for the operations of serviced apartments under “ACTS Rednaxela, Hong Kong”.
The 21-storey composite building, which has a gross floor area of approximately 17,000 sq.ft., comprises 13 Suites, 1 Penthouse Duplex and 1 Terrace Duplex with 1,000 sq.ft. of terraces and a 26-feet swimming pool. The retail podium consists of a street-fronted café/bar; a private spa as well as a private dining/meeting suite.
The unique “tailor-made” building, designed by an award-winning design firm, EDGE Design Institute, will have high quality materials/finishes as well as an advanced building automation system. EDGE is renowned for designing the “Suitcase House” at the Commune by the Great Wall.
Mr Tim Wong, Director of Investment, Savills Hong Kong, said, “Our target buyers are high net worth investors or non-property companies looking to own a boutique apartment building in Mid-levels with unique lifestyle as well as an attractive return on investment.”