Savills Hong Kong announces that it has been appointed as the sole agent for the sale of No. 30 Po Shan Road, Mid-levels, by public tender. The tender will close on 17th Sept 2009.
Savills Hong Kong announces that it has been appointed as the sole agent for the sale of No. 30 Po Shan Road, Mid-levels, by public tender. The tender will close on 17th Sept 2009.
Raymond Wan, Director of Investment, said the property is a prime house lot located at an exclusive and private area in the Mid-levels, enjoying an undisturbed Victoria Harbour view with The Peak to the back. The site area is approximately 10,000 sq.ft. Currently standing on the site is a three storey detached house completed in 1958. It has a total gross floor area of over 9,000 sq.ft.
The estimated market value of the above property is around HK$400 million. Two semi-detached houses with a total gross floor area of around 36,000 sq.ft. can be built on the site, which translates into an intended accommodation value of approximately HK$11,000 per sq.ft.