Savills Hong Kong announces that it has been appointed as the sole marketing agent for the sale of two whole block residential properties - No. 5 Tung Shan Terrace and No. 45 Chung Hom Kok Road, by sealed-bid offer.
Savills Hong Kong announces that it has been appointed as the sole marketing agent for the sale of two whole block residential properties - No. 5 Tung Shan Terrace and No. 45 Chung Hom Kok Road, by sealed-bid offer. Submission of sealed-bid offer will be closed at Hong Kong time 5pm on Thursday, 16th April, 2009.
No. 5 Tung Shan Terrace
Situated at the peak of a fine hilltop, No. 5 Tung Shan Terrace is located in a traditional luxury residential area at the Mid-levels East, offering magnificent views with tranquil atmosphere. Despite its peaceful isolation, it is highly accessible and within 5 minutes’ drive to the shopping centres in Causeway Bay or the business districts in Central.
No. 5 Tung Shan Terrace is a four storey low-rise residential block, providing a total of 12 luxury apartments with total gross floor area of approximately 21,306 sq.ft. It has an efficient layout with spacious balcony for typical units and roof gardens for penthouse apartments, overlooking the breathtaking views of the Victoria harbour, Happy Valley Racecourse, and the lush greenery of the Peak.
The subject property comprises four units namely A, B, C , and D on each floor from the 1/F to 3/F. For units A and C, each have a gross floor area of 1,737 sq.ft. and a 1,480 sq.ft. roof garden. For units B and D, each have a gross floor area of 1,8145 sq.ft. and a 1,565 sq.ft. roof garden.
The whole building has been fully upgraded and luxuriously decorated by a renowned designer. Each unit is equipped with an intelligent Home Automation System (including lighting control system, A/C control system, videophone system and audio system) as well as a Security system.
Keith Chang, Director of Savills Residential Development & Investment, said a fully upgraded prime residential development with top notch design like No. 5 Tung Shan Terrace is a rarity in the area. The asking price is HK$145 million, with a high net projected yield of approximately 6 per cent.
No. 45 Chung Hom Kok Road
No. 45 Chung Hom Kok Road is situated at the North East side of Chung Hom Kok Road, with beautiful seaviews of Chung Hom Wan and Stanley Bay. Developments within the area comprise mainly of quality single houses, low-rise apartment blocks and townhouse developments. Stanley Market and Chung Hom Kok Beach are in close proximity, offering a free and convenient lifestyle for the residents to enjoy. Daily necessities and restaurants can be found in Stanley Market within 1-minute drive, and access to the city hub is just around 15 minutes’ drive.
This residential block comprises of two newly designed and renovated duplexes with private gardens (Houses A and B), and a penthouse simplex with roof garden (House C). Duplexes A and B have the same gross floor area of around 4,280 sq.ft., with underwater music system and water fountain. The gross floor area of Penthouse simplex C is around 5,025 sq.ft., with roof garden and Jacuzzi.
All units are fully equipped with Poggenpohl kitchen cabinets, Gaggenau electrical appliances, security system, intelligent lighting system and Home Automation System. Heated floors are also installed in all master bathrooms.
Keith Chang points out that the subject development only provides three huge units with ample car parking spaces, making it the most precious and the most sought after by many end-users and investors. The asking price is approximately HK$260 million.
The above two prime residential developments are now available for viewing by appointment only.