International real estate consultancy Savills is delighted to announce that it has concluded 75 Peak Road at HK$5.1 billion, the largest deal in Hong Kong private residential market ever in history. This rare huge site on the peak, also known as Ho Tung Garden to many, spans an area of 124,000 sq ft and represents an A.V. of HK$82,258 per sq ft.
International real estate consultancy Savills is delighted to announce that it has concluded 75 Peak Road at HK$5.1 billion, the largest deal in Hong Kong private residential market ever in history. This rare huge site on the peak, also known as Ho Tung Garden to many, spans an area of 124,000 sq ft and represents an A.V. of HK$82,258 per sq ft.
Commenting on the record deal, Raymond Lee, CEO of Greater China, Savills said, “it has been an honour to offer our professional services to the Ho Tung Family. This remarkable deal has demonstrated the importance of team work and the trust our client put in us.”
Patrick Chau, Deputy Senior Director, Residential Development and Investment, Savills, said, “The site is located at a secluded located with unobstructed sea view of the Southside. This sale is the best proof that this type of niche property is of enormous value and Savills has the capacity to realize the full value of such a unique asset.” The site is set to be re-developed by the buyer.