International real estate consultancy Savills has been appointed sole agent for the tender en-bloc sale of 5 to 7 Homantin Street, Kowloon. The tender closing date is 29 September 2015 (Tuesday) at 12 noon.
International real estate consultancy Savills has been appointed sole agent for the tender en-bloc sale of 5 to 7 Homantin Street, Kowloon. The tender closing date is 29 September 2015 (Tuesday) at 12 noon.
The captioned 12-storey building has a total saleable area of 41,060 sq ft with 44 residential units. It also comes with 22 parking spaces. The property is to be sold on an “as is” basis.
To push the bar of desirable living further, the property is located only 5 to 10 minutes walking distance from the Mongkok and Yaumatei MTR Stations.
James Pong, Director of Investment, Savills said, “the property benefits from the renowned school network as well as its accessibility. With its high efficiency, this en-bloc building has great potential to be refurbished as premium residences without the effort of redevelopment.” He added that this is the first time the owner has posted the property for sale, suggesting that this is an opportunity which cannot be missed.
In addition, a site in Sheung Shing Street, Homantin which was included in a Government land sale, was valued up to HK$734 million, reaching an A.V. of almost HK$12,500 per sq ft. Such a value may imply a future benchmark for luxury residences in Homantin.