Savills is appointed by order of the owner the sole sales agent for the tender sale of Jumbo Court Carpark, which is situated on 3 Welfare Road, Wong Chuk Hang.
Hong Kong – 7June 2021 – Savills is appointed by order of the owner the sole sales agent for the tender sale of Jumbo Court Carpark, which is situated on 3 Welfare Road, Wong Chuk Hang. The Property comprises 8 stories of carpark podium which provide a total of 509 car parking spaces. The property is to be sold on an "as-is" basis subject to and with the benefit of existing tenancies by Public Tender, which will close at 3pm, 15 July 2021.
The multi-storey carpark is next to Marinella and Aberdeen Marina Club, and is about 5 minutes of walking distance from MTR Wong Chuk Hang Station. Its proximity to major residential developments, including THE SOUTHSIDE, the MTR Comprehensive Development above the Wong Chuk Hang Station which is scheduled to provide 3.9 million sq ft of residential GFA in 5,200 units and 510,000 sq ft of retail space, will make it the ideal facility to meet the huge demand for parking spaces once the comprehensive development is completed in phases.
Mr Peter Yuen, Managing Director, Head of Investment & Sales, Savills, commented, "Apart from the demand for parking space from the residential occupiers, the government's initiative in invigorating the Island South area will also bring about extra demand for traffic and parking as the scheme aims at turning the Southern District into a place of vibrancy for people to work, live and explore, alongside the revamp plan of Ocean Park and the redevelopment for old industrial buildings in Wong Chuk Hang. The Jumbo Court Carpark is in the ideal position to benefit from the increasing demand and is thus a good opportunity for investors."