International real estate firm Savills is appointed as the Sole Agent by the Vendor for the sale of 1 Ninth Street, Hong Lok Yuen ("The Property"), a castle-style mansion house which is the largest in size in the Hong Lok Yuen villa estate in Tai Po. The Property enjoys good prospects from the future Northern Metropolis Development Strategy. Asking price is HK$350 million.
The Property is a 2-storey detached house with spacious garden, outdoor swimming pool and private garage set on a site of approx. 45,310 square feet in total area (includes short term tenancy area which is currently a basketball court). The approved GFA of the Property is approx. 10,430 square feet whereas the saleable area is approx. 9,280 square feet. Set on a tranquil hilltop and surrounded by lush greenery, the Property enjoys both a high level of privacy and the best views of Hong Lok Yuen.
Cherrie Lai, Senior Director & Head of Residential Sales, Development & Investment, Prestige Home, Savills, said, "Large-scale sites with mansion are rarely available for sale in Hong Lok Yuen, a luxury villa estate well known for its exclusive location, beautiful scenery, ample facilities and good 'Feng Shui', making it a popular neighbourhood for affluent business owners, entrepreneurs and celebrities. The Property comprises individual lots which could be redeveloped into a new detached house with spacious garden subject to government's approval."
Peter Yuen, Managing Director, Head of Investment & Sales, Savills commented, "Hong Lok Yuen is well connected to the core business districts, such as Central, Tsim Sha Tsui and Kowloon East which can be reached in 25 minutes by driving. Strategically located at the future Hong Kong-Shenzhen Close Interaction Circle and the Lok Ma Chau Loop, the proposed development site of the Hong Kong-Shenzhen Innovation and Technology Park, it takes just 10 minutes of driving from Hong Lok Yuen to Liantang/Heung Yuen Wai Boundary Control Point and Huanggang Port. The villa's prospects are expected to improve further thanks to the Northern Metropolis Development Strategy."