International real estate firm Savills is appointed by the owners as the sole agent for the tender sale of 46 Sassoon Road, Hong Kong (Rural Building Lot No. 196 known as "The Property"). With a site area of approximately 44,800 square feet and a maximum redevelopment gross floor area of approximately 32,255 square feet, the residential development consists of seven 3-storey detached houses each with a garage and a private swimming pool. The tender will close at noon, 24 August 2022 (Wednesday).
Located at Pokfulam, the locality is famous in its renowned school network. Famous schools such as The ISF Academy, West Island School, The University of Chicago Hong Kong Campus and The University of Hong Kong Sassoon Road Campus are in close proximity to Sassoon Road.
Situated at the end of Sassoon Road, the oceanfront property sits on a hilltop at Sassoon Road overlooking Telegraph Bay, enjoying a panoramic sea view with a high level of privacy. It takes around 12-minute drive to Central via Sassoon Road. The site provides a great design flexibility for making use of the seafront site frontage of approximately 360 feet. It potentially allows to build big mansions, each in 3 storeys, in a combination ranging from 6,000 square feet up to over 10,000 square feet within the total gross floor area of 32,255 square feet.
Raymond Lee, Chief Executive Officer, Greater China of Savills said, "Residential land supply in Hong Kong Island is limited especially located at the traditional luxury area. The huge market interest in prime residential was most shown by the record-breaking sale of the South Bay Road site in Repulse Bay which sold in February this year. It is clear that houses, as well as redevelopment projects in prestigious locations and unobstructed sea view, are still highly sought after. We therefore expect strong interest from investors and developers in this Sassoon Road project."
Cherrie Lai, Senior Director & Head of Residential Sales, Development & Investment, Prestige Home, Savills, said, "Pokfulam is a traditional luxury residential area with only 12 minutes’ drive to Central, bringing the rich and famous to live here. The property enjoys both high level of privacy and renowned school network. We expect keen interest in this unique development that comes with significant development potential which is rarely seen in the Hong Kong market."
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