International real estate firm Savills is appointed as the sole agent for the sale of 25 – 26 A&B, Lugard Road, The Peak, Hong Kong ("The Property"). This exquisite property presents itself as a two-storey detached house, gracefully occupying a site area of approximately 31,544 square feet, with a maximum gross floor area of approximately 11,687 square feet, and a total saleable area of approximately 11,487 square feet, to be sold with vacant possession and on an "as-is" basis.
This property is located in one of the most prestigious areas, Lugard Road, on The Peak. Surrounded by lush greenery, it offers a serene and tranquil environment. Lugard Road consists of only 12 residential lots, of which only 4 enjoy unobstructed views of Victoria Harbour and the bustling cityscape on both sides of this magnificent waterway. Currently, there are 2 of these exclusive lots available for sale, making this a truly rare opportunity. Moreover, the property boasts easy accessibility via Mount Austin Road, which can comfortably accommodate a 7-seat vehicle. Within a mere 3-minute drive, residents can reach The Peak Galleria or The Peak Tower, where a myriad of premium amenities awaits.
Mr. Jason Wo, Director, Investment of Savills commented, "This remarkable property stakes its claim in one of Hong Kong's most prestigious enclaves, surrounded by the residences of celebrities, prominent families, and esteemed corporate chairpersons. Currently valued at an impressive HKD 1.3 billion, with an average price per square foot of around HKD 110,000, The Property offers exceptional value and a reasonable price when compared to nearby single lots on The Peak, such as 45 Barker Road with an average price per square foot of over HKD 250,000 and 59 Mount Kellett Road with an average price per square foot of approximately HKD 120,000, making the Property an unparalleled gem in the market. Additionally, there is potential for corporate share transfer, making it highly suitable for corporate buyers or individuals seeking to own a truly extraordinary and exceptionally rare property for personal use.”