International real estate firm Savills is appointed as the sole agent for the tender sale of House 7, The Beachfront, No. 7 Belleview Drive, Repulse Bay ("The Property"). The property features a usable area of approximately 2,381 square feet and an outdoor area of about 1,544 square feet. It will be sold on an 'as-is' basis and will come with vacant possession. The tender deadline is scheduled for 3 PM on December 9, 2024 (Monday).
The Property is a four-storey villa with stunning sea views, enjoying the charming scenery of Repulse Bay. It features three en-suite bedrooms and living rooms, along with a garage that can accommodate four cars. The Property is located in an excellent position, providing a tranquil and pleasant environment, making it one of the most prestigious residences in the Southern District of Hong Kong Island. The Beachfront offers convenient transportation, with just a 20-minute drive to Central and Causeway Bay. Additionally, it is adjacent to several top-tier private clubs, such as the Hong Kong Golf Club and the Hong Kong Country Club. The area also has excellent amenities, with a large shopping mall The Pulse just a few minutes' drive away.
Mr. Keith Chang, Senior Director, Residential Sales, Savills Hong Kong said, “The asking price for the Property is HKD 140 million. In reference to several transactions of seaview villas in Repulse Bay last year, the sale prices per square foot for House 7 at 90 Repulse Bay Road and House 8, Overbays at 71 Repulse Bay Road were approximately HKD 79,393 and HKD 78,097, respectively. In comparison, the asking price for this property is more attractive. Additionally, benefiting from the latest policy address that optimizes the ‘New Capital Investment Entrant Scheme’, which allows investment in residential properties, the overall atmosphere in the luxury property market is expected to improve.”
Ms. Sammie Lioe, Associate Director, Residential Sales, Savills Hong Kong said, “The Property is located at the beginning of Repulse Bay, and its asking price is very attractive. It is rare to find a property at this price point that offers full sea views of Repulse Bay. Since we obtained exclusive agency rights, we have received numerous inquiries from potential buyers. Furthermore, considering the previous interest rate cuts and the favourable policies outlined in the latest policy address, we believe this presents an excellent opportunity for interested buyers to enter the market.”