International real estate firm Savills has been appointed as the sole agent for the tender sale of 15 Cambridge Road, Kowloon Tong ("the Property"). The Property is a three-storey building, with a site area of approximately 9,767 square feet, a saleable area of about 7,302 square feet, and a maximum redevelopment gross floor area of approximately 17,581 square feet. The Property is being sold on an “as-is” basis with vacant possession. The tender will close at noon on May 13, 2025 (Tuesday).
The Property is an single lot with an impressive frontage of over 100 feet. It boasts rare open views in the area and is located in the prestigious low-density residential district of Kowloon Tong, offering a serene and tranquil environment. It is just a 10-minute walk from the large shopping mall, Festival Walk, and the Kowloon Tong MTR station. The Property is within a top-tier school network in Kowloon Tong, surrounded by renowned local institutions and international schools, such as La Salle College, Maryknoll Convent School, Diocesan Preparatory School, the American International School, Hong Kong Baptist University, and City University of Hong Kong. Additionally, it is close to several social clubs and recreational venues, including the Kowloon Tsai Home Owners Association and the Kowloon Tong Club.
Mr. Kelvin Lo, Associate Director, Residential Sales, Savills Hong Kong said, “The Property has a maximum potential redevelopment gross floor area of approximately 17,581 square feet. In comparison to previous transactions of single lots in Kowloon Tong, such as at No. 10 York Road, which sold for HKD 152.8 million with a unit price of about HKD 24,328, the prices of individual units at Mont Verra have ranged from HKD 172 million to HKD 230 million in 2025, with unit prices per square foot between HKD 42,250 and HKD 51,837.
Additionally, this Property is located on a prime single lot in the heart of Kowloon Tong, offering exceptional flexibility in redevelopment options. It can be rebuilt as a detached house, two semi-detached houses, or three residential units. The nearly 10,000-square-foot plot can also accommodate a private swimming pool, presenting significant potential for development. Whether for personal use or investment, this opportunity should not be missed.”