International real estate firm Savills has been appointed as the sole agent for the sale of No.8 Stanley Beach Road, Hong Kong ("The Property"). The existing status of the Property is 3 blocks of 3-storey high apartments, a total of 9 units and 10 car parking spaces. It has a site area of approximately 26,600 square feet and a saleable area of about 18,852 square feet. It will be sold on an “as-is” basis, partly with vacant possession and partly with existing tenancies.
Each block consists of three floors, with each floor offering a saleable area of approximately 2,095 square feet and each block featuring a private swimming pool. The location is highly convenient, just a one-minute walk from Stanley Main Beach, allowing residents to easily enjoy beachside living.
Additionally, the Property are situated near several prestigious international schools, including The International Montessori School (IMS) and Hong Kong International School (HKIS) Stanley Plaza, both within easy walking distance. Beyond its relaxed, slow-paced lifestyle, Stanley also provides comprehensive amenities, with The American Club, Tai Tam (Country Club) and Stanley Plaza just moments away.
Mr. Raymond Wan, Chief Senior Director of Investment at Savills Hong Kongsaid, “The Property has an indicative price of HK$520 million, with a maximum redevelopment area of 19,950 square feet, making it highly suitable for redevelopment.
Compared to recent luxury home transactions in the Southern District—such as One Stanley, Pok Fu Lam Road 138, and Mount POKFULAM, which achieved unit prices of HKD 48,000 to HKD 49,415 per square foot—this offering presents a highly attractive price point. Additionally, multiple recent high-end residential transactions in the Southern District reflect strong market demand and the investment potential of premium properties in the area. Aside from redevelopment, it can also be used for long-term rental income. This investment offers both defensive and offensive strategies, providing high versatility.”