International real estate firm Savills has been appointed as the sole agent for the sale of two development lands in Cheung Chau, Cheung Chau Inland Lot Nos. 4RP (CCIL 4 RP) and Cheung Chau Inland Lot Nos. 52 (CCIL 52) ("The Property"). The site areas of the two lots are approximately 7,988 square feet and 5,000 square feet respectively. The Property will be sold on an as-is basis with vacant possession.
The Property boasts a rich historical background, having served as a British military outpost during the colonial period. Situated at the highest point of Cheung Chau, it offers unobstructed panoramic views of the South China Sea. The surrounding environment is tranquil and serene, with several religious groups and non-profit organisations operating nearby retreat centres and camps. This makes the site particularly suitable for development into a religious or wellness retreat, catering to niche market demand.
Cheung Chau is well-loved by both residents and visitors for its unique natural scenery and laid-back lifestyle. The island features picturesque hiking trails and clean beaches, ideal for outdoor leisure activities. It also offers a diverse range of dining options and vibrant local cultural experiences, making it an attractive destination for both living and vacationing.
Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kongsaid, “The indicative price for the two development sites is approximately HKD 38 million. Among them, the site at CCIL 4 RP was approved by the Town Planning Board in 2024 for rezoning to ‘Residential (Group C) 9’, with the plot ratio significantly increased from 0.2 to 1.58. The approved gross floor area is approximately 12,581 square feet, allowing buyers to commence development immediately, highlighting its strong development potential.
As for the CCIL 52 site, prospective buyers may refer to the successful case of CCIL 4 RP and consider applying to the Town Planning Board for relaxation of plot ratio and height restrictions, thereby unlocking greater development opportunities.”