International real estate firm Savills is delighted to announce the swift and successful completion of the transaction of House B, 29 Horizon Drive, Chung Hom Kok. The property was sold on an "as-is" and vacant possession basis for approximately HKD 98 million with a saleable area of around 3,354 square feet. In addition, Savills has been appointed as the sole agent for the sale of No.8 Stanley Road and G/F No.10A & G/F No.10B, Nos.10A & 10B Stanley Beach Road.
No.8 Stanley Road
The property comprises 3 blocks of 3-storey high low-density apartments, totalling 9 units and 10 parking spaces. The site area is approximately 26,600 square feet, with an existing saleable area of around 18,852 square feet. The maximum redevelopment potential reaches up to 19,950 square feet, offering high flexibility for both long-term rental income and redevelopment. It will be sold sold on an “as-is” basis, partly with vacant possession and partly with existing tenancies, at an indicative price of approximately HKD 520 million.
G/F No.10A & G/F No.10B, Nos.10A & 10B Stanley Beach Road
The property comprises two ground floor units, No.10A and No.10B. Each unit has a saleable area of approximately 2,832 square feet and features a four-bedroom layout, including three en-suite bedrooms. Each unit also comes with a designated parking space. Located just a one-minute walk from Stanley Main Beach and in close proximity to Stanley Plaza, the property enjoys excellent amenities and a prime location. Both units are being sold with existing tenancies. The indicative price for each unit is approximately HKD 62 million.
Mr. Raymond Wan, Chief Senior Director, Investment at Savills Hong Kong said, “Since its launch, Savills successfully assisted the owner in swiftly selling House B, 29 Horizon Drive, Chung Hom Kok. The original asking price was approximately HKD 138 million, and after negotiation, the property was transacted at HKD 98 million, reflecting a unit price of around HKD 29,218 per square foot. This demonstrates strong market demand and the considerable investment potential of luxury residential properties—buyers are willing to act decisively when the price is right. The same owner currently has three other properties listed in Stanley, all in prime locations with high privacy and tranquil surroundings, making them highly attractive for both self-use and investment.”