International real estate firm Savills has been appointed as the sole agent by the owner for the sale of a portfolio of properties on Hong Kong Island, comprising the following 6 properties:
1. 82.1% Share of Ownership in Nos. 176-178 Shau Kei Wan Road
The 8-storey property comprises 2 ground-floor retail shops and 19 residential units, with a retail GFA of approximately 3,393 sq ft* and a residential saleable area of approximately 7,569 sq ft*, plus a rooftop of approximately 820 sq ft. Located just a 3-minute walk from Sai Wan Ho MTR Station, the property offers strong potential for refurbishment and conversion into student or labour hostel.
2. 50% Undivided Share of Ownership in 12 Yiu Wa Street
The sale comprises 3 residential units and a rooftop, with a total saleable area of approximately 1,329 sq ft* and a rooftop area of approximately 288 sq ft. Situated in the heart of Causeway Bay, the property enjoys a prime location near Causeway Bay MTR Station and major landmarks including Times Square. Notably, the residential units on 1/F to 4/F of No. 16 Yiu Wa Street and 1/F to 5/F plus the rooftop of No. 18 Yiu Wa Street, located adjacent to the subject property, were sold by Star Properties for HKD 58 million earlier this year.
3. No. 24 Centre Street
The sale comprises a first-floor residential unit with a saleable area of approximately 566 sq ft* and a terrace of approximately 166 sq ft, as well as a ground-floor shop with a cockloft, having a total GFA of approximately 1,657 sq ft*. The property is located just a 1-minute walk from Sai Ying Pun MTR Station and is situated within a vibrant neighbourhood of retail shops and eateries, benefiting from strong pedestrian flow and a stable tenancy profile.
4. 57.14% Undivided Share of Ownership in No. 110 Shau Kei Wan Road
The sale comprises 4 residential units and a rooftop, with a total residential saleable area of approximately 2,136 sq ft* and a rooftop area of approximately 336 sq ft. Located just a 1-minute walk from Sai Wan Ho MTR Station, the property enjoys excellent accessibility and comprehensive transport connectivity.
5. 50% Undivided Share of Ownership in No. 183 Shau Kei Wan Road
The sale comprises 3 residential units with a total saleable area of approximately 1,992 sq ft. Situated within a well-established residential neighbourhood in Hong Kong East, the property benefits from comprehensive lifestyle amenities and offers stable investment value.
6. 102, 104, 106 Second Street
The sale comprises 5 residential units and a rooftop, with a total residential saleable area of approximately 1,609 sq ft* and a rooftop area of approximately 828 sq ft. Located just a 3-minute walk from Sai Ying Pun MTR Station, the property enjoys excellent accessibility and benefits from strong and sustained residential demand in the district.
Mr. Tommy Chan, Senior Director and Deputy Head of Investment & Sales at Savills Hong Kongsaid, “The portfolio is being offered with an indicative price of approximately HKD95 million and comprises a range of properties in prime Hong Kong Island locations, including Sai Wan Ho, Sai Ying Pun and Causeway Bay. The portfolio encompasses both residential units and ground-floor retail shops, with certain assets offering controlling share of ownership. Benefiting from close proximity to MTR stations and excellent transport connectivity, the properties present opportunities for redevelopment, refurbishment or conversion. The portfolio is well suited to investors, developers and student accommodation operators seeking long-term asset enhancement and value-add potential. Prospective purchasers may acquire the properties either individually or as a package.”
*The information provided is for reference purposes only and has not been independently verified. Interested parties are advised to seek independent professional advice.