Hong Kong, 16 November 2020 – Colliers International (NASDAQ: CIGI; TSX: CIGI), a leading diversified professional services and investment management company, has been appointed by the owner as the sole agent for the sale of the property on Lot 453 in D.D. 399, Ting Kau, Tsuen Wan. The Property is to be sold on an “as-is” basis with vacant possession. The asking price is HK$110 million.
Built in 1979, the Property is now a two-story house covering an area of about 8,310 sq ft with a saleable area of approximately 4,904 sq ft. Featuring an idyllic setting of mountains and sea and a great sense of privacy and exclusivity, the Property enjoys an unobstructed view of the ocean and the Ting Kau Bridge.
Erica Poon, Director of Capital Markets and Investment Services at Colliers International, said: “The number of single lot houses in Ting Kau for sale in the past years was limited and it has been three years since the last transaction was made in 2017. The only project completed in recent years was Deauville on Castle Peak Road by Sun Hung Kai Properties, which an odd number of houses was sold for HK$110 million in May this year, equating to HK$32,900 per sq ft in saleable area.
“Boasting an atmosphere of tranquillity, a remarkable level of privacy and a commanding view over the azure waters and the Tsing Ma Bridge, properties in the Ting Kau section are in short supply and have long been coveted by buyers. An enthusiastic market response is expected, as people may be interested to buy the house for own use and corporates may bid for it as a company vacation home. The launch of the Property will also attract developers to purchase for redevelopment purposes.
“Just a 25-minute drive from Central core district, the Property for sale is conveniently located. Nestled in a prime location, it is well-connected and is only 10 minutes away from Tsuen Wan West, which has seen rapid development in recent years and is now filled with large shopping malls and other amenities. The renowned Harrow International School Hong Kong, which is in the same district as the Property, is just a 15-minute drive away.”Should you need further information on the Property, please contact Ms. Poon, Director of Capital Markets and Investment Services at Colliers International (phone: 9730 1678/ email: email@example.com).