Hong Kong, 7 January 2026 – JLL has been appointed sole agent for the collective sale by public tender of 11 out of 12 undivided shares in the site at 3-7A Holly Road, Happy Valley, representing approximately 91.7% of the total undivided ownership. Located within the traditional luxury residential enclave of Happy Valley, the site is a rare and premium offering in the district in recent years. With the ownership share meeting the threshold for a compulsory sale application, the site presents significant potential for long-term investment and redevelopment. The estimated market value is approximately HKD338 million. The tender will close on Tuesday, 17 March 2026 at 4:00 PM.

Located in one of Hong Kong Island's most established luxury residential neighbourhoods, 3-7A Holly Road in Happy Valley comprises two low-rise residential blocks with a total site area of approximately 15,900 sq ft. The site is just minutes from Happy Valley Racecourse and offers convenient access to the commercial hubs of Causeway Bay and Tin Hau. The area is well served by premium lifestyle and healthcare amenities, dining establishments and high-end boutiques. It falls within Primary School Net 12 and the Wan Chai District for Secondary School Places Allocation, and is in close proximity to leading international schools and prestigious local institutions, providing exceptional educational resources.

The property is offered on an "as-is" basis, with a mix of vacant possession and existing tenancies, providing investors with immediate rental income potential. With more than 90% of the site's undivided shares included in this sale, the portfolio meets the threshold for a compulsory sale under the Land (Compulsory Sale for Redevelopment) Ordinance (Cap. 545), enabling buyers to consolidate the remaining interest for redevelopment.

Under the approved Wong Nai Chung Gap Outline Zoning Plan No. S/H7/21, the site is designated "Residential (Group C) 2" with a maximum plot ratio of 2.1, allowing for a potential gross floor area of approximately 33,390 sq ft upon redevelopment. Prospective buyers may consider transforming the site into a six-storey, low-density luxury residential building with a carport on the ground floor.

Christopher Young, Senior Director of Hong Kong Capital Markets at JLL said: "Hong Kong's ultra-prime residential market reached a decisive turning point in 2025. With the complete removal of property cooling measures and the onset of an interest rate cut cycle, capital has been flowing back into the residential sector, particularly targeting premium and scarce assets, as the market has seen a resurgence of 'big‑ticket' transactions. As a rare, high-quality luxury residential site in a core Hong Kong Island district, 3-7A Holly Road stands out for its high level of ownership consolidation and clearly defined development potential. It represents an exceptional opportunity for investors to secure a scarce asset at a time of market recovery. With demand for luxury homes rebounding, we anticipate strong interest from both local and overseas developers in this tender."

For more information, please contact Christopher Young at 9387-2809.