A rare investment opportunity in a traditional luxury residential area
News release
26 June 2023
Project at No. 10 Wang Fung Terrace in Mid-Levels East for Sale by Share Capital
Hong Kong, June 27, 2023 – JLL announced it has been appointed as the sole agent for the sale of the entire issued share capital of the company holding No. 10 Wang Fung Terrace, Tai Hang. The market estimates the project to be worth about HKD 550 million.
Located in the traditional luxury residential area in Mid-Levels East, the project is a newly built curtain wall house with an approved gross floor area of approximately 12,315 sq ft, which can be divided into two separate houses of saleable area approximately 5,207 sq ft and 5,389 sq ft respectively. The project was built with high ceiling height - approximately 4.5m on the First Floor, private garages on the Ground Floor with ample car parking spaces and fitted with Control 4 smart home system escalating the quality of life and living experience of residents.
The project is conveniently located a short distance from the bustling district of Causeway Bay, a seven-minute and 10-minute drive to the central business districts of Admiralty and Central, respectively, and a 15-minute drive to West Kowloon Station and the Kwun Tong business district.
Raymond Ho, Executive Director of Capital Markets at JLL in Hong Kong, said: "Mid-Levels East is a rare investment opportunity in a popular and traditional luxury residential location that has been under-bought. The project is equipped with advanced smart home and security systems, providing a best-in-class automated experience in home, entertainment, health and security, and greatly enhancing the convenience of living. In addition, the project is located in the 12 POA School Net of traditional schools such as St. Paul's Primary Catholic School, St. Joseph's Primary School and Marymount Primary School, which is expected to be very popular with families. We believe that the scarcity and high quality of this project in Mid-Levels East has the potential to increase in value and is definitely suitable for investors for their own use or investment."
Please contact Mr. Raymond Ho at 9789 3531 or Mr. Alan Tam at 9198 3529 for more information about the project.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.