Property at Nos. 35, 37, 37A, 37B, 39 and 39A Gough Street, Central sold by public auction under Land (Compulsory Sale for Redevelopment) Ordinance for HKD 277 million

Hong Kong, 22 May 2026 – JLL today announced that the property at Nos. 35, 37, 37A, 37B, 39 and 39A Gough Street, Central (the "Property") was sold by public auction pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance this afternoon to Mr Or Pu Kwan for HKD 277 million. JLL was the auctioneer.

The 68-year-old Property is a five-storey composite building, including a basement/sub-basement. The composite building fronting Gough Street, is served by two common staircases. As per the Occupation Permit, the store at sub-basement and shops at front portion of G/F are for non-domestic purpose, while the Chinese type apartments at basement, rear portion of G/F and 1/F to 4/F are for domestic use.

The site is zoned as "Residential (Group A) 10" under the Approved Sai Ying Pun and Sheung Wan Outline Zoning Plan No. S/H3/34, and occupies a site area of approximately 4,917 sq ft.

The Property is being sold partly with vacant possession and partly subject to existing lettings, tenancies and licences (if any) and existing building orders, and on an 'as is' basis.

Cynthia Li, Senior Director, Project Strategy and Consultancy at JLL in Hong Kong, said: "Amid improving market sentiment, investor interest in ageing urban assets has picked up. The Property benefits from its proximity to the core Central and Sheung Wan business districts, offering a prime location and solid asset fundamentals. It is well suited for redevelopment into a mixed-use commercial and residential project. Against a backdrop of limited supply in core districts, the Property presents attractive long-term investment potential."