Property at Nos. 308 & 310 and 312 & 314 Shun Ning Road, Cheung Sha Wan, Kowloon sold by public auction under Land (Compulsory Sale for Redevelopment) Ordinance

Hong Kong, 23 September 2025 – JLL today announced that the property at Nos. 308 & 310 and 312 & 314 Shun Ning Road, Cheung Sha Wan, Kowloon (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 morning to Tai Chung Property Limited for HKD123 million. JLL was the auctioneer.

Known as Tai Chung Court under the former Civil Servants' Co-operative Building Society Scheme, the Property comprises two five-storey tenement buildings. Each building is served by a single common staircase and accommodates two residential units per floor, providing a total of 20 units for domestic use. The site is zoned as "Residential (Group A) 8" under the draft Cheung Sha Wan Outline Zoning Plan No. S/K5/40, and occupies a site area of approximately 4,800 sq ft.

The Property was 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 of Project Strategy and Consultancy Department at JLL in Hong Kong, said: "Cheung Sha Wan has become a focal point for acquisition and redevelopment by private developers and the Urban Renewal Authority. The district has seen the completion of numerous new residential developments, supported by increasingly comprehensive community facilities, transforming it into an up-and-coming residential neighbourhood. This property enjoys excellent transport connectivity, being just a 6-minute walk from Cheung Sha Wan MTR Station, ensuring strong sales potential when redeveloped into residential project."