Building at Nos. 26-28 Ho King Street and No. 2 Ping Lan Street in Ap Lei Chau for Auction under Land (Compulsory Sale for Redevelopment) Ordinance
News release
08 March 2023
Building at Nos. 26-28 Ho King Street and No. 2 Ping Lan Street in Ap Lei Chau
Hong Kong, March 9, 2023 – JLL today announced it has been appointed as the auctioneer for the sale of a building at Nos. 26, 28 Ho King Street and 2 Ping Lan Street in Ap Lei Chau by public auction pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sales for Redevelopment) Ordinance.
The public auction will be held at 11:00 am on 29 March 2023 (Wednesday) and the property has a reserve price of HKD157 million.
The five-storey building at Nos. 26, 28 Ho King Street was built in 1965. The ground floor consists of two retail shop units for non-domestic use and first floor to fifth floor houses two units per floor for domestic use.
The 58-year-old building at No. 2 Ping Lan Street has five floors. The ground floor consists of one retail shop and one store room for non-domestic use and the first floor to fifth floor provide one flat on each floor for domestic use.
The site is zoned as "Residential (Group A)2" under Draft Aberdeen and Ap Lei Chau Outline Zoning Plan No. S/H15/33. It has a site area of 2,400 sq ft.
The property is being sold partly with vacant possession and partly subject to existing lettings, tenancies and licences (if any) and on an 'as is' basis but subject to the existing building orders.
The public auction will be held at the JLL office, 7/F One Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong.
About JLL
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