Rare Chung Hom Kok villa complex up by submission of formal offer

Hong Kong, 2 June 2025 – The initial listing of Jade Beach Villa at 3-7 Horizon Drive in Chung Hom Kok (the "Property") has garnered significant interest over the last few months, prompting the owner to appoint JLL to release the property by submission of formal offers. It is currently the largest single luxury residential lot available for sale in the private market. The closing date for submission of formal offers is at 12:00 noon on Tuesday, 29 July 2025.

Completed in 1977, the Property comprises 12 apartments and 18 houses on a site area of approximately 102,000 sq ft. It has a maximum permissible gross floor area (GFA) of approximately 57,375 sq ft and a total saleable area of approximately 55,914 sq ft. The 12 Type A apartment units each have a saleable area of 1,469 sq ft, the 12 Type B houses each have a saleable area of 1,872 sq ft, and the six Type C houses each have a saleable area is 2,637 sq ft. With a development plot ratio of only 0.56, the layout of the houses is superior to other luxury residential projects, ensuring exceptional privacy for residents.

The Property enjoys a prime location in a prestigious residential neighbourhood of detached houses, conveniently located close to the Dairy Farm Chung Hom Kok Shopping Mall. MTR Ocean Park Station is a 10-minute drive away, while Happy Valley, Causeway Bay, and the Central business district can be reached in approximately 15-20 minutes, providing excellent connectivity to the city.

Under the approved Stanley Outline Zoning Plan No. S/H19/16, the site is zoned as "Residential R (C)". The Property can be redeveloped into a three-storey detached house with one-storey open carport.

The Property is to be sold on "as-is" basis and subject to existing tenancies and/or licences (if any). Currently, eight out of 12 apartments and 14 out of 18 houses are tenanted, while four apartments and four houses are vacant.

Joseph Tsang, Chairman of JLL in Hong Kong, said: "Jade Beach Villa is currently the only and largest single-lot luxury residential site available for sale in the private market. With a site area exceeding 100,000 sq ft, developers have greater flexibility to design the layout and develop an ultra-luxury residential project. Such land parcels are rarely offered for sale in the market and we believe that this exercise will attract significant interest from investors and developers."

Danny Chan, Executive Director of Capital Markets at JLL, added: "This luxury villa development is situated by the seaside, with each unit offering panoramic sea views. Nestled within a tranquil community and surrounded by serene, scenic landscapes, it has always been highly sought after by tenants. Furthermore, with luxury residential rents continuing to rise, buyers have the option to retain the property for rental purposes after redevelopment, potentially yielding attractive returns."