Savills appointed sole agent for the tender sale of 12 & 14 Kent Road, Kowloon Tong
21 December 2015
Owned by the religious group, the two sites are at the most remarkable location in Kowloon Tong. The three-storey property at 12 Kent Road spans a site area and saleable area of 10,775 sq ft and 7,182 sq ft respectively. The two-storey property at 14 Kent Road has a site area and saleable area of 10,771 sq ft and 4,303 sq ft respectively. The total site area and saleable area are 21,546 sq ft and 11,485 sq ft respectively. The property possesses huge gardens and carports.
Sam Mock, Senior Director of Investment, Savills said, “the sites are located at an impeccable and luxury area in Kowloon Tong. It is worth mentioning that they are the only two adjoining residential sites currently on sale in the market. The owner holds the sites for over 25 years and it is a very unique moment they are out in the market for sale now. In addition, the townhouse sites are usually well sought-after, such as No.22 Barker Road, The Peak (transacted at HK$1.5 billion / unit price per saleable sq ft HK$151,668), No.1 Purves Road (Transacted at HK$760 million / A.V. per sq ft HK$96,729 sq ft) and No.35 South Bay Road (Transacted at HK$808 million / unit price per saleable sq ft HK$110,776). Comparatively speaking, the A.V. for 12 & 14 Kent Road is at a range of HK$37,000 to HK$40,000 per sq ft which is very attractive.”