JLL said it is putting up for sale all the shares issued by the project company holding No. 10 Wang Fung Terrace, Tai Hang. The project is located in the traditional luxury housing area on the eastern side of the Mid-Levels. It is a stand-alone villa with a full glass curtain wall. The building area is up to 12,315 square feet and can be divided into two independent villas with respective usable areas of approximately 5,207 square feet and 5,389 square feet. The living room of the project has a ceiling height of up to 4.5 meters. There is a private garage underground that can park multiple cars and is equipped with a whole-house smart home system.
The seller has a background as a contractor.
It is understood that the seller of the above luxury housing project is held by Ocean Eagle Enterprises Limited. With a background as a contractor, it rebuilt the above luxury house by itself. It is reported that the renovation has been completed at present and the new buyer can move in at any time.
Uploaded the brochure in June last year.
The project at No. 10 Wang Fung Terrace, Tai Hang uploaded the brochure in June last year. According to the brochure information, the project consists of 6 units. The building is 4 stories high and the usable area ranges from 172 to 5,238 square feet. The brochure information shows that units A and B are special units, respectively involving the basement, the first to third floors and the rooftop. The usable areas are 4,178 and 5,238 square feet respectively. The largest unit is unit A, which has a two-bedroom suite layout. The usable area is 5,238 square feet, with a 291-square-foot platform and an 894-square-foot rooftop. There are two parking spaces at the basement location.
In addition, unit C on the 2nd floor adopts an open-plan design with a usable area of 730 square feet. It is expected that the buyer will partition it by themselves. There are also two parking spaces attached at the basement location. As for the 3rd floor, there are units D, E, and F. The usable areas are only 172 to 205 square feet and all are equipped with built-in kitchens.
Put up for sale in August last year. The valuation is about HK$700 million.
Looking up the information, No. 10 Wang Fung Terrace, Tai Hang was entrusted to an agent for sale in August 2021. At that time, the market valuation was about HK$700 million and the price per square foot was about HK$58,000.
