Luxury House at Jardine's Lookout Listed at HK$980 Million with 4% Price Cut
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
A luxury two-storey detached house at No. 19 Cooper Road in Jardine's Lookout has been listed for sale at an indicative price of HK$980 million, representing a 4 percent price cut from its previous asking price of HK$1.02 billion three years ago. The property, spanning nearly 7,608 square feet of saleable area on a site of approximately 16,360 sq ft, was previously leased to a mainland Chinese corporate executive for HK$780,000 per month in August 2023. The owner acquired the house from the Hotung family heirs in 2011 for HK$460 million, and the current indicative price reflects a 1.1-fold increase, or HK$520 million profit, from the original purchase price .
Key Points
- The property is located at No. 19 Cooper Road in Jardine's Lookout and features a two-storey detached house on a single lot
- Saleable area reaches nearly 7,608 sq ft with a site area of approximately 16,360 sq ft and gross floor area of around 9,816 sq ft
- In August 2023, the house was leased to a mainland Chinese corporate executive at HK$780,000 per month, translating to HK$103 per sq ft
- Purchased from the Hotung family heirs in 2011 for HK$460 million, or HK$134,100 per sq ft; now listed at HK$980 million
- Features six bedrooms, wine cellar, staff quarters, multi-purpose room, security room, private swimming pool, gymnasium, and terrace gardens
- International real estate firm Savills serves as the sole agent for the sale; Raymond Wan, chief senior director of Investment, quoted on pricing comparison
Why It Matters
The listing comes amid ongoing price corrections in Hong Kong's ultra-luxury residential market, with this 4 percent reduction reflecting seller flexibility in attracting discerning buyers. Compared with recent transactions of newly built luxury residences at 39 South Bay Road and 6 Deep Water Bay Road, which achieved approximately HK$145,000 and HK$148,000 per sq ft respectively, this property at No. 19 Cooper Road offers a competitive price point for its move-in ready condition and premium amenities .
The listing comes amid ongoing price corrections in Hong Kong's ultra-luxury residential market, with this 4 percent reduction reflecting seller flexibility in attracting discerning buyers. Compared with recent transactions of newly built luxury residences at 39 South Bay Road and 6 Deep Water Bay Road, which achieved approximately HK$145,000 and HK$148,000 per sq ft respectively, this property at No. 19 Cooper Road offers a competitive price point for its move-in ready condition and premium amenities .