business · AM730

MOUNT POKFULAM Villa Sells for HK$2.3 Billion in Tender, 30-Day Completion

AM730 · 1 SOURCESabout 3 hours ago5 MIN

Summary

Henderson Land Development (stock code: 1243) and KWah Group jointly developed the MOUNT POKFULAM project on Pokfulam Road in Mid-Levels West, Hong Kong Island. On Tuesday, the project successfully sold Villa 86B via tender for HK$2.3 billion, marking the development's fifth transaction. The villa features 4,810 sq ft of saleable area with a four-bedroom, four-ensuite layout plus family room and walk-in closet, complemented by a 1,223 sq ft garden, 955 sq ft rooftop, private elevator, private pool, and two parking spaces. The interior design was personally overseen by Danny Cheng, founder of Danny Cheng Interiors Limited. With only two villas remaining, the project has generated cumulative sales proceeds exceeding HK$1.14 billion.

Key Points

Villa 86B at MOUNT POKFULAM sold via tender for HK$2.3 billion, approximately HK$47,817 per sq ft
The 4,810 sq ft villa includes four bedrooms, four ensuites, family room, dressing room, 1,223 sq ft garden, and 955 sq ft rooftop
Interior design was handled by Danny Cheng (鄭炳坤), founder of Danny Cheng Interiors Limited, with full furnishings included
The transaction marks the fifth sale for MOUNT POKFULAM, with cumulative sales exceeding HK$1.14 billion
Only two villas remain available: 86F and 86G, ranging from 3,654 to 4,717 sq ft

Why It Matters

The HK$2.3 billion transaction underscores robust demand for premium detached houses on Hong Kong Island, particularly among buyers seeking green surroundings, privacy, and seamless connectivity to Central and the West Kowloon high-speed rail terminus . The swift 30-day completion and high buyer satisfaction with the turnkey offering signal renewed confidence in the ultra-luxury residential segment, potentially attracting more developers to similar projects.