Mortgagee sale in Ho Man Tin seeks HK$24.5 million
AM730 · 1 SOURCESabout 2 hours ago4 MIN
Summary
CBRE has been appointed by the mortgagee as sole agent to sell Flat B on the first floor of Kadoorie Hill Garden at 34B-C Braga Circuit, Ho Man Tin, together with Car Parking Space No. 11, at an indicative price of HK$24.5 million. The flat has a saleable area of about 1,564 square feet and is laid out as three bedrooms, two en suites and a maid's room. The property will be sold on an as-is basis with vacant possession. CBRE said the asking price works out to about HK$15,600 per square foot, which it described as attractive against a nearby June transaction at about HK$17,000 per square foot
Key Points
- The property for sale is Flat B on the first floor of Kadoorie Hill Garden, 34B-C Braga Circuit, bundled with Car Parking Space No. 11
- CBRE said it was appointed by the mortgagee as sole agent, and the asset will be sold as-is with vacant possession
- The indicative price is HK$24.5 million, translating into roughly HK$15,600 per square foot based on 1,564 square feet saleable area
- The unit's layout comprises three bedrooms, two en suites and a maid's room, with a regular and practical floor plan
- Senior Director of CBRE Hong Kong Capital Markets Wong Yi-shing (黃懿誠) said nearby Braga Circuit 28B, second floor, changed hands in June at HK$17,000 per square foot
Why It Matters
For buyers tracking Kowloon luxury homes, the listing offers a rare price reference in Kadoorie Hill, an established low-density residential area known for larger family units and parking provision. It also shows how mortgagee-sale stock is being positioned to attract demand as agents describe both the primary and secondary residential markets as improving