Sai Kung Sea-View Estate Listed at HK$200M with Redevelopment Potential
AM730 · 1 SOURCESabout 3 hours ago2 MIN
Summary
CBRE has been appointed as exclusive agent to market a prime sea-view residential estate at 99 Chuk Yeung Road in Sai Kung's traditional luxury residential enclave, with an asking price of HK$200 million . The property sits on approximately 30,000 square feet of land and currently comprises 8 independent houses with a total saleable area of about 12,345 square feet, working out to approximately HK$16,200 per square foot . Each house features private gardens and individual garages, while the development also includes recreational facilities such as a 17-meter outdoor swimming pool and an indoor squash court . The estate enjoys unobstructed sea views and lush mountain scenery, offering high privacy in a tranquil environment near the WM Hotel and Sai Kung town centre .
Key Points
- The estate at 99 Chuk Yeung Road has a site area of about 30,000 sq ft and comprises 8 detached houses totaling 12,345 sq ft
- CBRE is marketing the property at HK$200 million, equating to approximately HK$16,200 per sq ft of saleable area
- Current facilities include a 17-meter outdoor pool, indoor squash court, private gardens, and individual garages for each house
- The location near WM Hotel offers quick access to Sai Kung's dining, shopping, and lifestyle amenities while maintaining a serene environment
- Redevelopment options include 3-4 boutique houses of 3,000-4,000 sq ft each, or one 12,000 sq ft luxury residence
Why It Matters
Hong Kong's supply of large low-density residential sites suitable for collective sale remains extremely limited, making this offering particularly rare for ultra-high-net-worth buyers seeking customization options . The growing demand from family offices and wealthy individuals for bespoke luxury homes underscores the scarcity of such redevelopable luxury sites in the market, especially in scenic areas like Sai Kung .
Hong Kong's supply of large low-density residential sites suitable for collective sale remains extremely limited, making this offering particularly rare for ultra-high-net-worth buyers seeking customization options . The growing demand from family offices and wealthy individuals for bespoke luxury homes underscores the scarcity of such redevelopable luxury sites in the market, especially in scenic areas like Sai Kung .