Happy Valley Property Portfolio Lists for HK$208 Million via Savills
On.cc · 1 SOURCESabout 3 hours ago2 MIN
Summary
Savills has been appointed to sell a package of 11 residential units and one ground-floor shop at 77-79 Wong Nai Chung Road in Happy Valley, with an asking price of approximately HK$208 million . The units, covering about 60 percent of the overall property rights, are fully tenanted and offer views of the Happy Valley Racecourse . Priced at around HK$15,300 per square foot, the portfolio aligns with recent comparable transactions in the area .
Key Points
- The properties at 77 and 79 Wong Nai Chung Road form a single building sharing elevators and staircases, situated on a site area of approximately 4,004 square feet
- The 11 residential units each have a usable area of about 1,124 square feet, totalling approximately 13,596 square feet, while the ground-floor shop spans approximately 1,223 square feet
- The units are located within the Wan Chai District School Net 12, featuring prestigious primary schools including Marymount Primary School, St. Francis' Canossian College Primary Section, St. Paul's Primary Catholic School, and St. Joseph's Primary School
- The portfolio is being sold with existing residential tenancies in place, and all 11 units are currently occupied, providing immediate rental income
- The properties are adjacent to multiple private clubs and recreational facilities, including the Hong Kong Football Club, Kowloon Cricket Club, and South China Athletic Association
Why It Matters
Happy Valley remains one of Hong Kong's most sought-after residential districts, and the sale of a majority stake in a single building presents a rare opportunity for investors seeking to consolidate ownership in this prime location . With stable rental demand driven by the reputable school network and premium amenities, such acquisitions typically appeal to both long-term investors and developers looking to increase their holdings in the area .
Happy Valley remains one of Hong Kong's most sought-after residential districts, and the sale of a majority stake in a single building presents a rare opportunity for investors seeking to consolidate ownership in this prime location . With stable rental demand driven by the reputable school network and premium amenities, such acquisitions typically appeal to both long-term investors and developers looking to increase their holdings in the area .