Gough Street Central property heads to auction following tribunal ruling

The site has a reserve price of $277m.

A property at Nos. 35, 37, 37A, 37B, 39, and 39A Gough Street in Central will be sold by public auction, under a Lands Tribunal order issued pursuant to the Land (Compulsory Sale for Redevelopment) Ordinance, with a reserve price of $277m.

JLL said in a press release it will serve as the auctioneer, with the auction scheduled for 3 p.m. on 22 May 2026.

The 68-year-old property is a five-storey composite building with a basement and sub-basement, fronting Gough Street and served by two common staircases.

According to the occupation permit, the store on the sub-basement level and shops at the front portion of the ground floor are designated for non-domestic use.

The Chinese-type apartments at the basement, rear portion of the ground floor, and first to fourth floors are designated for domestic use.

The site is zoned “Residential (Group A) 10” under the Approved Sai Ying Pun and Sheung Wan Outline Zoning Plan No. S/H3/34, and has a site area of about 4,917 square feet.

The property will be sold partly with vacant possession and partly subject to existing lettings, tenancies, and licences, if any, and existing building orders, on an “as is” basis.

The auction will be held at the JLL office at One Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong.