CBRE launches $96m Sheung Wan redevelopment site sale

The site covers approximately 2,479 sq. ft.

CBRE has been appointed sole agent for the private treaty sale of 6–8 Ladder Street, Sheung Wan, a residential redevelopment site offered at $96m.

The site covers approximately 2,479 sq. ft. and is one of the few low-density residential plots available in Sheung Wan.

The property was held by the late owner since 1976 and is being sold by the family for the first time following the owner’s passing.

The site is held under a 999-year lease. It is zoned “Residential (Group C)” under planning regulations, with a maximum plot ratio of 5 and a building height limit of 12 storeys.

The vacant site allows a buyer to begin planning and redevelopment work immediately, subject to statutory approvals.

Located in the Mid-Levels area of Sheung Wan, the property is one block from Caine Road and has direct access to Ladder Street.

The surrounding area is predominantly residential, with a quieter setting compared with nearby commercial districts.

Several luxury residential developments are located within minutes of the site, whilst nearby single-ownership buildings and adjoining sites could provide future opportunities for consolidation and redevelopment.

The property falls within the Central & Western District school net, which includes schools such as King’s College, Sacred Heart Canossian College and St. Paul’s College.