CBRE oversees public tender sale of Essex Crescent properties in Kowloon Tong

The market valuation of the property is approximately $400m.

CBRE has been appointed as the sole agent for the public tender sale of No. 18-20, Essex Crescent, Kowloon Tong.

The market valuation is approximately $400m, which is equivalent to a land price of about $31,395 per sq. ft.

Currently a two-storey residential building with a car park, the site spans approximately 21,235 sq. ft., with a potential redevelopment gross floor area of around 12,741 sq. ft.

The property will be sold via public tender, with the deadline set on 18 November at 12 p.m.

Located on Essex Crescent in Kowloon Tong, the property occupies a double-lot site with a frontage of approximately 180 ft.

The site is in proximity to local and international schools, including La Salle College, Maryknoll Convent School, Diocesan Preparatory School, American International School, Hong Kong Baptist University, and City University of Hong Kong.

It is also near recreational facilities such as the Kowloon Tsai Home Owners’ Association and Kowloon Tong Club.