Photo courtesy of JLL

More than 80% shares of residential property at Kowloon on sale: JLL

The property is estimated to be worth over $180m.

Over 83.96% shares of the property at Tak Cheong Lane in Kowloon were put on sale, which is estimated to be worth over $180m, JLL, said.

In a statement, JLL, the appointed sole agent, said the eight-storey property is at Nos. 16, 16A, 18, 20, 22 and 22A Tak Cheong Lane, a core residential area.

The asset has a site area of 3,668.43 square feet (sq ft) and a saleable area of 18,557 sq ft.

With its convenient location at the core residential zone, it offers transport links with Yau Ma Tei Mass Transit Railway station within three-minutes walking distance.

READ: JLL to close leasing transaction in retail podium Maya by Nouvell

“The property will be sold on an "as-is" basis and is subjected to existing tenancies and/or licences. It could be transacted via partly asset sales and partly equity sale,” read the statement.

JLL Chairman Joseph Tsang said developers are actively acquiring old buildings with potential for redevelopment and properties in core areas, which makes the property at Kowloon “attractive” for investors.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Bank of East Asia unveils mobile app with personalised interface
Users can create shortcuts for frequently performed tasks and can avail of rewards.
GHG emissions tools launched in HK
These tools will assist SME and financial firms in the city with sustainability reporting.
Energy & Offshore

Exclusives

HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.