CBRE Appointed as Sole Agent for the Sale of 9 Oxford Road, Kowloon Tong

Hong Kong, 8 August 2017 – The owner of 9 Oxford Road has appointed CBRE as the sole agent for the sale of the luxury residential property. Expressions of Interest (EOI) will close on Friday, 15 September 2017.

The property is located in a prime luxury residential area in Kowloon Tong, situated at the junction of Hampshire Road and Oxford Road. It boasts views of Lion Rock and access to main roads from both sides of the building. The property has a site area of 10,671 sq. ft., comprising a 6,135 sq. ft. garden and a saleable area of 8,344 sq. ft. Built in 1954, it was purchased by the current owner in 1973. The property has strong redevelopment potential with maximum GFA of 19,208 sq. ft.

The property is relatively secluded from the area concentrated with schools, hotels and temples on the west side of Waterloo Road, making it a preferred residential area for well-known affluent families.

“Five single lot houses, with a total value of HK$2.4 billion, have been transacted in Kowloon Tong since May. This highlights the popularity of the luxury residential market in the district,” said Arthur Yeung, Senior Director, Capital Markets, CBRE Hong Kong. “The momentum of the luxury property market in Kowloon Tong has also strengthened in light of the tender of a residential site on Lung Cheung Road this fiscal year. The first and second sites on Lung Cheung Road were sought-after and bid on by local developer. Over the past year, mainland developers are actively involving in government land sale tender, it is expected that the property value in Kowloon Tong will be further enhanced upon the sale of Lung Cheung Road site. Earlier this year a local investor purchased 6 Kent Road for HK$300 million, equivalent to HK$46,500 per sq. ft.”

For sales inquiries please contact Arthur Yeung at 852 9088 9168.