Press Release
CBRE Appointed As Sole Agent for the Sale of Property Portfolio of The Arch And Whitesands House 23 on No. 160 South Lantau Road, Lantau Island, by Public Tender
August 2, 2024
Media Contact
Christine Tai
Associate Director, Marketing & Communications, Hong Kong
CBRE has been appointed by the Receivers and the Managers as the Sole Agent for the sale of property portfolio of The Arch, including a Penthouse in Sun Tower and other units and car parking spaces, as well as Whitesands House 23 on No. 160, South Lantau Road, Lantau Island by public tender. Tender closing date is set for 12noon, 23 September 2024 (Monday).
Located atop Kowloon MTR Station and Elements, The Arch, developed by Sun Hung Kai Properties and completed in 2005, offers unparalleled connectivity to Greater Bay Area via the adjacent West Kowloon High-Speed Rail Station. The portfolio for sale features an independent penthouse on 80-82/F of Sun Tower (Block 1A) and a private pool on the rooftop. Among the five penthouses in The Arch development, only three feature private rooftop pools, making them the most coveted and expensive units. The portfolio also includes six car parking spaces on B1/F, four high-rise simplex units with sea views on 79/F and 80/F, and a unit in Star Tower (Block 2).
The penthouse on 80-82/F of Sun Tower (Block 1A) boasts a saleable area of approx. 4,398 sq. ft. and a rooftop area of approx. 2,206 sq. ft, providing unobstructed, magnificent views of Victoria Harbour. The high-rise property also features an exceptionally high ceiling of approx. 4.6 meters on 80/F, which is the highest among the units at The Arch. Units B and C on the same floor provide sea view and cover saleable area of approx. 972 sq. ft. and 1,029 sq. ft. respectively. If purchased together with the penthouse, the total area reaches approx. 6,399 sq. ft. Units C and D of 79/F also provide sea view and cover saleable area of approx. 970 sq. ft. and 1,030 sq. ft. with functional layouts. Moreover, the three-ensuite bedroom unit A, 25/F, Star Tower (Block 2) has a saleable area of approx. 891 sq. ft. and offers lush greenery and city views.
House 23 on No. 160 South Lantau Road, Lantau Island, is also available for sale. Developed by Swire Properties and completed in 2015, the estate comprises 28 houses. The two-storey house, featuring three ensuite bedrooms, boasts a saleable area of approx. 2,417 sq. ft. and a garden of approx. 2,660 sq. ft., providing tranquility in the estate. The 1/F and rooftop of the property offer stunning views of Pui O Bay and the property is only a few minutes’ drive away to Cheung Sha Beach.
Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong, says: “The high-rise residential units provide unobstructed, magnificent views of Victoria Harbour and are highly sought after in the market. The penthouses have attracted interest both from local high-net-worth individuals and wealthy families in both Hong Kong and mainland China due to the scarce supply. Looking at the past transactions for reference, the penthouse on 77-79/F of Sky Tower (Block 1) together with units B and C on 79/F were sold for more than HK$520 million, setting a new record high in 2014. The average price of the apartment exceeded HK$100,000 per sq. ft. The most recent transacted penthouse was the one at Star Tower (Block 2) which was the last penthouse sold by the developer in December 2023 for almost HK$220 million, involving approx. 2,682 sq. ft. The average price was over HK$80,000 per sq. ft. Despite lacking a private rooftop pool, this transaction could serve as an indicator. Also, many buyers looking for relaxing tranquility are drawn to the Cheung Sha area on Lantau Island. House 23, Whitesands is expected to attract bids from wealthy buyers who are interested in Lantau Island. The portfolio offers high flexibility, allowing buyers to purchase the entire portfolio, or just to opt for individual properties.”
For enquiries regarding the project, please contact Reeves Yan, Executive Director, Head of Capital Markets (T: +852 9463 9892), Arthur Yeung, Executive Director, Capital Markets (T: +852 9088 9168), Avan Pau, Senior Director, Investment Property & Private Office, Capital Markets (T: +852 9836 9656), Jerry Yuen, Senior Director, Capital Markets (T: +852 9383 0247), or Travis Tai, Associate Director, Capital Markets (T: +852 6225 3356) at CBRE Hong Kong.
Photo 1: Magnificent views to Victoria Harbour from apartment on 80/F, The Arch
Photo 2: Apartment on 80/F, The Arch (Boundary in the picture is only for reference and does not represent the actual scope of the property, information picture)
Photo 3: Private pool on the rooftop of the apartment, The Arch, fronting the Victoria Harbour
Photo 4: Interior picture of the apartment on 80/F, The Arch, fronting the Victoria Harbour
Photo 5: View from the rooftop of House 23, Whitesands (information picture)
Photo 6: Location of House 23, Whitesands (information picture)
Photos are for reference only
Property Advertising Number: CBRE-CM- ADV4794A-F
Located atop Kowloon MTR Station and Elements, The Arch, developed by Sun Hung Kai Properties and completed in 2005, offers unparalleled connectivity to Greater Bay Area via the adjacent West Kowloon High-Speed Rail Station. The portfolio for sale features an independent penthouse on 80-82/F of Sun Tower (Block 1A) and a private pool on the rooftop. Among the five penthouses in The Arch development, only three feature private rooftop pools, making them the most coveted and expensive units. The portfolio also includes six car parking spaces on B1/F, four high-rise simplex units with sea views on 79/F and 80/F, and a unit in Star Tower (Block 2).
The penthouse on 80-82/F of Sun Tower (Block 1A) boasts a saleable area of approx. 4,398 sq. ft. and a rooftop area of approx. 2,206 sq. ft, providing unobstructed, magnificent views of Victoria Harbour. The high-rise property also features an exceptionally high ceiling of approx. 4.6 meters on 80/F, which is the highest among the units at The Arch. Units B and C on the same floor provide sea view and cover saleable area of approx. 972 sq. ft. and 1,029 sq. ft. respectively. If purchased together with the penthouse, the total area reaches approx. 6,399 sq. ft. Units C and D of 79/F also provide sea view and cover saleable area of approx. 970 sq. ft. and 1,030 sq. ft. with functional layouts. Moreover, the three-ensuite bedroom unit A, 25/F, Star Tower (Block 2) has a saleable area of approx. 891 sq. ft. and offers lush greenery and city views.
House 23 on No. 160 South Lantau Road, Lantau Island, is also available for sale. Developed by Swire Properties and completed in 2015, the estate comprises 28 houses. The two-storey house, featuring three ensuite bedrooms, boasts a saleable area of approx. 2,417 sq. ft. and a garden of approx. 2,660 sq. ft., providing tranquility in the estate. The 1/F and rooftop of the property offer stunning views of Pui O Bay and the property is only a few minutes’ drive away to Cheung Sha Beach.
Reeves Yan, Executive Director, Head of Capital Markets, CBRE Hong Kong, says: “The high-rise residential units provide unobstructed, magnificent views of Victoria Harbour and are highly sought after in the market. The penthouses have attracted interest both from local high-net-worth individuals and wealthy families in both Hong Kong and mainland China due to the scarce supply. Looking at the past transactions for reference, the penthouse on 77-79/F of Sky Tower (Block 1) together with units B and C on 79/F were sold for more than HK$520 million, setting a new record high in 2014. The average price of the apartment exceeded HK$100,000 per sq. ft. The most recent transacted penthouse was the one at Star Tower (Block 2) which was the last penthouse sold by the developer in December 2023 for almost HK$220 million, involving approx. 2,682 sq. ft. The average price was over HK$80,000 per sq. ft. Despite lacking a private rooftop pool, this transaction could serve as an indicator. Also, many buyers looking for relaxing tranquility are drawn to the Cheung Sha area on Lantau Island. House 23, Whitesands is expected to attract bids from wealthy buyers who are interested in Lantau Island. The portfolio offers high flexibility, allowing buyers to purchase the entire portfolio, or just to opt for individual properties.”
For enquiries regarding the project, please contact Reeves Yan, Executive Director, Head of Capital Markets (T: +852 9463 9892), Arthur Yeung, Executive Director, Capital Markets (T: +852 9088 9168), Avan Pau, Senior Director, Investment Property & Private Office, Capital Markets (T: +852 9836 9656), Jerry Yuen, Senior Director, Capital Markets (T: +852 9383 0247), or Travis Tai, Associate Director, Capital Markets (T: +852 6225 3356) at CBRE Hong Kong.
Photo 1: Magnificent views to Victoria Harbour from apartment on 80/F, The Arch
Photo 2: Apartment on 80/F, The Arch (Boundary in the picture is only for reference and does not represent the actual scope of the property, information picture)
Photo 3: Private pool on the rooftop of the apartment, The Arch, fronting the Victoria Harbour
Photo 4: Interior picture of the apartment on 80/F, The Arch, fronting the Victoria Harbour
Photo 5: View from the rooftop of House 23, Whitesands (information picture)
Photo 6: Location of House 23, Whitesands (information picture)
Photos are for reference only
Property Advertising Number: CBRE-CM- ADV4794A-F
About CBRE Group, Inc
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.