Capital Markets Featured Properties - Site for Elderly Home Headquarter in Kowloon City for Sale

349 Prince Edward Road West, Kowloon City

A bare site ready for immediate development with an approved scheme for a residential care home for the elderly*

Sam Mock

Executive Director, Investment Property & Private Office, Capital Markets, Hong Kong

Lic: E-106477

Property ID	CBRE-CM-ADV-5709
Location	349 Prince Edward Road West, Kowloon City, Kowloon
Site Area	Approx. 6,275 sq. ft. (According to Government Lease)
Total Approved GFA	Approx. 31,371 sq. ft. (source: as per approved building plan, for reference only)
Class of Site	Class A
Proposed No of Storey*	11-storey including basement
Proposed No of Beds*	141
Status	The property is currently a bare site, offering an excellent opportunity for immediate development
Tender Closing Date	At 12:00 noon, 18 August 2026 (Tuesday)
Advertisement Date	2026-07-20
Last Updated	2026-07-20

Strategically located near St. Teresa's Hospital, with just an approximately 5-minute walk to the Sung Wong Toi MTR Station.
The site has been approved by the Town Planning Board (TPB) for the development of an 11-storey (including basement) residential care home for the elderly providing 141 beds*.
The property has a site area of approximately 6,275 sq. ft. and a total approved Gross Floor Area (GFA) of approximately 31,371 sq. ft.
Benefiting from the Scheme to Encourage Provision of Residential Care Estate for the Elderly (RCHEs) in New Private Developments, building an eligible elderly home may exempt the developer from the relevant land premium*
The property is currently a bare site, offering an excellent opportunity for immediate development.

*Subject to final approval from the government and relevant authorities

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