News release

Property at No. 8 Shipyard Lane in Quarry Bay for Auction under Land (Compulsory Sale for Redevelopment) Ordinance

June 06, 2023

Hong Kong, June 6, 2023 – JLL today announced it has been appointed as the auctioneer for the sale of the Wah Ha Factory Building at No.8 Shipyard Lane in Quarry Bay by public auction pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sales for Redevelopment) Ordinance.

The public auction will be held at 11:00 am on 28 June 2023 (Wednesday) and the property has a reserve price of HKD 5.125 billion.

The Property is 20-storey industrial building with the ground floor consisting of two workshops, loading and unloading area, transformer room, switch room, telephone room, pump houses and a watchman’s room for non-domestic use. The first floor to 19th floor house four workshops and two-meter rooms per floor for non-domestic use.

The site is zoned as "Commercial" under Approved Quarry Bay Outline Zoning Plan No. S/H21/28. It has a site area of 27,089.97 sq ft.

The property is being sold partly with vacant possession and partly subject to existing lettings, tenancies and licences (if any) and on an 'as is' basis but subject to the existing building orders.

The public auction will be held at the JLL office, 7/F One Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong.


About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.