Rare en-bloc luxury residential in Tai Hang Road, Mid-Levels East for sale
A premium and scare property suitable for both investment and own use
HONG KONG, 12 September 2023 – JLL has been appointed as the lead agent for the sale of Elegant Court at No. 333 Tai Hang Road in Mid-Levels East. The market estimates the property to be worth about HKD 550 million.
Completed in 1982, Elegant Court is a four-storey luxury residential building located in Mid-Levels East, a long-standing upscale residential area on Hong Kong Island. With a saleable area of approximately 13,840 sq ft, the property provides eight units, two on each floor ranging in size from 1,628 sq ft to 3,270 sq ft, and a car parking space on the ground floor. It has a site area of approximately 6,471 sq ft which could be redeveloped into a multi-storey or standalone house with a gross floor area of up to approximately 13,857 sq ft, suitable for self-use or long-term investment for rental income. The property will be sold in its entirety on an "as is" basis and is available for sale by way of equity transfers.
Elegant Court is located in a prestigious area with low-density luxury houses. The property demonstrates the owner's identity and status while also providing a comfortable and quiet living environment with convenient transportation. It takes about five minutes to drive to Causeway Bay and about 10 minutes to Central or Southern District. The property also enjoys rich education resources surrounded by some of the finest schools in the city, including Marymount Primary School, St. Paul's Convent School, and French International School, among others. There are also well-known clubs such as the Jockey Club and Cricket Club, as well as medical facilities such as the Hong Kong Adventist Hospital.
Adrian Tang, Executive Director of Capital Market at JLL in Hong Kong, said, "Quality luxury residential projects that are available for sale as a whole in the market have always been rare and are highly sought after. With a definite market and value, this property is being sold as a whole on an 'as is' basis, making it a rare buying opportunity,”
“The surrounding environment of the property is tranquil and peaceful, yet conveniently located for daily living. It is only a few minutes' drive to the CBDs of Hong Kong Island, and is surrounded by prestigious schools, exuding a rich scholarly atmosphere. It is highly welcomed by families who pursue a high-quality lifestyle. Whether for self-use or long-term investment for rental income, it is an excellent choice and it is expected that it will attract the attention and favour of buyers and investors,” said Raymond Ho, Executive Director of Capital Market at JLL in Hong Kong.
For any enquiries regarding this property, please contact Mr Tang at 9654-5631 or Mr Ho at 9789-3531.
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 103,000 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.