CBRE Hong Kong has been appointed as the sole agent for the sale of 16 Wang Fung Terrace (pictured), a new, en-bloc luxury residential development on Hong Kong Island. The property will be sold with vacant possession through tender which will close at 12 noon on Wednesday, June 11.
Wang Fung Terrace is a luxury residential area on Hong Kong Island, a tranquil and green place with partial sea views. The location is well connected to the transport network. It is a five-minute drive to Causeway Bay and is accessible to central business district via Gloucester Road.
The property has a total saleable area of 8,817 sq ft and comprises four sections; three sections of the complex are triplex flats and one section comprises three single flats.
Each triplex flat provides an en-suite master bedroom and a spacious family room on the first floor, three bedrooms (including an en-suite) on the second floor, and a spacious living and dining room on the third floor. Each is accessible through independent lifts and each enjoys a separate roof terrace. The development also provides a swimming pool on the roof and spacious garages. The three single flats each offer living / dining room and two-bedrooms and can be accessed by another set of lifts.
Stanley Wong, Senior Director, Investment Properties at CBRE Hong Kong, said “Supply of brand new residential properties on Hong Kong Island has long been scarce. The sale of 16 Wang Fung Terrace, an entire project, is especially attractive to both local and mainland Chinese families who prefer to have the whole family living together but also enjoy a certain level of privacy.
Wong added: ”The number of transactions for luxury residential properties has greatly reduced since the government cooling measures early last year, however we have seen transactions for luxury residential starting to reactivate in recent months.”
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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