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News Release

HONG KONG

Joint Sole Agent for the sales of 222 Hollywood Road in Sheung Wan


HONG KONG, October 02, 2017 – JLL today announced the company has been appointed as the joint sole agent of the sales of the en-bloc building at 222 Hollywood Road in Sheung Wan.

The 25-storey composite residential building at 222 Hollywood Road in Sheung Wan was built in 1995. The building covers a site area of 2,430 sq ft and provides 48 serviced apartments with a total gross floor area of 27,456 sq ft. The property is to be sold on vacant or "as-is" basis with existing tenancies. The vendor is expecting an offer of HKD530 million.

Raymond Fung, Regional Director of Capital Markets at JLL, said: "222 Hollywood Road is close to NOHO, the area north of Hollywood Road. The surrounding area Po Hing Fong, POHO, is just on its doorstep. Hollywood Road is one of the oldest streets in Hong Kong. It has become known as an East-meets-West neighborhood and is now home to a number of antique dealers, galleries, small independent stores, restaurants and bars. The area attracts many expats, which as a result, boosts the leasing and investment demand. The strong sales of a number of new residential projects in recent years also strengthens the confidence of investors and developers in the district."

Fung expects the property will attract end users and investors to join the bidding.

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