999-year lease site in Mid-Levels West over 80% shares for collective sale
Rare luxury residential site over 10,000 sq. ft on Conduit Road offers huge redevelopment potential
HONG KONG, 29 August 2022 – JLL has been appointed as the sole agent for the collective sale of 82.1% undivided shares of Yee Lin Mansion located at No. 54A-54D Conduit Road, Mid-Levels West. All Expressions of Interest (EOI) should be submitted to JLL by noon on 7th October 2022 (Friday).
Located in a famous luxury residential area in Mid-levels West, Yee Lin Mansion provides 28 units and 28 car parking spaces with a site area of approx.11,253 sq ft. The site is in a prime location with medium-density residential zoning which provides a higher privacy to the residents, while having good accessibility to Central and renowned primary and secondary schools. In addition, it is only a five-minute drive to the Central and Admiralty CBDs, 16-minute drive to West Kowloon Station, and the Central-Mid-Levels Escalator and SoHo district are within 10 minutes walking distance.
According to Mid-Levels West Outline Zoning Plan No. S/H11/15, the site is zoned as "Residential (Group B)" with a development plot ratio of five. With a 999-year lease, such a luxury residential site in Mid-Levels West is scarce in the market.
Danny Chan, Executive Director of Capital Markets at JLL, said: "The latest available site with an area more than 10,000 sq. ft in Conduit Road was in many years ago, and given the shape of this flat site is suitable for building a residential project, this is a rare opportunity for developers to invest in this prime location. Mid-Levels West has traditionally offered the luxury of space, with many well-known luxury developments such as 39 Conduit Road and The Morgan repeatedly breaking the price records in the area. "
Eugene Wong, Director, Capital Markets at JLL, said: "Conduit Road is one of the most prime address in Mid-levels West, and given it’s situated in the famous No. 11 School Net with elite schools within easy reach, including King's College Ob/Assn Primary School, St. Stephen's Girls' Primary School and Sacred Heart Canossian School, the site will be popular among families. We believe that residential properties with redevelopment potential in Mid-Levels West will continue to be highly sought after by developers."
For enquiries regarding this property, please contact Eugene Wong at 9018-3707.
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