Kim Hing Mansions, Kowloon for Public Auction under Land (Compulsory Sale for Redevelopment) Ordinance
The public auction will be held at 11am on Monday, 4 May 2020
HONG KONG, 14 April, 2020 – JLL has been appointed as auctioneer for the public auction of Kim Hing Mansions at Nos. 49, 49A and 51 Kimberley Road, Kowloon pursuant to an Order for Sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance. The public auction will be held at 11 am on Monday, 4 May 2020, with a reserve price of HK$652,500,000.
The Property comprises a nine-storey commercial / residential composite building which was completed in 1964.
In total, the Property occupies an area of about 7,200 square feet or 668.9 sq m.
The site is zoned as “commercial”, and the Property is to be sold partly with vacant possession and partly subject to existing lettings and tenancies (if any) and on an “as is” basis.
The purchaser of the Property and the purchaser’s successors in title will be subject to the conditions specified in Schedule 3 to the Land (Compulsory Sale for Redevelopment) Ordinance and the conditions specified in the Order for Sale and any subsequent directions made by the Lands Tribunal (if any).
The public auction will be held at JLL office, 7/F One Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong.
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