News release

No. 73 and No. 75 Lion Rock Road, Kowloon City for Auction under Land (Compulsory Sale for Redevelopment) Ordinance

October 14, 2020

HONG KONG, 14 October 2020 – JLL has been appointed as auctioneer for the public auction of the buildings at No.73 and No. 75 Lion Rock Road, Kowloon City, 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 11am on November 6, 2020 (Friday). The reserve price of the property is HK$223,372,680.

The five-storey building was built in 1954. It comprises street level shops, a mezzanine floor for non-domestic use and first floor to fourth floor are residential flats, served by two common staircases.

The site is zoned as “Residential (A) 2” under Draft Ma Tau Kok Outline Zoning Plan No. S/K10/25. It has a site area of approximately 2811.99 square feet, or approximately 261.24 square meters.

The property is being sold partly with vacant possession and partly subject to existing lettings and tenancies (if any) and on an “as is” basis.

The successful purchaser of the property and the purchaser’s successors in title will be subject to the conditions specified in Schedule 3 of 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.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit