Properties at Whampoa Street and Baker Street, Kowloon for Auction under Land (Compulsory Sale for Redevelopment) Ordinance
JLL has been appointed as auctioneer for the public auction.
HONG KONG, 5 September 2019 – JLL has been appointed as auctioneer for the public auction of the buildings at 1, 1A, 3, 5, 7, 7A, 9, 9A, 11, 11A, 11B, 11C, 15, 15A, 17, 17A, 19, 21, 21A, 21B and 21C Whampoa Street, as well as Nos. 80, 82, 84 and 86 Baker Street, 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 11:00am on 17 September 2019 (Tuesday). The reserve price of the properties is HKD 2,137,000,000.
The land lots of the properties are sub-Section 10 of Section A of Hung Hom Marine Lot No.1, Section A of Sub-Section 12 of Section A of Hung Hom Marine Lot No.1, Section B of Sub-Section 12 of Section A of Hung Hom Marine lot No.1, the Remaining Portion of Sub-Section 12 of Section A of Hung Hom Marine Lot No. 1 and Sub-Section 14 of Section A of Hung Hom Marine lot No.1.
The properties, which occupy a total site area of 19,725 sq ft, are expected to provide a total attributable floor area of approximately 177,525 sq ft after being redeveloped.
The purchasers of the properties and the purchasers’ 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 auction will be held at JLL’s 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. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com