Unlock Prime Potential: Your Gateway to Hong Kong's Exclusive Residential Development
Unveiling a Premier Residential Development Opportunity in Sheung Wan
CBRE has been granted the sole mandate for the private sale of a highly sought-after residential redevelopment parcel at 6–8 Ladder Street, Sheung Wan. This exclusive offering is priced at $96 million, presenting a remarkable chance for discerning developers.
Property Specifications and Unique Market Position
The site spans an estimated 2,479 square feet, distinguishing itself as one of the scarce low-density residential plots available within the vibrant Sheung Wan district. Its modest size combined with its prestigious location makes it a rare find in the current market.
Historical Ownership and First-Time Market Release
Having been held by the previous owner since 1976, this property is making its inaugural appearance on the market, offered by the family following the owner's recent passing. This fresh listing adds to its allure and investment appeal.
Zoning, Leasehold, and Development Potential
The land operates under a 999-year lease, a highly desirable tenure. It is officially designated as “Residential (Group C)” under local planning regulations, permitting a maximum plot ratio of 5 and a structural height of up to 12 storeys. These parameters offer substantial scope for innovative residential projects.
Immediate Development Readiness
A key advantage of this acquisition is the vacant status of the site. This allows the new owner to commence planning and redevelopment efforts without delay, contingent upon obtaining all necessary statutory approvals. This accelerates the project timeline and potential return on investment.
Strategic Location and Neighborhood Advantages
Nestled within the Mid-Levels section of Sheung Wan, the property is conveniently situated just one block from Caine Road, offering direct access to Ladder Street. Its position provides a tranquil residential atmosphere, a welcome contrast to the bustling commercial areas nearby.
Proximity to Upscale Residences and Future Consolidation Prospects
The immediate vicinity boasts several luxury residential complexes, enhancing the area's prestige. Furthermore, the presence of single-ownership buildings and adjacent plots in the area could present future opportunities for strategic consolidation and expansive redevelopment initiatives, maximizing long-term value.
Exceptional Educational Catchment Area
The property is advantageously located within the esteemed Central & Western District school network. This includes access to prominent educational institutions such as King’s College, Sacred Heart Canossian College, and St. Paul’s College, making it highly attractive to families seeking top-tier schooling options.