The first top-end development in a decade is available for those with a taste for extravagance
Bay Villas, comprising eight prestige houses worth a total of HK$550 million, has emerged as the first new luxury development overlooking Deep Water Bay in Island South to go up for sale in the past decade.
The completed project, at 57-71 Shouson Hill Road, comprises two 5,400-square-foot detached houses and six three-storey townhouses ranging from 4,500 to 5,100 sqft, with a private garden terrace.
FPDSavills has been appointed as the joint sale agent.
Prestige Home division director Keith Chang said developer CITIC Hong Kong had reserved the two detached houses and released the townhouses for sale, aiming to realise about HK$400 million. The whole project could be worth about HK$550 million, he added.
He said the house at 69 Shouson Hill Road had sold for HK$59 million, or about HK$12,800 per square foot. It has a gross floor area of 4,610 sqft, and the efficiency rate is 78 per cent. 'The remaining five townhouses are subject to offer, but the price tag will be more or less close to the sold unit. The show flat on 71 Shouson Hill Road, which is a bit larger and fully furnished, is being targeted at between HK$65 million and HK$66 million.'
He said the traditional supply of prestige houses facing Deep Water Bay was rare and Bay Villas had a niche market, given its spacious layout. Each house has living and dining rooms, a family room, three bedrooms with en-suite, one bedroom with bathroom, a powder room, a fully equipped kitchen, a balcony and garden terrace and a car port with two parking spaces.