《港楼》九龙塘歌和老街 12 号康和小筑获清盘人委托招标 市场估值 3.6 亿元

CBRE has been appointed as the exclusive agent by the liquidator to publicly tender the sale of 12 Ko Ho Street, Kowloon Tong, with the deadline for submissions set for 12:00 PM on January 29, 2026 (Thursday). The property will be sold in its current state, with some leases and some vacant.

12 Ko Ho Street is located at the intersection of Gunde Road and Ko Ho Street, situated on a hillside of Gunde Road, surrounded by large single-sided residential land, offering a commanding view of Kowloon Tong and a distant view of the Tsim Sha Tsui fireworks display. The property is just a two-minute walk from Kowloon Tong MTR Station.

The property has a site area of 15,541 square feet and currently consists of a 4-story residential building built in 1966, providing 6 residential units and a garage, with an existing floor area of approximately 17,913 square feet. The property features a large garden and two large cedar trees in front. The current site is classified as "Residential (Class C) 5" land, and according to the Town Planning Board restrictions, the redevelopment plot ratio can reach 2.1 times, indicating redevelopment potential.

Mr. Paul Choi, Senior Director of the Hong Kong Capital Markets Department, stated that 12 Ko Ho Street is located in a low-density luxury residential area of Kowloon Tong, on a hillside of Gunde Road, providing a tranquil environment. According to the land lease restrictions, a three-story villa project can be built within a height limit of 35 feet. Unlike other independent houses in Kowloon Tong, 12 Ko Ho Street is not affected by the land lease restrictions of Kowloon Tong City Garden, making redevelopment more flexible.

He noted that in recent years, several independent land transactions have been recorded in the Kowloon Tong area, including the successful sale of the independent house at 15 Gunde Road for approximately HKD 186.8 million in July 2025, with an existing area of 5,861 square feet and a price per square foot of HKD 31,871. Based on the current market valuation of the property at HKD 360 million, the redevelopment land price would only need to be around HKD 10,000, which is significantly more competitive compared to other independent land transactions in Kowloon Tong this year. This property is being offered for sale for the first time in half a century. (da/)