88 Robinson Road completes sale by public auction

JLL served as the auctioneer for the property.

88 Robinson Road’s property was sold by public auction, as announced by JLL.

The transaction, which was overseen by JLL, was done in accordance with an Order for Sale as made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance. A value of $1.01b was reached.

The residential building is composed of nine storeys, which is supplemented with two lifts and two common staircases. Included in the property is a lower and upper basement, and flats for domestic use located from the ground to the sixth floor.

Currently, the site is zoned as “Residential (Group B)” under Approved Mid-Levels West Outline Zoning Plan No. with a site area of around 10,360 square feet.

"The building offers a rare redevelopment opportunity in one of Hong Kong Island's traditional luxury residential areas. The redevelopment project was desirable to developers as it could provide the greenery view of West End Park and is within the vicinity of The University of Hong Kong and renowned primary and secondary schools,” commented Cynthia Li, Senior Director, of Projects Strategy and Consultancy Department, JLL.