Property of late Chinese philanthropist Yu Pengnian in Kowloon Tong calls for $1.2 billion

Properties on 3-7 Kent Road in Kowloon Tong, owned by late Chinese magnate and philanthropist Yu Pengnian, have been put for sale at HK$1.2 billion, or HK$43,600 per square foot. 

The site spans a total 45,865 sq ft, allowing for a maximum of three stories and a buildable floor area of ​​27,519 sq ft upon redevelopment.

3 Kent Road features an underground car park and swimming pool, and comprises three two-story residential buildings with a total of 10 units. The building ceilings are 3.15 meters in height.

5-7 Kent Road currently consists of a two-story pre-war building and a two-story residential building, with a site area of 30,967 square feet, and a total gross floor area of 12,574 square feet.

This comes as the market remains active for ultra-luxury residential properties.

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