Savills – An International real estate firm has been appointed as the sole lead agent for the sale of first-hand units in Altamira, 18 Po Shan Road (“Property”). Starting from 5 June 2023 (Monday), the Property will launch 5 units for sale by public tender, including low-level units 7A and 7B, as well as mid-to- high level units 15A, 15B, and 17B, to cater the needs of different buyers. The Property consists of four bedrooms (three en-suites) in each unit, with exceptional interior craftsmanship. The saleable area of the units ranges from approximately 2,028 to 2,206 square feet1. The Vendor has also renovated a brand-new show flat, and tailor- made some of the most popular flexible payment plans specific for the launch of the new units2. Visitors are welcome to make a viewing reservation.

The Property is located on the apex of the Mid-Levels West, which enables the units to enjoy stunning sea views of Victoria Harbour and the verdant greenery of Victoria Peak. It only takes a 10-minute drive3 to get to the Central CBD and SOHO, and it is within walking distance to get to the campus of the University of Hong Kong. There are also nearby hiking trails to famous peaks such as Lung Fu Shan and High West, offering beautiful sceneries and panoramic views of Victoria Harbour along the way4.

The launch offers prospective purchasers three new payment plans2. First, a brand new 120-day short completion payment plan with cash rebate, which offers a total cash rebate of up to 7.5% for early settlements within 60 days. In addition, a 360-day early possession payment plan and a 39-month rent-to-buy payment plan are offered to prospective purchasers. The former allows the purchaser to move in early at any time after 20% of the property price has been paid. The latter provides an option to purchase after the 3rd year of the lease, but within the last 3 months prior to the expiration of the lease, offering great flexibility for permanent resident applicants in Hong Kong2. The prime address and style of the Property make it an excellent choice for both end-users and investors.

Mr. Thomas See, Senior Associate Director, Investment CEO Office of Savills commented, "the supply of first-hand residential properties in Mid-Levels West have always been scarce. To cater to the demand of the first-hand residential property market in the area, the vendor has decided to relaunch a limited number of sea view units for sale. Since the completion of the Property in 2016, there has always been limited availability of units offered for sale, and only 13 units have been sold. Various tailor-made payment plans are available to meet the needs of different buyers, and newly renovated show flats are available for viewing. In terms of price or quality, these properties are truly excellent choices in Mid-Levels West."

Savills real estate has been appointed as the sole lead agent for the sale of first-hand units in Altamira, 18 Po Shan Road Mid levels Hong Kong.