Rare adjoining single lots on the Peak offer landmark luxury residential development potential
Hong Kong, 16 March 2026 – JLL has been appointed by the owner as the lead agent for the sale of two adjacent single-lot redevelopment site at Nos. 86, 88 and 90 Peak Road, by public tender. Located in a traditional luxury residential enclave, the site offers an exceptional opportunity for developing a landmark luxury residential project. The tender will close at 12 noon on Thursday, 7 May 2026.
Occupying a combined site area of approximately 28,620 sq ft, the property comprises two individual lots: RBL 308 (Nos. 86 & 88), covering around 14,200 sq ft, and RBL 9 (No. 90), covering approximately 14,420 sq ft. The site is currently developed with three four-storey detached garden houses and three three-storey houses with a swimming pool. Each unit provides a saleable area of roughly 3,082 to 3,322 sq ft, giving a total approved Gross Floor Area of about 18,902 sq ft.
Nestled on a private road just off Peak Road, the site offers a tranquil environment with open Southern District sea views and exceptional privacy. Despite its serene setting, the location provides excellent connectivity to core business districts, including Central and Admiralty, which are approximately a 10-minute drive away. The area is situated within a prestigious school network, offering a wide selection of reputable local and international institutions. It also benefits from comprehensive lifestyle amenities nearby, including shopping, dining and leisure options such as The Peak Galleria and The Peak Tower.
Under the approved Peak Area Outline Zoning Plan No. S/H14/13, the site is zoned as “Residential (C)2”. The properties are to be sold jointly on “as-is” basis and subject to vacant possession.
Joseph Tsang, Chairman of JLL in Hong Kong, said: “Hong Kong’s luxury residential market has long demonstrated resilience and depth, with premium sites offering redevelopment potential continuing to attract strong interest from investors and developers. The Peak site now being offered for tender occupies one of the city’s most prestigious and traditional luxury addresses, where sizeable plots are exceptionally scarce. With its planning flexibility and strong long-term appreciation prospects, the site represents a rare opportunity for the development of a landmark luxury residence. We expect the tender to attract keen interest and competitive bidding from both investors and developers.”