In another sign of rising interest in Mui Wo real estate, private housing estate Silver Waves Court is on the sale block and predicted to fetch an estimated HK$350 million.
The existing 20-year-old seafront estate is to be rebuilt into 18 two-storey detached houses, each with a separate garden.
Colliers International Real Estate, which is handling the sale, says the owner has approval from the Buildings Dept to redevelop the 31,721 square feet site.
Currently it has 16 separate homes with private gardens and an outdoor pool. It is fully-leased.
Colliers describes it as a “rare, high-end low-density luxury seaview villa development project,” Oriental Daily reports. Deadline for offers is June 16.