Story perspectives

Excellent Group Consortium Lists 77–87 Marble Road for HK$1.2B

8/19/2026

Summary

Story summary

The Hong Kong consortium led by Excellent Group has listed the 77-87 Marble Road site for HK$1.2 billion (US$153 million).
The 7,680 sq ft, 61-year-old property could become residential, commercial, hotel or student housing.
The consortium spent over HK$800 million acquiring units and won the site at a HK$600 million reserve price in July 2025.
Market sources say the HK$1.2 billion price only covers the consortium’s cost, highlighting financing challenges for private developers in Hong Kong.

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Story summary

The Hong Kong consortium led by Excellent Group has listed the 77-87 Marble Road site for HK$1.2 billion (US$153 million).
The 7,680 sq ft, 61-year-old property could become residential, commercial, hotel or student housing.
The consortium spent over HK$800 million acquiring units and won the site at a HK$600 million reserve price in July 2025.
Market sources say the HK$1.2 billion price only covers the consortium’s cost, highlighting financing challenges for private developers in Hong Kong.