Elegant Terrace · Mid-Levels West — Nam Fung’s 36 Conduit Road 999-Year Perpetual Lease Prestige Estate: 3–4 Bedroom Spacious Layouts with Pool and Pet Zone, Steps from the Mid-Levels Escalator
Developed by Nam Fung Development, Elegant Terrace at 36 Conduit Road, Mid-Levels West, was completed in November–December 1990 — two towers (34 storeys each, excluding basement and floors 1–5), 198 units total, among Mid-Levels West’s most distinguished traditional prestige residences. Exceptionally rare: the 999-year land lease (from 25 June 1861) — effectively a perpetual leasehold, an extraordinary rarity in Hong Kong — and a dedicated Pet Zone, a rare amenity in Mid-Levels West. Saleable areas from ~1,026 to 2,137 sq ft in 3- to 4-bedroom (with en-suite) layouts, 73% practicality rate; upper-floor units enjoy city and Victoria Harbour views. Current asking prices HK$15.5M–$71M, HK$16,553–$39,032 psf; rentals HK$43,000–$180,000/month, ~HK$58 psf; average transaction price (past 30 days): HK$17,568 psf. November 2024: Block 1 top-floor duplex with rooftop (2,137 sq ft) sold at HK$55M (HK$25,737 psf), up 133% since 2006 over 18 years. Facilities include pool, sports area, and pet zone; nearby bus routes 12, 12M, 23; adjacent to Mid-Levels Escalator; zoned within Primary School Net 11 and Central & Western district — the definitive address for those seeking Conduit Road’s premier location, perpetual lease, spacious layouts, and outstanding amenities.