FOR VIBRANT LIFESTYLES

THE REACH, YUEN LONG,

Review of Operations – Business in Hong Kong Progress of Major Development Projects

Status of property developments with anticipated completion during the period to the end of 2017

Double Cove, 8 Wu Kai Sha Road, Ma On Shan METRO6, 121 Bulkeley Street, Hung Hom (59% owned) (33.33% owned)

Site area : 1,042,397 square feet Site area : 6,268 square feet Gross floor area : 2,950,614 square feet Gross floor area : 55,557 square feet Residential units : 3,535 Residential units : 95 Expected completion : Third quarter of 2015 (Phase 3) Completion : 26 February 2015 Fourth quarter of 2015 (Phase 4) First quarter of 2016 (Phase 5) Acquired through a government tender in June 2011, the site is developed into a 25-storey commercial-cum-residential building. Designed by the world-renowned Rogers Stirk Harbour + A satisfactory response has been received for its pre-sale since Partners, “Double Cove” was declared “Best Residential July 2014. Development (China)” and “Best Residential Development – Large Scale (Hong Kong)” in the prestigious “China Property Awards 2014”. It was also awarded Gold in the Leisure and The Hemispheres, 3 Gordon Road, North Point Cultural Services Department’s “Best Landscape Award for (100% owned) Private Property Development 2014”. Located on a unique twin- cove peninsula with sweeping views across Tolo Harbour and in Site area : 7,386 square feet close proximity to Wu Kai Sha MTR terminus, this waterfront Gross floor area : 61,603 square feet development is scheduled to be completed in five phases. Phases Residential units : 119 1 and 2 were completed in 2013 and 2014 respectively and already Completion : 12 March 2015 its superior building quality and attentive handover services have been highly appreciated by the residents and owners. Construction “The Hemispheres”, a boutique apartment tower, is adjacent to of the remaining three phases has proceeded to the superstructure both Fortress Hill and Tin Hau MTR stations. With the vibrant stage and they will comprise 13 residential towers containing 1,742 Causeway Bay shopping hub as well as Victoria Park in its units in various configurations to suit homebuyers’ preferences. proximity, this development offers unrivalled convenience to the residents.

Henderson Land Development Company Limited 40 Annual Report 2014 Review of Operations – Business in Hong Kong • Progress of Major Development Projects

High Park, 51 Global Gateway Tower, 63 Wing Hong Street, (100% owned) (100% owned)

Site area : 5,880 square feet Site area : 28,004 square feet Gross floor area : 52,919 square feet Gross floor area : 336,052 square feet Residential units : 59 Expected completion : Second quarter of 2015 Expected completion : First quarter of 2015 The prime location close to Lai Chi Kok MTR station together During the year under review, “High Park” was “Highly with the iconic visionary architecture and round-the-clock facilities Commended” in the Best Residential Development (Hong make this project a new benchmark for premium industrial Kong) Category of the prestigious “Asia Property Awards 2014”. premises in West Kowloon. The building has been topped out and “High Park” is adjacent to Prince Edward MTR station which is interior renovation and E&M installation works are in progress. the interchange of Tsuen Wan Line and Kwun Tong Line. Just steps away are the cross-border coach terminus, flower bazaar and shopping avenue. Superstructure works are in High One Grand, 188 Fuk Wing Street, progress and it will be developed into a 32-storey residential-cum- Cheung Shan Wan (100% owned) commercial tower, overlooking the Police Sports and Recreation Club, as well as the lush greenery nearby. Site area : 7,350 square feet Gross floor area : 62,858 square feet Residential units : 110 Expected completion : Third quarter of 2015 2-12 , Tsim Sha Tsui (50% owned) Situated close to both Cheung Sha Wan and Site area : 13,765 square feet MTR stations, it will be developed into a 31-storey residential- Gross floor area : 82,585 square feet cum-commercial property. Its prime location, coupled with Expected completion : Second quarter of 2015 the Group’s reputation for premium quality, splendid design and high specifications made this a popular development Superstructure works are in progress and this development amongst homebuyers when it went on pre-sale in August 2014. project, which boasts quality office and retail spaces in the Superstructure works are in progress. vibrant Tsim Sha Tsui commercial district, will be held for rental purposes.

Henderson Land Development Company Limited Annual Report 2014 41 Review of Operations – Business in Hong Kong • Progress of Major Development Projects

High One, 571 Fuk Wa Street, Cheung Sha Wan 33 Shing On Street, Sai Wan Ho (100% owned) (100% owned)

Site area : 7,560 square feet Site area : 7,513 square feet Gross floor area : 63,788 square feet Gross floor area : 79,771 square feet Residential units : 187 Residential units : 234 Expected completion : Fourth quarter of 2015 Expected completion : Fourth quarter of 2016

Adjacent to both Cheung Sha Wan and Lai Chi Kok MTR Adjacent to Sai Wan Ho MTR station, it will be developed into stations, “High One” offers an array of amenities (such as a sports a quality residential-cum-commercial property and superstructure centre and sports ground) within walking distance to meet the works are in progress. needs of the urban dwellers. It will be developed into a quality 27-storey residential-cum-commercial property. Superstructure works have been progressing well and it was launched for pre-sale H•Bonaire, 68 Main Street, Ap Lei Chau in November 2014. (100% owned)

Site area : 7,953 square feet Gross floor area : 65,763 square feet 200 Ma Tau Wai Road, To Kwa Wan Residential units : 106 (100% owned) Expected completion : First quarter of 2017 Site area : 4,905 square feet Gross floor area : 41,222 square feet H•Bonaire, a high-rise apartment tower above a 3-storey retail Residential units : 120 and clubhouse podium, offers sweeping views of Aberdeen Expected completion : Fourth quarter of 2016 Harbour to its residents. Adjacent to MTR Lei Tung Station now under construction, it is well situated for convenient access to all Adjacent to Ma Tau Wai MTR station of The Shatin to Central districts of Hong Kong. Superstructure work is now underway Link, which is now under construction, it will be developed into and it was already put up for pre-sale in December 2014. a residential-cum-commercial property and superstructure works are in progress.

Henderson Land Development Company Limited 42 Annual Report 2014 Review of Operations – Business in Hong Kong • Progress of Major Development Projects

50-56 and 58-64 Ma Tau Kok Road and 162-168 Jones Hive, 8 Jones Street, Causeway Bay Pau Chung Street, To Kwa Wan (100% owned) (79.762% owned)

Site area : 11,400 square feet Site area : 6,529 square feet Gross floor area : 102,474 square feet Gross floor area : 65,267 square feet Residential units : 300 Residential units : 119 Expected completion : Second quarter of 2017 Expected completion : Third quarter of 2017

Adjacent to the To Kwa Wan MTR station of The Shatin to Central Located in Tai Hang, which houses an array of distinctive Link, which is now under construction, this site will be built into dining outlets with Causeway Bay shopping hub and Victoria a commercial-cum-residential development. According to the Park within walking distance, “Jones Hive” offers unrivalled Government’s Kai Tak Development Plan, an array of amenities living convenience to its residents. Superstructure work for this including a multi-purpose sports complex and a metro park will be 37-storey residential tower is in progress. Pre-sale was launched in close proximity. Its foundation work is in progress. in January 2015.

11-33 Li Tak Street, Tai Kok Tsui (100% owned)

Site area : 19,600 square feet Gross floor area : 176,400 square feet Residential units : 448 Expected completion : Second quarter of 2017

This commercial-cum-residential development is located in close proximity to the Olympic MTR station, surrounded by various community facilities and shopping arcades. The site is under superstructure stage.

Henderson Land Development Company Limited Annual Report 2014 43 Review of Operations – Business in Hong Kong Location of Various Categories of Development Projects

Unsold Units from the Newly-acquired Urban Major Development Projects Redevelopment Projects – Offered for Sale with Over 80% Ownership Secured 1 Double Cove 11 The Beverly Hills 48 85-95 Shek Pai Wan Road, Aberdeen (Phases 1-3) (Phases 1-3) 49 4-6 Tin Wan Street, Aberdeen 2 The Reach 12 Hill Paramount 50 12-18 Tin Wan Street, Aberdeen 3 Green Code 13 Green Lodge 51 9-13 Sun Chun Street, Tai Hang 4 High Park 14 METRO6 52 4A-4P Seymour Road, Mid-Levels 5 High Point 15 High One Grand 53 73-73E Caine Road, Mid-Levels 6 High Place 16 High One 54 13-15 Wood Road, Wanchai 7 The Hemispheres 17 H•Bonaire 55 2 Tai Cheong Street, Sai Wan Ho 8 The Gloucester 18 E-Trade Plaza 56 57-69 Ma Tau Wai Road, 2-20 Bailey Street and 9 High West 19 Global Trade Square 18A-30 Sung Chi Street, To Kwa Wan 10 39 Conduit Road 20 Global Gateway Tower 57 2A-2F Tak Shing Street, Jordan 58 456-466 North and 50-56 Wong Chuk Street, Sham Shui Po 59 1-19 Nam Cheong Street, Sham Shui Po 60 79-83 Fuk Lo Tsun Road, Kowloon City Tuen Mun Projects Pending Sale in 2015 61 35-47 Li Tak Street, 21 Jones Hive 2-16 Kok Cheung Street and 22 200 Ma Tau Wai Road, To Kwa Wan 32-44 Fuk Chak Street, Tai Kok Tsui 23 High Park Grand 62 21-27 Berwick Street and 24 33 Shing On Street, Sai Wan Ho 202-220 Nam Cheong Street, Shek Kip Mei 25 Double Cove (Phase 4) 63 3-8 Yiu Tung Street, Shek Kip Mei 26 Double Cove (Phase 5) 64 10-16 Gillies Avenue South, Hung Hom 27 50-56 and 58-64 Ma Tau Kok Road and 65 26-28 Gillies Avenue South and 162-168 Pau Chung Street, To Kwa Wan 76-78 Baker Street, Hung Hom 28 11-33 Li Tak Street, Tai Kok Tsui 66 15-21C Whampoa Street and 29 23 Robinson Road, Mid-Levels 80-86 Baker Street, Hung Hom 67 6-16A Whampoa Street, Hung Hom 68 30-36 Gillies Avenue South and 75-77 Baker Street, Hung Hom 69 42-44 Gillies Avenue South, Hung Hom Existing Urban 70 23-25 Whampoa Street and Redevelopment Projects 79-81 Baker Street, Hung Hom Airport 71 31-33 Whampoa Street, Hung Hom 30 Big Star Centre 72 30-36A Whampoa Street, Hung Hom 31 45-47 Pottinger Street and Ezra’s Lane, Central 73 39-41 Whampoa Street and 32 29 Lugard Road, The Peak 12A-12B Bulkeley Street, Hung Hom 33 14-30 King Wah Road, North Point 74 46-50 Gillies Avenue South, Hung Hom 34 Yau Tong Bay Tung Chung

Lantau Island Newly-acquired Urban Redevelopment Projects – Ownership Fully Consolidated 35 208-212 Johnston Road, Wanchai 41 2-12 Observatory Road, Tsim Sha Tsui 36 307-329 Des Voeux Road West, Western District 42 38-40A Hillwood Road, Tsim Sha Tsui 37 450-456G Queen’s Road West, Western District 43 1-15 Berwick Street, Shek Kip Mei 38 852-858 King’s Road and 44 342-348 Un Chau Street, Cheung Sha Wan 21-39 Mansion Street, Quarry Bay 45 352-354 Un Chau Street, Cheung Sha Wan 39 25-29 Kok Cheung Street, Tai Kok Tsui 46 11-19 Wing Lung Street, Cheung Sha Wan 40 8-30A Ka Shin Street, Tai Kok Tsui 47 7-7G Victory Avenue, Homantin

Henderson Land Development Company Limited 44 Annual Report 2014 Sheung Shui

Lok Ma Chau Fanling 3

13 Tai Po 11

2 Yuen Long

26 New Territories 1 25 Sai Kung

Ma On Shan

Tsuen Wan Shatin 12

16 45 46 63 20 Tsing 44 15 62 58 43 59 Yi 5 4 23 61 60 40 30 39 28 47 6 Kowloon 57 22 64 66 56 14 65 42 27 67 68 70 71 34 41 69 73 74 72 Tseung Kwan O

7 36 52 10 38 9 8 54 35 21 33 24 51 37 31 29 Quarry Bay 55 53 32 18 Hong Kong Island 19 48 49 50 17

Existing Line Network Extensions In Progress MTR Guangzhou – Shenzhen – Hong Kong Express Rail Link Tung Chung Cable Car Shatin to Central Link Light Rail Kwun Tong Line Extension Route 3 South Island Line (East) Cross Harbour Tunnel

Henderson Land Development Company Limited Annual Report 2014 45