REVIEW OF OPERATIONS

Development Projects Completed

The following development projects were completed during the financial year:

Group’s Interest Site Gross Gross Area Floor Area Floor Area Location (sq.ft.) (sq.ft.) Purpose (%) (sq.ft.)

HONG KONG

1 8 228,896 1,195,817 Commercial/ 20.00 239,163 Waterfront Road, Residential Tung Chung (Tung Chung Town Lot No. 3) (Seaview Crescent)

2 99 Tai Tong Road (Note 1) 467,738 Residential 44.00 205,805 Yuen Long (Sereno Verde – Phase 1)

3 99 Tai Tong Road (Note 1) 140,897 Residential 44.00 61,995 Yuen Long (Sereno Verde – Phase 2 Blocks 9 & 10)

4 9 Durham Road 10,981 19,765 Residential 100.00 19,765 (9 Durham Road)

Seaview Crescent, 5 28 Mercury Street 5,128 48,939 Commercial/ 36.38 17,804 Tung Chung (Supernova Stand) Residential

6 108 Castle Peak Road 2,129 16,142 Commercial/ 100.00 16,142 (Wealth House) Residential

7 50 Castle Peak Road, 8,216 76,426 Commercial/ 15.20 11,617 Yuen Long Residential (Opulence Height)

8 19 Cheong Lok Street 4,583 45,444 Commercial/ 16.67 7,576 (Excellent Court) Serviced Forming as a part of the Tung Apartment Chung Station Development (Package One), this 20%- owned project provides 4 579,867 residential towers and associated facilities totalling approx. 1,196,000 sq.ft. in G.F.A. It was completed in Note 1: The site area for the whole of Sereno Verde is 380,335 sq.ft. early 2002.

18 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Development Projects Completed (cont’d)

Group’s Interest Site Gross Gross Area Floor Area Floor Area Location (sq.ft.) (sq.ft.) Purpose (%) (sq.ft.)

THE PEOPLE’S REPUBLIC OF CHINA

Phase IX of Lexi New City 1 Phase VIII of 1,689,145 2,576,058 Retail/ 16.36 421,443 (Green Island House) Lexi New City, Residential/ Shajiao Island, Panyu Shajiao Island, Carparks/ Panyu, Guangdong Club (Fanghua Garden - Luotao South Zone Villa)

2 Phase IX of 1,805,718 682,621 Residential/ 16.36 111,677 Lexi New City, Club Total G.F.A.: Shajiao Island, approx. 683,000 sq.ft.; 16.36% owned by Group. Panyu, Guangdong This project was completed (Green Island House) in February 2002.

533,120

2002 ANNUAL REPORT 19 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Projects under Sale & Pre-Sale

The Group has commenced pre-sale or sale of the following development projects which are under construction or have been completed:

Completion Gross Date or Site Floor Group’s Expected Area Area Interest Development Completion Location (sq.ft.) (sq.ft.) Purpose (%) Progress Date

HONG KONG

1 8 Hung Lai Road 162,246 1,478,552 Residential 50.00 Completed December (Royal Peninsula) 2000

2 1-98 King’s Park 168,392 241,113 Residential 62.04 Completed January Hill Road 2000 (King’s Park Hill)

3 108 Castle Peak Road 2,129 16,142 Commercial/ 100.00 Completed February (Wealth House) Residential 2002

4 28 Lo Fai Road, 283,200 226,561 Residential 100.00 Completed March Tai Po 1999 (Casa Marina I)

Park Central Phases 1 & 2, 5 1 Lo Ping Road, 228,154 182,545 Residential 100.00 Completed May Tseung Kwan O Tai Po 2000 (Casa Marina II)

6 Tung Chung Town Lot No. 1 (Note 1) 863,156 Commercial/ 20.00 Completed August (Tung Chung Crescent – Residential 1999 Blocks 7 to 9)

7 28 Mercury Street 5,128 48,939 Residential 36.38 Completed August This 24.63%-owned project (Supernova Stand) 2001 of the Group is being developed into 11 residential tower blocks Note 1: The site area for the whole of Tung Chung Crescent is 331,537 sq.ft. totalling G.F.A. of approx. 2,960,000 sq.ft. Phase 1 was completed in August 2002. Superstructure construction work of Phase 2 is in progress and the development is expected to be completed in early 2003.

20 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Projects under Sale & Pre-Sale (cont’d)

Completion Gross Date or Site Floor Group’s Expected Area Area Interest Development Completion Location (sq.ft.) (sq.ft.) Purpose (%) Progress Date

8 99 Tai Tong Road (Note 2) 467,738 Residential 44.00 Completed September Sereno Verde, Yuen Long Yuen Long 2001 (Sereno Verde – Phase 1)

9 99 Tai Tong Road (Note 2) 140,897 Residential 44.00 Completed June Yuen Long 2002 (Sereno Verde – Phase 2 This 44%-owned project is Blocks 9 & 10) being developed in four phases into 16 residential tower blocks with a total 10 99 Tai Tong Road (Note 2) 150,829 Residential 44.00 Superstructure December G.F.A. approx. 1,140,000 Yuen Long in progress 2002 sq.ft. Phase I was completed in late 2001. (Sereno Verde The whole development – Phase 2 project is expected to be Blocks 13 & 15) completed by early 2003.

11 8 Tung Chung (Note 3) 898,170 Commercial/ 20.00 Completed March Waterfront Road, Residential 2002 Tung Chung (Tung Chung Town Lot No. 3) (Seaview Crescent – Blocks 1 to 3)

12 933 King’s Road 16,744 138,373 Commercial/ 100.00 Completed August (Royal Terrace) Residential 2002

13 Tseung Kwan O (Note 4) 1,492,028 Commercial/ 24.63 Completed August Town Lot Nos. 57 and 66 Residential (Note 5) 2002 ( – Phase 1)

14 Tseung Kwan O (Note 4) 1,469,557 Commercial/ 24.63 Superstructure January Town Lot Nos. 57 and 66 Residential (Note 5) in progress 2003 (Park Central – Phase 2)

Note 2: The site area for the whole of Sereno Verde is 380,335 sq.ft. Note 3: The site area for the whole of Seaview Crescent is 228,896 sq.ft. Note 4: The total site area for Phases 1 and 2 is 359,883 sq.ft. Note 5: The combined percentage interest of the two lots

2002 ANNUAL REPORT 21 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Projects under Sale & Pre-Sale (cont’d)

Completion Gross Date or Site Floor Group’s Expected Area Area Interest Development Completion Location (sq.ft.) (sq.ft.) Purpose (%) Progress Date

15 198 Yee Kuk Street 5,218 39,113 Residential 100.00 Completed September (City Regalia) 2002

16 2 Kwun Tsing Road, 456,964 1,249,560 Commercial/ 25.00 Completed September So Kwun Wat, Residential 2002 Castle Peak Road (Tuen Mun Town Lot No. 374) (Aegean Coast)

17 8 Fuk Lee Street (Note 6) 878,703 Residential 72.76 Superstructure December (Kowloon Inland in progress 2002 Lot No. 11127 R.P.) ( – Phase 1) Aegean Coast, Tuen Mun

18 8 Fuk Lee Street (Note 6) 835,699 Residential 72.76 Superstructure August (Kowloon Inland Lot in progress 2003 No. 11127 R.P.) (Metro Harbour View – Phase 2)

Note 6: The site area for the whole of Metro Harbour View is 228,601 sq.ft.

25% owned by the Group, this development comprises seven 29-storey residential towers, a 2-storey commercial complex consisting of shops and kindergarten over two basement levels of carparks. Providing a total G.F.A. of approx. 1,250,000 sq.ft. and 1,038 carparking spaces, this development was completed in September 2002.

22 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Projects under Sale & Pre-Sale (cont’d)

Completion Gross Date or Site Floor Group’s Expected Area Area Interest Development Completion Location (sq.ft.) (sq.ft.) Purpose (%) Progress Date

THE PEOPLE’S REPUBLIC OF CHINA

Heng Bao Garden, 1 Lot HR-2 256,549 1,227,527 Residential 65.45 Completed June Li Wan District, Guangzhou Li Wan District 2001 Guangzhou (Metro Line One – Changshou Road Station) (Heng Bao Garden)

2 Phase VIII of 1,689,145 2,576,058 Retail/ 16.36 Completed December Lexi New City, Residential/ 2001 Shajiao Island, Carparks/ Panyu, Guangdong Club (Fanghua Garden – Luotao South Zone Villa)

3 Phase IX of 1,805,718 682,621 Residential/ 16.36 Completed February Total G.F.A.: 2,245,000 sq.ft.: 65.45% owned by Lexi New City, Club 2002 Group. Shajiao Island, Situates right above the Panyu, Guangdong Changshou Road Station along Guangzhou Metro (Green Island House) Line One, this large-scale development project consists of 7 residential towers built on a five-level shopping podium with carparking facilities. It was completed in June 2001, and the residential portion is over 85% sold by now.

2002 ANNUAL REPORT 23 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Progress of Major Development Projects Two IFC, Central

Hong Kong

1 96-116 Hollywood Road/1-27 Bridges 5 Airport Railway Hong Kong Station Street/15 Shing Wong Street Development (Group’s interest – 36.51%) (Group’s interest – 100.00%) This is a major commercial development The site is planned to be developed into of approximately 4,477,000 sq.ft. and is two residential towers with a total gross located above the Airport Railway Hong floor area of approximately 277,000 Kong Station in the heart of the Central sq.ft.. Foundation work is in progress and Business District. The development the development is expected to be consists of two office towers, a 3 to 4 completed in early 2005. storey retail and entertainment complex, a 1,000 room six star and suite hotel

2 933 King’s Road complex and approximately 140,000 (Group’s interest – 100.00%) sq.ft. of open space. The site has been developed into a 31- The development is being implemented storey residential tower over a level of in two phases. The Southern Site shops and a 3-storey carpark, with a total Development consists of the 38-storey gross floor area of approximately 138,000 One International Finance Centre office sq.ft. and 66 carparking spaces. The tower of approximately 780,000 sq.ft. of development was completed in August Grade A office space and the IFC Mall 2002. 36.51% owned by the Group, consisting of approximately 131,000 this MTRC-Hong Kong sq.ft. of retail space. This first phase of the Station Development project is in its second phase of 3 14-16 Shipyard Lane development was completed in late 1998. development which (Group’s interest – 75.00%) The second phase, or Northern Site comprises an 88-storey office tower providing approx. The site is planned for a residential Development, includes the 88-storey 2,000,000 sq.ft. of Grade A office space (as shown in the development over a level of shops and a office tower accommodating above photo) and a retail 3-storey carpark, with a total gross floor approximately 2,000,000 sq.ft. of Grade A shopping mall of approx. 510,000 sq.ft. in G.F.A. terms. area of approximately 85,000 sq.ft. and office space which will become a major This phase is scheduled to be 37 carparking spaces. Foundation work landmark building on the new central completed in 2003. has been completed and the waterfront and will be the third tallest development is expected to be building in the world on completion. The completed in late 2003. tower has been designed by world renowned architect Cesar Pelli & 4 19-21 Wong Chuk Hang Road Associates Inc in association with Rocco (Group’s interest – 50.00%) Design Limited. The office tower The site is planned to be developed into including the 14 floors to be purchased by business usage. The development will Government for use by the Hong Kong have a total gross floor area of Monetary Authority will be ready for approximately 214,000 sq.ft.. occupation in mid 2003. The second phase of the retail complex in the Northern Site will be completed and opened in the second half of 2003 and will result in a total retail gross floor area of approximately 640,000 sq.ft.

24 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Progress of Major Development Projects (cont’d)

The hotel complex consists of a 31-storey 8 223 Wai Yip Street 6 star hotel tower and a 40-storey suite (Group’s interest – 100.00%) hotel tower and will be operated by Four 231 Wai Yip Street Seasons Hotels & Resorts. Spectacular (Group’s interest – 100.00%) harbour and city views can be enjoyed 39 King Yip Street from all rooms. The hotel complex is (Group’s interest – 100.00%) scheduled for completion in 2004. The site is planned to be developed together with 227 and 229 Wai Yip Street The development will also provide 1,341 into two 19-storey and one 18-storey carparking spaces in the basement. The office towers, to be built over a 2-level Airport Railway Station and associated podium comprising commercial and 450 carparking spaces are also provided office space and 2 basement carparking in the basement. The Airport Railway levels. The whole development will Station carparking spaces were opened in provide a total gross floor area of July 2002. The remaining carparking approximately 1,091,000 sq.ft. and 445 spaces will be opened with the office and carparking spaces and the Group’s retail development in the second half of attributable gross floor area is 2003. approximately 966,000 sq.ft..

6 Sai Wan Ho Ferry Concourse, Inland Lot 9 88 & 92 King Lam Street/59 & 61 Wing No.8955 (Group’s interest – 63.38%) Hong Street (Group’s interest – 100.00%) The site is planned to be developed into The site is planned to be developed into a five residential towers with a total gross 25-storey industrial/office building over a floor area of approximately 1,410,000 4-level podium which consists of one level sq.ft.. The development will also provide of ground floor shops and 3 carparking 500 private carparking spaces Sai Wan Ho Development levels, and a level of basement shops. The approximately, as well as 200 public development will have a total gross floor carparking spaces. Superstructure area of approximately 298,000 sq.ft. and construction work is in progress and the 121 carparking spaces. development is expected to be

completed in 2005. 10 165-167 Wai Yip Street/66 How Ming Street (Group’s interest – 100.00%) Kowloon Being 63.38%-owned by A 21-storey office building over a 4-level the Group, this project site podium which includes one level of shops is jointly developed by the 7 1 Tai Yau Street Group and Hong Kong & and 3 carparking levels will be built. The China Gas. It will be (Group’s interest – 70.00%) developed into 5 development will have a total gross floor The site is planned to be developed into residential towers with a area of approximately 230,000 sq.ft. and total G.F.A. of approx. an 18-storey commercial building over a 1,410,000 sq.ft. 96 carparking spaces. Superstructure 4-level podium which consists of one level construction work is in of ground floor shops and 4 carparking progress and the development is expected levels. The development will have a total to be completed in 2005. gross floor area of approximately 189,000 sq.ft. and 80 carparking spaces. Foundation work has been completed.

2002 ANNUAL REPORT 25 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Progress of Major Development Projects (cont’d)

11 3 Kwong Wa Street 14 Tseung Kwan O Town Lot No. 74 (Group’s interest – 100.00%) (Tseung Kwan O Station Development) The site is planned to be developed into a (Group’s interest – 25.00%) 34-storey residential tower over a The site is planned to be developed into a podium consisting of 4 levels of shops and high-rise residential tower over a 4- 4 carparking levels. The development will storey commercial podium with a total have a total gross floor area of gross floor area of approximately 320,000 approximately 160,000 sq.ft. and 72 sq.ft.. Foundation work is in progress and carparking spaces. The development is the development is expected to be Yau Tong Bay Marine Lots planned to be completed in mid 2003. completed before 2005. & Associated Areas

12 Yau Tong Bay Marine Lots and Associated 15 Tseung Kwan O Town Lot No. 66 Areas (Group’s interest – 19.01%) (Group’s interest – 25.00%) The environmental impact assessments of The site is planned to be developed into a both the reclamation and the proposed high-rise residential tower over a 4- development were approved by the storey commercial podium, with a total Director of Environment Protection gross floor area of approximately 296,000 Department in April 2002. The new Cha sq.ft.. Phase 1 was completed in August

Kwo Ling, Yau Tong, Lei Yue Mun Outline 2002. Superstructure construction work A major residential-cum- commercial joint venture Zoning Plan incorporating the extension of Phase 2 is in progress and the development in this of the Comprehensive Development Area development is expected to be Comprehensive Development Area will be (“CDA”) boundary and increase in completed in early 2003. participated by the Group. development intensity was gazetted by The site is 19.01% owned by the Group and is planned to the Town Planning Board in June 2002. 16 Tuen Mun Town Lot No. 374 develop 38 residential The entire CDA site is planned for the (Group’s interest – 25.00%) towers with a total G.F.A. of 9,700,000 sq.ft. development of 38 residential towers Seven 29-storey residential towers and a with a total gross floor area of 9.7 million 2-storey commercial complex consisting sq.ft., of which 1.72 million sq.ft. is of shops and kindergarten over a 2-storey attributable to the Group. carparking basement, with a total gross floor area of approximately 1,250,000 New Territories sq.ft. and 1,038 carparking spaces, will be built. The development was completed in 13 Tseung Kwan O Town Lot No. 57 September 2002. (Group’s interest – 24.59%) The site is planned to be developed into 17 Tai Po Town Lot No. 161 ten high-rise residential towers over a 4- (Group’s interest – 90.10%) storey commercial podium and The site is planned to be developed by carparking basement, with a total gross phases into 549 luxurious houses with a floor area of approximately 2,666,000 total gross floor area of 1,164,000 sq.ft. sq.ft.. Phase 1 was completed in August and 999 carparking spaces. The first two 2002. Superstructure construction work phases comprising 372 house have a total of Phase 2 is in progress and the gross floor area of approximately 724,000 development is expected to be sq.ft.. The first two phases were completed in early 2003. 26 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Progress of Major Development Projects (cont’d)

completed in July 2002. Phase III is 20 99 Tai Tong Road, Yuen Long planned to be developed into residential (Yuen Long Town Lot No. 500) units with a total gross floor area of (Group’s interest – 44.00%) approximately 440,000 sq.ft.. This site is divided in 4 phases. Phase I comprises seven 13-storey residential 18 Tung Chung Town Lot No. 1, No. 2 & No. 3 towers with a total gross floor area of (Tung Chung Station Development - approximately 468,000 sq.ft. over a Package One) (Group’s interest – 20.00%) carparking floor with 245 carparking This development is located at the new spaces. Phase I was completed in late Tung Chung Mass Transit Railway (MTR) 2001. Phase II comprises five 14-storey Station and forms the town centre of residential towers, with a total gross Tung Chung. The development comprises floor area of approximately 370,000 sq.ft. 12 residential towers, a hotel, an office and 76 carparking spaces. Two residential and a retail complex. The overall gross towers of Phase II were completed in mid floor area of the development is 2002. Superstructure construction work approximately 3,885,000 sq.ft. including for the remaining three residential additional residential floor area of towers of Phase II is in progress and these around 157,000 sq.ft. purchased from towers are expected to be completed in Government in 2001 for Tung Chung late 2002. Phase III comprises two 14- Town Lot No.3 which is located on the storey residential towers, with a total waterfront. The completed development gross floor area of approximately 170,000 will provide 2,036 carparking spaces. The sq.ft. and 36 carparking spaces. Phase IV 8 residential towers in Lot No.1 and the comprises two 14-storey residential retail complex and the office tower in Lot towers, with a total gross floor area of No.2 have been completed. The 4 approximately 132,000 sq.ft. and 26 residential towers and associated carparking spaces. Superstructure facilities in Lot No.3 with approximately construction work for Phases III and IV is 1,196,000 sq.ft. have also been in progress. Phases III and IV of the completed. The hotel in Lot No.2 is development are expected to be scheduled for completion in 2005. completed in early 2003.

19 Fanling Sheung Shui Town Lot No. 189 (Group’s interest – 45.00%) The site is planned to be developed into two 38-storey residential towers over two levels of carpark podium. The development will have a total gross floor area of approximately 320,000 sq.ft. and 308 carparking spaces.

28 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Progress of Major Development Projects (cont’d)

The People’s Republic of China

1 No. 2 Guan Dong Dian, Chao Yang Road, development will be delayed. The new Chao Yang District, Beijing development plan is now under the (Group’s interest – 45.82%) consideration with the current market. Located within the Third Ring Road East and off Chao Yang Men, the site has an 4 Lot 201, Lao Hu Tai Road, Zhabei District, area of approximately 239,357 sq.ft.. The Shanghai (Group’s interest – 49.09%) revised design proposes the development The site has an area of approximately of two 23-storey office towers. The 279,089 sq.ft. and is planned to be estimated total gross floor area of the developed into a commercial and proposed development is 2,687,727 sq.ft. residential complex for domestic sales. (including 627,713 sq.ft. of area below The proposed development has an ground level). Construction work of the estimated total gross floor area of development is expected to commence in approximately 976,811 sq.ft. and is early 2003. planned to be completed in phases. The commencement of development will be 2 The Grand Gateway, Lot E, Huashan delayed. Road, Xuhui District, Shanghai (Group’s interest – 16.94%) 5 Lot 251, Dongan Road, Xuhui District, The site has an area of approximately Shanghai (Group’s interest – 49.09%) 546,682 sq.ft. and Phase 2 is planned to be The site has an area of approximately developed into a commercial and 120,320 sq.ft. and is planned to be residential complex comprising two 53- developed into a commercial and storey office towers, a 18-storey serviced residential complex for domestic sales. apartment tower and a 34-storey The proposed development has an residential tower, with an estimated total estimated total gross floor area of gross floor area of 2,156,617 sq.ft.. The approximately 471,054 sq.ft. and is first phase of the development was planned to be completed in phases and completed in late 1999. the commencement of development will be delayed. 3 Lot 688, north of Nanjing Road West, Jingan District, Shanghai 6 Lot 1240, Si Ping Road, Yang Pu District, (Group’s interest – 55.63%) Shanghai (Group’s interest – 49.09%) The site has an area of approximately The site has an area of approximately 110,342 sq.ft. and the approved 180,146 sq.ft. and is planned to be proposed development comprises a 25- developed into a commercial and storey residential tower and a 25-storey residential complex for domestic sales. residential/office tower above a 3-storey The development has an estimated total retail podium, with an estimated total gross floor area of approximately 504,412 gross floor area of approximately 867,704 sq.ft. and is planned to be completed in sq.ft.. Demolition work has been phases and the commencement of the completed and the commencement of development will be delayed.

2002 ANNUAL REPORT 29 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Progress of Major Development Projects (cont’d)

7 Lot 130-2, Heng Feng Road, Zhabei 10 Site on the south of Fangcun Avenue and District, Shanghai the east and west sides of Cross Bridge (Group’s interest – 65.45%) over Huadi Avenue, Fangcun District, The site has an area of approximately Guangzhou (Group’s interest – 65.45%) 62,141 sq.ft. and is planned to be The site has an area of approximately developed into a 23-storey office tower 2,663,584 sq.ft. and is planned to be above a 4-storey retail podium and two developed into 42 towers on several levels of underground carparks. The shopping podiums. The estimated total proposed development has an estimated gross floor area of the proposed total gross floor area of approximately development is approximately 513,094 sq.ft. and the commencement of 13,053,211 sq.ft.. The first phase the development will be delayed. comprises four residential towers on a 2- storey retail podium, with a total gross 8 River Pearl Plaza (Block A), Yanjiang Road floor area of approximately 1,200,000 West, Yuexiu District, Guangzhou sq.ft.. Resettlement and site clearance (Group’s interest – 44.77%) works are in progress and the River Pearl Plaza (Block B), Yanjiang Road commencement of the development will West, Yuexiu District, Guangzhou be delayed. (Group’s interest – 40.58%) River Pearl Plaza (Block C), Yanjiang Road 11 210 Fangcun Avenue, Fangcun District, West, Yuexiu District, Guangzhou Guangzhou (Group’s interest – 52.36%) (Group’s interest – 47.12%) The site has an area of approximately The River Pearl Plaza (Blocks A, B and C) 516,941 sq.ft. and is planned to be comprises 3 sites with an aggregate site developed into eight residential towers area of approximately 285,505 sq.ft.. The on a shopping podium. The proposed project is planned for the development of development has a total gross floor area an apartment, office and retail complex, of approximately 2,363,884 sq.ft.. with an estimated total gross floor area Demolition work is in progress and the of approximately 4,041,010 sq.ft.. development is expected to be Demolition and site clearance works are completed in phases, with the first phase in progress and the commencement of to be completed in 2004. the development will be delayed.

9 Fortune Garden, Nanhua Road/Tongqing Road/Tongfu Road Central, Haizhu District, Guangzhou (Group’s interest – 65.45%) The area of the site has been reduced to approximately 66,425 sq.ft. and the site is planned to be developed into a commercial complex. The development plan is now revising with the consideration of new updated rules and regulations as issued by Guangzhou Town Planning Bureau. 30 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Investment Properties

Gross Group’s Floor Area No. of Interest Property Purpose Lease Term (sq.ft.) Carpark (%)

HONG KONG

1 Eva Court, Residential 999 years from 108,214 49 73.48 36 MacDonnell Road, 26th October, 1896 Mid-Levels, Hong Kong Investment Properties GFA in million sq. ft. 2 Golden Centre, Office For a term of years to 134,450 — 100.00 7 170-188 Commercial 6th March, 2050 21,842 Des Voeux Road, 6

Central, 5 Hong Kong 4

3 ING Tower Office 999 years from 182,373 — 100.00 3 (formerly known as Commercial 26th December, 1866 31,987 2 Aetna Tower), 308-320 Des Voeux 1 Road Central/ 0 98-116 98 9900 01 02 Financial Year Wing Lok Street, Hong Kong

4 On Loong Office 99 years from 23,856 — 100.00 Commercial Commercial 11th May, 1928 1,708 Building, 276-278 Lockhart Road, Wanchai, Hong Kong (excluding 6/F-A & 21/F)

5 Joseph Yen Industrial 75 years from 114,300 10 100.00 Industrial Building, 15th September, 1963 24 Lee Chung Street, (renewable for 75 years) Chai Wan, Hong Kong

6 Silver Fortune Plaza, Commercial 924 years from 28,953 — 36.74 Lower Ground Floor, 26th June, 1918 Upper Ground Floor and First to Fourth Floors, 1 Wellington Street, Hong Kong

7 AIA Tower, Office For a term of years to 490,072 256 94.56 183 Electric Road, Commercial 30th June, 2047 22,338 North Point, Hong Kong

32 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Investment Properties (cont’d)

Gross Group’s Floor Area No. of Interest Property Purpose Lease Term (sq.ft.) Carpark (%)

8 One International Office For a term of years to 784,480 355 36.51 Finance Centre, Commercial 30th June, 2047 131,138 1 Harbour View Street, Central, Hong Kong

9 MLC Tower Office 999 years from 323,418 46 17.13 (formerly known as Commercial 16th March, 1855 11,481 CEF Life Tower), 248 Queen’s Road East, Wanchai, Hong Kong

KOWLOON

10 Hollywood Plaza, Office For a term of years to 193,284 — 24.49 610 Nathan Road, Commercial 30th June, 2047 100,543 Mongkok, MLC Tower (formerly known Kowloon as CEF Life Tower), Wanchai

11 Kowloon Building, Office 75 years from 84,626 — 73.48 555 Nathan Road, Commercial 4th February, 1985 28,656 Mongkok, Kowloon

12 Righteous Centre, Office 150 years from 41,004 — 100.00 585 Nathan Road, Commercial 25th December, 1887 10,763 Mongkok, Kowloon

13 Winning Centre, Industrial For a term of years to 150,212 — 100.00 Completed in late 1998 for rental purpose, this 29 Tai Yau Street, 30th June, 2047 17.13%-owned quality San Po Kong, office building consists of Kowloon 34 storeys that have a total G.F.A. of approx. 335,000 sq.ft. 14 Well Tech Centre, Office/ For a term of years to 136,376 49 73.48 9 Pat Tat Street, Industrial 30th June, 2047 San Po Kong, Kowloon (1/F to 15/F & 20/F to 29/F)

15 579 Nathan Road, Office 150 years from 18,810 — 100.00 579 Nathan Road, Commercial 25th December, 1887 7,805 Mongkok, Kowloon

2002 ANNUAL REPORT 33 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Investment Properties (cont’d)

Gross Group’s Floor Area No. of Interest Property Purpose Lease Term (sq.ft.) Carpark (%)

NEW TERRITORIES

16 Fanling Centre, Commercial For a term of years to 151,513 302 93.89 33 San Wan Road, 30th June, 2047 Fanling, New Territories

17 Flora Plaza, Commercial For a term of years to 157,762 217 60.00 88 Pak Wo Road, 30th June, 2047 Fanling, New Territories

18 Block C, Hang Industrial For a term of years to 292,264 182 73.48 Wai Industrial 30th June, 2047 Centre, Pui To Road/Kin On Street/Kin Wing Street/ Kin Tai Street, Tuen Mun, New Territories AIA Tower, North Point

19 The Trend Plaza, Commercial For a term of years to 195,280 78 73.48 Tuen Mun Heung 30th June, 2047 Sze Wui Road, Tuen Mun, New Territories

20 Marina Cove, Commercial For a term of years to 23,915* 377 40.00 Lot No. 526 in 30th June, 2047 D.D. No. 210, Sai Kung, New Territories 94.56% owned by the Group for rental purpose, 21 City Landmark II Commercial For a term of years to 155,022 127 93.10 this 44-storey commercial building has approx. (formerly known 30th June, 2047 512,000 sq.ft. in total G.F.A.. as Town Square), 145-165 Castle Peak Road, Tsuen Wan, New Territories

22 Skyline 2000 Commercial For a term of years to 154,259 104 100.00 88 Tai Ho Road, 30th June, 2047 Tsuen Wan, New Territories

* There are also 303 pontoons and 75 hardstand spaces. 34 HENDERSON LAND Henderson Land Development Company Limited REVIEW OF OPERATIONS

Investment Properties (cont’d)

Gross Group’s Floor Area No. of Interest Property Purpose Lease Term (sq.ft.) Carpark (%)

23 City Landmark I Office For a term of years to 209,420 133 74.96 (formerly known Commercial 30th June, 2047 184,838 as City Landmark), 68 Chung On Street, Winning Centre, Tsuen Wan, San Po Kong New Territories

24 , Commercial For a term of years to 100,029 545 69.37 2-16 Wang Pok 30th June, 2047 Street, Sha Tin, New Territories

25 , Commercial For a term of years to 147,943 134 77.55 21-27 Shatin 30th June, 2047 Centre Street, Sha Tin, New Territories This 24-storey industrial building provides a total 26 Blocks A & B, Commercial For a term of years to 9,305 — 100.00 G.F.A. of approx. 150,000 Sunshine City, 30th June, 2047 sq.ft.. 18 On Shing Street, Ma On Shan, New Territories

27 Blocks C & D, Commercial For a term of years to 10,236 — 50.00 Sunshine City, 30th June, 2047 22 On Shing Street, Ma On Shan, New Territories

28 Blocks N, P, Q & R, Commercial For a term of years to 58,881 196 100.00 Sunshine City, 30th June, 2047 8 On Shing Street, Ma On Shan, New Territories

29 Sunshine City Commercial For a term of years to 532,637 831 100.00 Plaza, 30th June, 2047 18 On Luk Street, Ma On Shan, New Territories

2002 ANNUAL REPORT 35 Henderson Land Development Company Limited REVIEW OF OPERATIONS

Investment Properties (cont’d)

Gross Group’s Floor Area No. of Interest Property Purpose Lease Term (sq.ft.) Carpark (%)

30 Sunshine Bazaar, Commercial For a term of years to 79,642 234 100.00 628 Sai Sha Road, 30th June, 2047 Ma On Shan, New Territories

31 Citimall, Commercial For a term of years to 140,341 51 100.00 1 Kau Yuk Road, 30th June, 2047 Yuen Long, New Territories

32 La Cité Noble Commercial For a term of years to 35,186 — 100.00 Shopping Arcade, 30th June, 2047 1 Ngan O Road, Tseung Kwan O, New Territories

33 Dawning Views Commercial For a term of years to 87,766 — 100.00 Plaza, 30th June, 2047 23 Yat Ming Road, Fanling, New Territories

Citygate, Tung Chung 34 Phase 2 Commercial For a term of years to 956,849 669 100.00 Shopping Arcade, 30th June, 2047 8 Yan King Road, Tseung Kwan O, New Territories

35 Metro City Phase 3 Commercial For a term of years to 266,954 232 100.00 Shopping Arcade, 30th June, 2047 Forming a part of the Tung The Metropolis, Chung Station Development 8 Mau Yip Road, (Package One), this 20% owned shopping centre of Tseung Kwan O, the Group provides New Territories shopping and recreation facilities to residents of the Tung Chung new town near 36 Citygate, Office For a term of years to 161,400 1,163 20.00 the Hong Kong International 20 Tat Tung Road, Commercial 30th June, 2047 462,680 Airport. Tung Chung, Lantau Islands, New Territories

36 HENDERSON LAND Henderson Land Development Company Limited