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THE REACH, YUEN LONG, HONG KONG Review of Operations – Business in Hong Kong Progress of Major Development Projects

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THE REACH, YUEN LONG, HONG KONG Review of Operations – Business in Hong Kong Progress of Major Development Projects THE REACH, YUEN LONG, HONG KONG 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 2016 Double Cove, 8 Wu Kai Sha Road, Ma On Shan High West, 36 Clarence Terrace, Sai Ying Pun (59% owned) (100% owned) Site area : 1,042,397 square feet Site area : 7,310 square feet Gross floor area : 2,950,660 square feet Gross floor area : 58,471 square feet Residential units : 3,537 Residential units : 133 Expected completion : Second quarter of 2014 (Phase 2) Expected completion : Second quarter of 2014 First quarter of 2015 (Phase 3) Third quarter of 2015 (Phase 4) “High West” is adjacent to the Hong Kong University MTR station Fourth quarter of 2015 (Phase 5) that will soon commence its operation. It is also close to a number of prestigious primary and secondary schools, as well as the Being the first residential project in Hong Kong designed by the University of Hong Kong. Construction of the superstructure is top-notch consultant team, namely Rogers Stirk Harbour + progressing well and this 33-storey residential development will Partners, “Double Cove” is located on a unique twin-cove peninsula allow upper floor residences to enjoy vistas of the sparkling Victoria which offers sweeping views across Tolo Harbour. This waterfront Harbour or lush verdant mountains. development, comprising 21 residential towers, is scheduled to be completed in five phases. The first phase of its development was completed in the first half of 2013, offering tranquil living High Point, 188 Tai Po Road, Cheung Sha Wan environment for 928 households, in addition to an approximately (100% owned) 100,000-square-foot shopping area with a direct access to Wu Kai Sha MTR terminus. Site area : 8,324 square feet Gross floor area : 70,340 square feet Residential units : 138 Green Code, 1 Ma Sik Road, Fanling Expected completion : Second quarter of 2014 (33.33% owned) Located in the core area of West Kowloon, “High Point” offers Site area : 95,800 square feet unparalleled shopping and transportation convenience to its Gross floor area : 538,723 square feet residents. Construction of the superstructure is under way and upon Residential units : 728 completion, the residential entrance lobby design of Italian Expected completion : Second quarter of 2014 sophistication, as well as modern Italian clubhouse, will set the property apart from all the other premises in the vicinity. Overlooking a vast expanse of greenery, this composite development comprises four residential towers with a large shopping plaza on the podium. Boundary crossings to mainland China are easily accessible with control points located nearby. Henderson Land Development Company Limited 38 Annual Report 2013 Review of Operations – Business in Hong Kong • Progress of Major Development Projects High Place, 33 Carpenter Road, Kowloon City 121 Bulkeley Street, Hung Hom (100% owned) (33.33% owned) Site area : 3,582 square feet Site area : 6,268 square feet Gross floor area : 31,638 square feet Gross floor area : 55,552 square feet Residential units : 76 Residential units : 95 Expected completion : Fourth quarter of 2014 Expected completion : First quarter 2015 Situated in an established district, which houses many famous and At the junction of Gillies Avenue South and Bulkeley Street, Hung highly sought-after schools, “High Place” enjoys the potential Hom, a residential-cum-commercial tower will be developed and embodied in the newly-commissioned Kai Tak Cruise Terminal. superstructure works are in progress. Construction has proceeded to the superstructure stage. High Park, 51 Boundary Street High Park Grand, 68 Boundary Street (100% owned) (100% owned) Site area : 5,880 square feet Site area : 6,750 square feet Gross floor area : 52,919 square feet Gross floor area : 60,750 square feet Residential units : 59 Residential units : 41 Expected completion : First quarter 2015 Expected completion : Fourth quarter of 2014 “High Park” is situated at the transport nexus of Prince Edward, Situated close to both Prince Edward and Mong Kok East MTR with MTR station and cross-border coach terminus just steps away. stations, this 29-storey residential-cum-commercial tower is a Besides, the flower bazaar and Mong Kok shopping avenue are tribute to the heritage of Kowloon Tong’s historic mansions, both within its walking distance, offering unrivalled living featuring spacious units. Thanks to the shimmering façade design convenience to its residents. Superstructure works are in progress and features that maximise light and visibility, residents will enjoy and it will be developed into a 32-storey residential-cum- breathtaking views of the surrounding green parks and Lion Rock. commercial tower, overlooking the Police Sports and Recreation Superstructure works are in progress. Club, as well as the lush greenery nearby. Henderson Land Development Company Limited Annual Report 2013 39 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Global Gateway Tower, 63 Wing Hong Street, The Hemispheres, 3 Gordon Road, North Point Cheung Sha Wan (100% owned) (100% owned) Site area : 28,004 square feet Site area : 7,386 square feet Gross floor area : 335,968 square feet Gross floor area : 61,602 square feet Expected completion : Second quarter of 2015 Residential units : 119 Expected completion : Second quarter of 2015 The prime location close to Lai Chi Kok MTR station, plus the iconic visionary architecture and round-the-clock facilities make “The Hemispheres”, a leading boutique apartment tower, is this project a new benchmark for premium industrial premises in adjacent to both Fortress Hill and Tin Hau MTR stations. With the West Kowloon. Construction has proceeded to the superstructure vibrant Causeway Bay shopping hub as well as Victoria Park in its stage. proximity, this development offers unrivalled living convenience to the residents. The superstructure works are in progress. 2-12 Observatory Road, Tsim Sha Tsui (50% owned) 186-198 Fuk Wing Street, Sham Shui Po (100% owned) Site area : 13,764 square feet Gross floor area : 82,533 square feet Site area : 7,350 square feet Expected completion : Second quarter of 2015 Gross floor area : 63,034 square feet Residential units : 110 Superstructure works are in progress and such development project, Expected completion : Third quarter of 2015 which boasts quality office and retail spaces, will be held for rental purposes. Situated close to both Cheung Sha Wan and Shum Shui Po MTR stations, it will be developed into a residential-cum-commercial property and superstructure works are in progress. Henderson Land Development Company Limited 40 Annual Report 2013 Review of Operations – Business in Hong Kong • Progress of Major Development Projects 565-577 Fuk Wah Street, Cheung Sha Wan 1-11 Lai Yin Street and 2-12 Jones Street, (100% owned) Tai Hang (70% owned) Site area : 7,560 square feet Site area : 6,529 square feet Gross floor area : 63,786 square feet Gross floor area : 65,256 square feet Residential units : 187 Residential units : 119 Expected completion : Second quarter of 2016 Expected completion : Fourth quarter of 2016 Adjacent to an array of amenities, such as sports centre and sports Located in Tai Hang, which houses many dining outlets with ground which meet the needs of the urban dwellers, it will be Causeway Bay shopping hub and Victoria Park within its walking developed into a quality residential-cum-commercial property and distance, this development offers unrivalled living convenience to foundation work has been progressing well. its residents. Demolition work was completed. 62-76 Ap Lei Chau Main Street, Southern District (100% owned) Site area : 7,953 square feet Gross floor area : 65,764 square feet Residential units : 106 Expected completion : Fourth quarter of 2016 Adjacent to Lei Tung MTR station, which will commence operations in 2015, this waterfront development offers easy accessibility to the Core Business District of Hong Kong, with many residences enjoying pristine seaview of Aberdeen or lush verdant mountains. Both Aberdeen Marina Club and the world renowned Ocean Park are in the proximity, making this project a new landmark of the district. The first phase of foundation work was completed. Henderson Land Development Company Limited Annual Report 2013 41 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 (Phase 1) 9 High West 47 450-456G Queen’s Road West, Western District 2 The Reach 10 39 Conduit Road 48 85-95 Shek Pai Wan Road, Aberdeen 3 Green Code 11 The Beverly Hills (Phases 1-3) 49 4-6 Tin Wan Street, Aberdeen 4 High Park 12 Hill Paramount 50 12-18 Tin Wan Street, Aberdeen 5 High Point 13 Green Lodge 51 9-13 Sun Chun Street, Tai Hang 6 High Place 14 E-Trade Plaza 52 21-39 Mansion Street and 852-858 King’s Road, 7 The Hemispheres 15 Global Trade Square North Point 8 The Gloucester 16 Global Gateway Tower 53 4A-4P Seymour Road, Mid-Levels 54 57-69 Ma Tau Wai Road, 2-20 Bailey Street and 18A-30 Sung Chi Street, To Kwa Wan Projects Pending Sale in 2014 55 2A-2F Tak Shing Street, Jordan 56 456-466 Sai Yeung Choi Street North 17 Double Cove Starview and 50-56 Wong Chuk Street, 18 Double Cove (Phase 3) Sham Shui Po 19 High Park Grand 57 1-19 Nam Cheong Street, Tuen Mun 20 186-198 Fuk Wing Street,
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