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CHINA BUILDING FOR THE BETTER Hong Kong The Group always strives to maximize the aesthetic potential of development lots so as to integrate its projects into their surroundings harmoniously with minimal environmental impact. La Verte features 16 low-density townhouses and offers a contemporary urban living environment in lush greenery. BUILDING FOR THE BETTER Review of Operations – Business in Hong Kong Land Bank 2011 Highlights • Sizeable and diverse land bank with a total attributable gross floor area of 21.1 million square feet • Secured 37 urban redevelopment projects with 80% ownership or above, providing a total attributable gross floor area of approximately 2.88 million square feet • New Territories land reserve increased to 41.9 million square feet in site area – the largest holding among all Hong Kong property developers • Progress made in land-use conversion with 123,000 square feet of residential space finalized with the Government 49 Newly acquired urban redevelopment 26 456-462A Sai Yeung Choi Street North, Sham Shui Po projects with entire or majority ownership 27 1-19 Nam Cheong Street, Sham Shui Po 1 30-38 Po Tuck Street and 36 Clarence Terrace, 28 342-348 Un Chau Street, Cheung Sha Wan Western District 29 11-19 Wing Lung Street, Cheung Sha Wan Tuen Mun 2 45-49 Boundary Street and 189-195 30 196-202 Ma Tau Wai Road, To Kwa Wan Sai Yeung Choi Street North 31 79-83 Fuk Lo Tsun Road, Kowloon City 3 186-188 Tai Po Road, Sham Shui Po 32 8-30A Ka Shin Street, Tai Kok Tsui 4 1-7A Gordon Road, North Point 33 1-15 Berwick Street, Shek Kip Mei 5 75-81 Sa Po Road, Kowloon City 34 21-27 Berwick Street and 212-220 6 186-198 Fuk Wing Street, Sham Shui Po Nam Cheong Street, Shek Kip Mei 7 59-63 Wing Hong Street and 88-92 35 3-4 Yiu Tung Street, Shek Kip Mei King Lam Street, Cheung Sha Wan 36 7-8 Yiu Tung Street, Shek Kip Mei 8 25 Robinson Road, Mid-Levels 37 7-7G Victory Avenue, Homantin 9 565-577 Fuk Wah Street, Cheung Sha Wan 10 23-33 Shing On Street, Sai Wan Ho Existing redevelopment projects 11 208-210 Johnston Road, Wanchai 38 68 Boundary Street 12 352-354 Un Chau Street, Cheung Sha Wan 39 19-21 Wong Chuk Hang Road 13 2-12 Observatory Road, Tsim Sha Tsui 40 45-47 Pottinger Street and Ezra’s Lane, Central Airport 14 62-72 Main Street, Ap Lei Chau 41 25 La Salle Road, Kowloon Tong 15 89-95 Shek Pai Wan Road, Aberdeen 42 29 Lugard Road,The Peak 16 11-33 Li Tak Street, Tai Kok Tsui 43 8 Wang Kwong Road, Kowloon Bay 17 50-56 and 58-64 Ma Tau Kok Road and 162-168 Pau Chung Street, To Kwa Wan 44 14-30 King Wah Road, North Point Tung Chung 18 450-456G Queen’s Road West, Western District 45 Yau Tong Bay 19 4-6 Tin Wan Street, Aberdeen Land sites situated in the 20 12-14 Tin Wan Street,Aberdeen Lantau Island Future New Development Towns 21 9-13 Sun Chun Street, Tai Hang 22 21-39 Mansion Street and 852-858 King’s Road, 46 Wu Nga Lok Yeung North Point 47 Ping Che 23 19-21 Shing On Street and 15 Tai Shek Street, 48 Kwu Tung North Sai Wan Ho 49 Hung Shui Kiu 24 57-69 Ma Tau Wai Road, 2-20 Bailey Street and 18A-30 Sung Chi Street, To Kwa Wan 25 38-40A Hillwood Road, Tsim Sha Tsui Henderson Land Development Company Limited 36 Annual Report 2011 46 47 Sheung Shui 48 Lok Ma Chau Fanling Tai Po Yuen Long New Territories Sai Kung Ma On Shan Tsuen Wan Shatin 33 34 35 36 Tsing Yi 38 41 9 2 12 7 26 6 5 31 43 27 3 28 16 17 Kowloon 29 32 37 24 30 Discovery Bay Tseung Kwan O 13 25 45 4 22 1 40 10 23 18 44 Quarry Bay 42 8 11 21 Hong Kong Island 15 19 39 20 14 Existing Line Under Network Extensions MTR West Island Line Tung Chung Cable Car Guangzhou – Shenzhen – Hong Kong Express Rail Link Light Rail Shatin to Central Link Route 3 Kwun Tong Link Extension Cross Harbour Tunnel South Island Line (East) Henderson Land Development Company Limited Annual Report 2011 37 Review of Operations – Business in Hong Kong • Land Bank At 31 December 2011, the Group had a land bank in Hong Kong with a total attributable gross floor area of approximately 21.1 million square feet, made up as follows: Attributable gross floor area (million sq.ft.) Properties held for or under development 10.2 Stock of unsold property 0.7 Completed investment properties (Note) 9.2 Hotel properties 1.0 Total: 21.1 Note: The Group held additional rentable car parking spaces with a total area of around 2.8 million square feet. (I) Redevelopment of old buildings in the urban areas Existing redevelopment projects The Group had a total of 8 existing projects under planning for redevelopment or conversion into other purposes, which would provide about 1.43 million square feet in attributable gross floor area for commercial and residential use in the urban areas as shown in the table below: Expected Expected attributable gross floor gross floor area in future Group’s area in future Site area development Interest development Project name and location (sq.ft.) (sq.ft.) (%) (sq.ft.) 1. 68 Boundary Street, Kowloon 6,750 60,749 100.00 60,749 2. 19-21 Wong Chuk Hang Road, Hong Kong 14,298 214,467 50.00 107,233 3. 45-47 Pottinger Street and Ezra’s Lane, 9,067 94,190 19.10 17,986 Central, Hong Kong 4. 25 La Salle Road, Kowloon Tong, Kowloon (Note 1) 13,467 24,175 100.00 24,175 5. 29 Lugard Road, The Peak, Hong Kong 23,653 11,824 100.00 11,824 6. 8 Wang Kwong Road, Kowloon Bay, Kowloon (Note 2) 21,528 174,789 100.00 174,789 7. 14-30 King Wah Road, North Point, Hong Kong 37,566 224,828 100.00 224,828 8. Yau Tong Bay, Kowloon 878,962 4,394,808 18.44 810,214 Total: 1,005,291 5,199,830 1,431,798 Note 1: The site was previously held by the Group as a serviced apartment building. Note 2: The existing industrial building (i.e. Big Star Centre) at this site is planned to be redeveloped into an office tower with an enlarged gross floor area of about 258,000 square feet. However, such land-use conversion plan is still subject to Government’s approval. Henderson Land Development Company Limited 38 Annual Report 2011 Review of Operations – Business in Hong Kong • Land Bank Newly-acquired redevelopment enables the owners of units in old buildings about 3,000 housing units. The total land projects of old buildings to realize their dilapidated homes at a price costs for these 37 urban projects are In light of the market development, during higher than the prevailing market price for estimated at about HK$11,800 million, the year the Group continued to maintain the old buildings and to acquire newer and translating into an average land cost of its prudent practice of acquiring old safer homes. Lastly, it provides the Group approximately HK$4,100 per square foot tenement buildings in urban areas for with a source of urban land supply that of gross floor area. Such favourable land redevelopment in the belief that it would be requires lower cost and hence yields higher costs will ensure a significant contribution a win-win move for all parties over the long margin. To date, entire or majority to the Group’s earnings. A summary of the term. Firstly, it is in line with the ownership of 37 urban projects has been projects which have been acquired is as Government’s policy initiatives on secured and they are expected to provide a follows: promoting urban renewal and creating a total attributable gross floor area of vibrant urban environment. Secondly, it approximately 2.88 million square feet, or Expected attributable gross floor area in Expected year Site area future development of sales launch Project name and location (sq.ft.) (sq.ft.) (Note 1) A. Projects with ownership fully consolidated: 1. 30-38 Po Tuck Street and 36 Clarence Terrace 7,310 58,400 2012 Western District, Hong Kong (Note 2) 2. 45-49 Boundary Street and 5,880 52,919 2012 189-195 Sai Yeung Choi Street North, Kowloon (Note 2) 3. 186-188 Tai Po Road, Sham Shui Po, Kowloon (Note 2) 8,324 70,298 2012 4. 1-7A Gordon Road, North Point, Hong Kong (Note 2) 7,423 64,437 2013 5. 75-81 Sa Po Road, Kowloon City, Kowloon (Note 2) 3,582 32,219 2013 6. 186-198 Fuk Wing Street, Sham Shui Po, Kowloon (Note 2) 7,500 63,281 2013 7. 59-63 Wing Hong Street and 88-92 King Lam Street, 28,004 336,048 Not applicable Cheung Sha Wan, Kowloon (Notes 2 and 3) 8 25 Robinson Road, Mid-Levels, Hong Kong (Notes 2 and 4) 15,734 39,292 2013 9. 565-577 Fuk Wah Street, Cheung Sha Wan, Kowloon 7,560 63,788 2013 10. 23-33 Shing On Street, Sai Wan Ho, Hong Kong (Note 2) 4,605 38,081 2014 11. 208-210 Johnston Road, Wanchai, Hong Kong (Note 3) 1,939 29,085 2014 12.
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    Participating Sellers District Participating Designated Physical Stores / Other Sales Channels Shop 410, Cityplaza, Taikoo Shing, Hong Kong Shop 814-816, 8/F, Times Square, 1 Matheson Street, Hong Kong Causeway Bay, Hong Kong Island Basement, Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong Kong G/F, Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong Kong Shop MTR-02, Festival Walk, 80 Tat Chee Road, Kowloon Tong, Kowloon Shop G22, Telford Plaza I, Kowloon Bay, Kowloon Shop G44, Telford Plaza I, Kowloon Bay, Kowloon G/F, 58-60 Cameron Road, Tsim Sha Shui, Kowloon Shop 341, 3/F, Ocean Centre, Harbour City, Tsim Sha Shui, Kowloon Shop MTR 14, iSQUARE, 63 Nathan Road, Tsim Sha Shui, Kowloon Basement, B2, 13 Sai Yeung Choi Street South, Mong Kok, BROADWAY PHOTO Kowloon Kowloon SUPPLY LTD G/F, 13 Sai Yeung Choi Street South, Mong Kok, Kowloon G/F, 78 Sai Yeung Choi Street South, Mong Kok, Kowloon G/F-3/F, 80 Sai Yeung Choi Street South, Mong Kok, Kowloon G/F-3/F, 79 Argyle Street, Mong Kok, Kowloon G/F-2/F, 28 Soy Street, Mong Kok, Kowloon Xsite 2 & 2A, 5/F, APM, Millennium City 5, Kwun Tong, Kowloon Shop 204, 2/F, Plaza Hollywood, Diamond Hill, Kowloon Shop 428-430, 4/F, Landmark North, Sheung Shui, New Territoires New Shop 210-213, 2/F, Metropolis Plaza, Sheung Shui, Territories New Territories Shop G17, Tuen Mun Town Plaza, Phase 1, Tuen Mun, New Territories Participating Sellers District Participating Designated Physical Stores / Other Sales Channels Shop G031, Tuen Mun Town Plaza, Phase 1, Tuen Mun, New Territories Shop A-C ＆ D7, G/F-3/F, Lok Sing Building, 16 Kau Yuk Road, Yuen Long, New Territories BROADWAY PHOTO Shop 611, 6/F, New Town Plaza, Phase I, Sha Tin, SUPPLY LTD New Territories Shop 136, 1/F, Maritime Square, Tsing Yi, New Territories New Territories Shop A-C, G/F-2/F, Tak Yan House, 43-45 Chung On Street, Tsuen Wan, New Territories Shop 218, 2/F, East Point City, Tseung Kwan O, New Territories .
  • HENG on to KWUN TONG

    HENG on to KWUN TONG

    L. S. NO. 2 TO GAZETTE NO. 50/2004L.N. 203 of 2004 B1865 Air-Conditioned New Territories Route No. 89C Heng On—Kwun Tong (Tsui Ping Road) HENG ON to KWUN TONG (TSUI PING ROAD): via Hang Kam Street, Hang Hong Street, Sai Sha Road, Hang Fai Street, Ning Tai Road, Po Tai Street, Ning Tai Road, Hang Tai Road, Hang Shun Street, Chevalier Garden Bus Terminus, Hang Shun Street, A Kung Kok Street, Shek Mun Interchange, Tai Chung Kiu Road, Siu Lek Yuen Road, Tate’s Cairn Highway, Tate’s Cairn Tunnel, Hammer Hill Road, roundabout, Hammer Hill Road, Choi Hung Road, roundabout, Choi Hung Estate access road, Prince Edward Road East, Kwun Tong Road and Tsui Ping Road. Special trips operated from Heng On to Kwun Tong (Tsui Ping Road) omitting Tai Chung Kiu Road, Siu Lek Yuen Road, Hammer Hill Road, Choi Hung Estate access road and Prince Edward Road. KWUN TONG (TSUI PING ROAD) to HENG ON: via Tsui Ping Road, Lei Yue Mun Road, Wai Fat Road, Cha Kwo Ling Road, Lei Yue Mun Road, Kwun Tong Road, Lung Cheung Road, Tate’s Cairn Tunnel, Tate’s Cairn Highway, Sha Tin Wai Road, Siu Lek Yuen Road, Tai Chung Kiu Road, Shek Mun Interchange, A Kung Kok Street, Hang Shun Street, Chevalier Garden Bus Terminus, Hang Shun Street, Hang Tai Road, Ning Tai Road, Hang Fai Street, Sai Sha Road, Hang Hong Street and Hang Kam Street. Special trips operated from Kwun Tong (Tsui Ping Road) to Heng On omitting Sha Tin Wai Road, Siu Lek Yuen Road and Tai Chung Kiu Road.