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Business in Hong Kong Progress of Major Development Projects

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Business in Hong Kong Progress of Major Development Projects High Park Grand Mong Kok, 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 2019 AXIS 200 Ma Tau Wai Road Hung Hom (100% owned) Site area 4,905 square feet Gross floor area 41,314 square feet Residential units 120 Completion 27 January 2017 AXIS, Hung Hom, Hong Kong (artist’s impression) Adjacent to MTR Ma Tau Wai station of the Shatin to Central Link, which is now under construction, “AXIS” is a 26-storey residential-cum-commercial development. With an array of amenities (such as Hoi Sham Park and Ko Shan Theatre) within walking distance, this development meets the discerning tastes of urban dwellers. PARKER33 33 Shing On Street Shau Kei Wan (100% owned) Site area 7,513 square feet Gross floor area 80,090 square feet Residential units 234 Completion 1 March 2017 PARKER33, Shau Kei Wan, Hong Kong (artist’s impression) Located in Island East with MTR Sai Wan Ho station in its proximity, this 30-storey residential-cum-commercial property includes certain upper floor residences which enjoy stunning Victoria Harbour views. Henderson Land Development Company Limited 42 Annual Report 2016 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Eltanin • Square Mile 11 Li Tak Street Mong Kok (100% owned) Site area 19,600 square feet Gross floor area 176,373 square feet Residential units 448 Expected completion Second quarter of 2017 Eltanin • Square Mile, Mong Kok, Hong Kong (artist’s impression) Conveniently located in West Kowloon adjacent to MTR Olympic station, this innovatory development features a modern streamlined design, passages connecting subsequent phases, landscaped walkways and an open-air piazza for cultural and leisure activities. The site is now at superstructure stage and upon completion, this new hotspot will revitalise the streets and become an ideal living hub offering business vitality and residential relaxation. Of the various major developments in the district now being undertaken by the Group, “Eltanin • Square Mile” is the first project to be launched. Its 40,000-square foot retail mall will further strengthen West Kowloon’s emerging reputation as a “Diners Paradise” thus bringing about a more diversified and satisfying consumer experience upon its scheduled opening by the end of 2017. The Zutten 50 Ma Tau Kok Road (100% owned) Site area 11,400 square feet Gross floor area 102,570 square feet Residential units 300 Expected completion Second quarter of 2017 The Zutten, Ma Tau Kok, Hong Kong (artist’s impression) Adjacent to the MTR To Kwa Wan station of the Shatin to Central Link, which is now under construction, “The Zutten” will provide 300 residential units and a two-storey shopping podium. According to the Government’s Kai Tak Development Plan, an array of amenities including a multi-purpose sports complex and a metro park will be in its close proximity. Henderson Land Development Company Limited Annual Report 2016 43 Review of Operations – Business in Hong Kong • Progress of Major Development Projects 18 King Wah Road North Point (100% owned) Site area 52,689 square feet Gross floor area 329,752 square feet Expected completion Second quarter of 2017 18 King Wah Road, North Point, Hong Kong Superstructure works at a prime waterfront site on King Wah Road, North Point are now under way and it will be developed into a 25-storey Grade-A office tower with a total gross floor area of about 330,000 square feet. Designed by the world-renowned Cesar Pelli, it is poised to be another metropolitan landmark upon completion. Pre-leasing marketing has been encouraging, with many multinational corporations and mainland enterprises enquiring about the development. 38 Hillwood Road Tsim Sha Tsui (100% owned) Site area 4,586 square feet Gross floor area 55,031 square feet Expected completion Third quarter of 2017 38 Hillwood Road, Tsim Sha Tsui, Hong Kong (artist’s impression) The prime location of being close to MTR Jordan station, together with its innovative design and high specifications make this 21-storey Ginza-style commercial project a new benchmark in the vibrant Tsim Sha Tsui district. Superstructure work is in progress. Henderson Land Development Company Limited 44 Annual Report 2016 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Harbour Park 208 Tung Chau Street Cheung Sha Wan (33.41% owned) Site area 6,528 square feet Gross floor area 55,077 square feet Residential units 161 Expected completion Fourth quarter of 2017 Harbour Park, Cheung Sha Wan, Hong Kong (artist’s impression) This 26-storey residential-cum-commercial development, commands magnificent views of Victoria Harbour and surrounding green parks. Only minutes from MTR Nam Cheong station, the transport nexus of West Rail and Tung Chung lines, “Harbour Park” enjoys a comprehensive transportation network. Superstructure work is in progress and it was launched for pre-sale in January 2016. Lot No. 1752 in DD No. 122 Tong Yan San Tsuen Yuen Long (100% owned) Site area 27,864 square feet Gross floor area 27,864 square feet Residential units 16 Expected completion Fourth quarter of 2017 Lot No. 1752 in DD No. 122, Tong Yan San Tsuen, Yuen Long, Hong Kong (artist’s impression) Surrounded by lush greenery in a tranquil environment, the site will be developed into 16 three-storey villas. Superstructure work is in progress. Henderson Land Development Company Limited Annual Report 2016 45 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Wellesley 23 Robinson Road Mid-Levels (25.07% owned*) Site area 31,380 square feet Gross floor area 156,901 square feet Residential units 90 Expected completion First quarter of 2018 Wellesley, Mid-Levels, Hong Kong (artist's impression) Located in the prestigious Mid-Levels district, “Wellesley” is a 30-storey premier residential development and the market response was positive when it was offered for presale in January 2016. Construction of the superstructure is in progress. (*the Group’s interest is 50% after the allocation of the relevant residential units to each of the involved developers separately on a proportional basis under the “Deed of Mutual Grant and Covenant and Management Agreement”.) 45 Pottinger Street Central (19.10% owned) Site area 9,067 square feet Gross floor area 135,995 square feet Expected completion Second quarter of 2018 45 Pottinger Street, Central, Hong Kong (artist’s impression) This commercial project boasts a strategic location right at the heart of Central and is well-served by the MTR and other traffic arteries in the vicinity. Located very close to Lan Kwai Fong, popular with high net worth customers, it will create a tasteful shopping and entertainment community, adding further synergy to the fine dining and clubbing scene nearby. Construction has proceeded to the superstructure stage and it will be held for rental purpose upon its completion. Henderson Land Development Company Limited 46 Annual Report 2016 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Seven Victory Avenue 7 Victory Avenue Ho Man Tin (100% owned) Site area 9,865 square feet Gross floor area 83,245 square feet Residential units 250 Expected completion Third quarter of 2018 Seven Victory Avenue, Ho Man Tin, Hong Kong (artist’s impression) Adjacent to the upmarket residential neighbourhood of Kadoorie Hill and within easy reach of MTR Mong Kok East station, this 27-storey residential-cum-commercial development offers residents both tranquility and modern lifestyle convenience. Construction has proceeded to the superstructure stage and the sales performance has been satisfactory since its launch for pre-sale in October 2016. Park One 1, 3 Nam Cheong Street and 180 Tung Chau Street Cheung Sha Wan (100% owned) Site area 8,559 square feet Gross floor area 77,029 square feet Residential units 129 Expected completion Fourth quarter of 2018 Park One, Cheung Sha Wan, Hong Kong (artist’s impression) “Park One” is close to Tung Chau Street Park and Nam Cheong Park, allowing residents to embrace the lush environment of the neighbourhood. Besides, a shopping arcade and MTR station are both within walking distance, offering unrivalled living convenience to its residents. Superstructure work is in progress and this 38-storey residential-cum-commercial tower is meticulously designed to make the most of its magnificent sea views. It was put up for pre-sale in October 2016. Henderson Land Development Company Limited Annual Report 2016 47 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Yuen Long Town Lot No. 527 (79.03% owned) Site area 6,131 square feet Gross floor area 21,453 square feet Residential units 63 Expected completion First quarter of 2019 Yuen Long Town Lot No. 527, Yuen Long, Hong Kong (artist’s impression) Situated adjacent to the Group’s project “The Reach”, this site will be developed into a residential-cum-commercial tower. Foundation work is under way. 856 King’s Road North Point (100% owned) Site area 17,720 square feet Gross floor area 177,783 square feet Residential units 464 Expected completion First quarter of 2019 856 King’s Road, North Point, Hong Kong (artist’s impression) Located close to the MTR Quarry Bay station, this 32-storey residential-cum-commercial development will allow upper floor residences to enjoy panoramic views of the Victoria Harbour and lush greenery of Braemar Hill. Superstructure work has already commenced. Henderson Land Development Company Limited 48 Annual Report 2016 Review of Operations – Business in Hong Kong • Progress of Major Development Projects 8-30A Ka Shin Street Tai Kok Tsui (100% owned) Site area 19,519 square feet Gross floor area 175,555 square feet Residential units 514 Expected completion First quarter of 2019 8-30A Ka Shin Street, Tai Kok Tsui, Hong Kong (artist’s impression) Located next to the Group’s project “Eltanin • Square Mile” with the MTR Olympic station in its proximity, this commercial- cum-residential development is surrounded by a vibrant neighbourhood with various public facilities and shopping arcades.
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