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

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Kowloon Bay, Hong Kong Review of Operations – Business in Hong Kong Progress of Major Development Projects MEGA CUBE Kowloon Bay, 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 2020 Harbour Park 208 Tung Chau Street, Cheung Sha Wan (33.41% owned) Site area “Harbour Park”, a 26-storey residential development, 6,528 square feet commands breathtaking views of Victoria Harbour and surrounding green parks. Metro Harbour Plaza, Gross floor area as well as another sizeable shopping mall under 55,077 square feet development, are both within walking distance, Residential units offering unrivalled living convenience to its 161 residents. Only minutes from Nam Cheong MTR Station, the transport nexus of West Rail and Tung Completion Chung lines, “Harbour Park” enjoys a comprehensive 26 January 2018 transportation network and close proximity to the future Express Rail Link West Kowloon Station. Harbour Park, Cheung Sha Wan, Hong Kong 45 Pottinger Street, Central (19.10% owned) Situated at the intersection of the historical Site area Pottinger Street and the bustling thoroughfare 9,067 square feet of Lyndhurst Terrace, the project enjoys Gross floor area convenient access to public transport, 135,995 square feet including Central MTR Station and Airport Express Terminal. Construction of the Expected completion superstructure work is close to complete Second quarter of 2018 and it will become a tasteful shopping and fine dining community, bringing vibrancy to the heart of SOHO. This commercial development will be held for rental purpose upon completion. 45 Pottinger Street, Central, Hong Kong (artist’s impression) Henderson Land Development Company Limited 46 Annual Report 2017 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Lot No. 1752 in DD No. 122, Tong Yan San Tsuen, Yuen Long (100% owned) Site area Surrounded by lush greenery in a 27,864 square feet tranquil environment, the site will be developed into 16 three-storey Gross floor area villas. Superstructure works are in 27,864 square feet progress. Residential units 16 Lot No. 1752 in DD No. 122, Tong Yan San Tsuen, Yuen Long, Hong Kong (artist’s impression) Expected completion Third quarter of 2018 Wellesley 23 Robinson Road, Mid-Levels (25.07% owned*) Located in the upscale Mid-Levels Site area district, “Wellesley” is a 30-storey 31,380 square feet premier residential development and Gross floor area the construction of the superstructure 156,900 square feet is in progress. Residential units (* the Group’s interest is 50% after 90 the allocation of the relevant residential units to each of the Expected completion involved developers separately on a Third quarter of 2018 proportional basis under the “Deed of Mutual Grant and Covenant and Management Agreement”.) Wellesley, Mid-Levels, Hong Kong (artist’s impression) Henderson Land Development Company Limited Annual Report 2017 47 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 “Seven Victory Avenue” is situated in a 9,865 square feet well-established district, which houses many prestigious and highly sought-after Gross floor area schools. Adjacent to the upmarket 83,245 square feet residential neighbourhood of Kadoorie Residential units Hill and within easy reach of Mong Kok 250 East MTR station, this 27-storey boutique apartment tower offers residents both Expected completion tranquility and modern lifestyle Third quarter of 2018 convenience. Construction has proceeded to the superstructure stage. Seven Victory Avenue, Ho Man Tin, Hong Kong (artist’s impression) Park One 1, 3 Nam Cheong Street and 180 Tung Chau Street, Cheung Sha Wan (100% owned) “Park One” is close to Tung Chau Street Park Site area and Nam Cheong Park, allowing residents to 8,559 square feet embrace a refreshing and aesthetic environment. Gross floor area Shopping arcades and MTR stations are within 77,029 square feet walking distance, offering unparalleled living convenience to its residents. Superstructure Residential units works are in progress and this 38-storey 129 residential-cum-commercial tower has been specially designed to maximise the magnificent Expected completion Fourth quarter of 2018 sea views. Park One, Cheung Sha Wan, Hong Kong (artist’s impression) Henderson Land Development Company Limited 48 Annual Report 2017 Review of Operations – Business in Hong Kong • Progress of Major Development Projects PARK REACH 33 Shap Pat Heung Road (formerly known as project at 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 PARK REACH, Yuen Long, Hong Kong (artist’s impression) Expected completion First quarter of 2019 Situated adjacent to the Group’s project “The Reach”, this site will be developed into a 8-storey residential-cum-commercial development. Superstructure works are under way. This residential development was well received by buyers at its launch in December 2017 with all its 63 boutique apartment units sold out on the first day of its release. Henderson Land Development Company Limited Annual Report 2017 49 Review of Operations – Business in Hong Kong • Progress of Major Development Projects NOVUM EAST 856 King’s Road, Quarry Bay (100% owned) Site area Located close to the Quarry Bay MTR 17,720 square feet station, the interchange of Island Line and Tseung Kwan O Line, this 32-storey Gross floor area residential-cum-commercial development 177,817 square feet will allow upper floor residences to enjoy Residential units panoramic views of the Victoria Harbour 464 and the lush greenery of Braemar Hill. Superstructure works are in progress. It was Expected completion launched for presales in November 2017 First quarter of 2019 with satisfactory market response. NOVUM EAST, Quarry Bay, Hong Kong (artist’s impression) 8-30A Ka Shin Street, Tai Kok Tsui (100% owned) Located next to the Group’s “Eltanin • Square Site area Mile” with Olympic MTR station in its 19,610 square feet proximity, this commercial-cum-residential Gross floor area development is surrounded by a vibrant 176,315 square feet neighbourhood with various amenities and shopping arcades. Superstructure works are Residential units in progress. 514 Expected completion Second quarter of 2019 8-30A Ka Shin Street, Tai Kok Tsui, Hong Kong (artist’s impression) Henderson Land Development Company Limited 50 Annual Report 2017 Review of Operations – Business in Hong Kong • Progress of Major Development Projects Eden Manor 88 Castle Peak Road, Kwu Tung (100% owned) Site area Located in a unique enclave with the 154,280 square feet Hong Kong Golf Club, Fanling Lodge and The Hong Kong Jockey Club – Gross floor area Beas River Country Club in its 555,399 square feet proximity, “Eden Manor” comprises Residential units 25 villas and 8 residential towers. 590 Thanks to the shimmering glass curtain walls that maximise light and visibility, Expected completion residents can enjoy sprawling open Second quarter of 2019 Eden Manor, Kwu Tung, Hong Kong (artist’s impression) views of lush greenery. Construction has proceeded to the superstructure stage and it was launched for pre-sales in March 2017. South Walk • Aura 12 Tin Wan Street, Aberdeen (100% owned) Superstructure works are in progress Site area and it will be developed into a 4,060 square feet 26-storey boutique apartment tower Gross floor area with some ground-level retail 37,550 square feet shops. Some of the residential units on the upper level of the building Residential units will enjoy sweeping views as far as 142 Lamma Island. Expected completion Second quarter of 2019 South Walk • Aura, Aberdeen, Hong Kong (artist’s impression) Henderson Land Development Company Limited Annual Report 2017 51 Review of Operations – Business in Hong Kong • Progress of Major Development Projects 15 Middle Road, Tsim Sha Tsui (100% owned) Site area 28,309 square feet Gross floor area 339,651 square feet Expected completion Second quarter of 2019 15 Middle Road, Tsim Sha Tsui, Hong Kong (artist’s impression) The project at “15 Middle Road” atop East Tsim Sha Tsui MTR station, which is just one stop from the forthcoming Express Rail Link West Kowloon Station, will be developed into a Ginza-style commercial property, comprising medical, dining, retail and carparking facilities. Its purpose-built medical floors, which are designed by a team of professional medical design consultants, will be equipped with various advanced facilities (such as an air purification system and back-up power supply) so as to meet various medical requirements. The podium carpark will have access to retail floors, allowing greater convenience for shoppers. In addition, it features quality restaurants on its uppermost floors, bringing customers not only an unparalleled dining experience, but also a fascinating view of Victoria Harbour. This 340,000-square-foot development is scheduled for completion in 2019 and pre-marketing is under way. Henderson Land Development Company Limited 52 Annual Report 2017 Review of Operations – Business in Hong Kong • Progress of Major Development Projects NOVUM WEST 460 Queen’s Road West, Sai Ying Pun (100% owned) Site area Located right next to “HKU” MTR station 28,027 square feet with Western Harbour Tunnel in the proximity, NOVUM WEST enjoys Gross floor area convenient access to every part of the 272,439 square feet city. With many prestigious schools Residential units just steps way, this 35-storey development 645 is complemented by duo residential clubhouses and a chic shopping mall to Expected completion offer a vibrant living environment. Third quarter of 2019 Superstructure works are in progress and it was launched for pre-sales in May 2017 with positive market response. NOVUM WEST, Sai Ying Pun, Hong Kong (artist’s impression) 218 Electric Road, North Point (100% owned) The redevelopment of the former “Newton Site area Hotel Hong Kong” will consist of a 9,600 square feet 22-storey Grade-A office tower and two Gross floor area floors of shops, supported by a podium 143,997 square feet garden and a two-level underground car park.
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