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) 6,528 square feet 55,077 square feet 161 Completion 26 January 2018 Harbour Park, a 26-storey residential development, commands breathtaking views of Victoria Harbour and surrounding green parks. Metro Harbour Plaza, as well as another sizeable shopping mall under development, are both within walking distance, offering unrivalled living convenience to its residents. Only minutes from Nam Cheong MTR Station, the transport nexus of West Rail and Tung Chung lines, Harbour Park enjoys a comprehensive 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 Pottinger Street and the bustling thoroughfare of Lyndhurst Terrace, the project enjoys convenient access to public transport, including Central MTR Station and Airport Express Terminal. Construction of the superstructure work is close to complete 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. 9,067 square feet 135,995 square feet Second quarter of 2018 45 Pottinger Street, Central, Hong Kong 46 Annual Report 2017
Lot No. 1752 in DD No. 122, Tong Yan San Tsuen, Yuen Long (100% owned) 27,864 square feet 27,864 square feet 16 Surrounded by lush greenery in a tranquil environment, the site will be developed into 16 three-storey villas. Superstructure works are in progress. Lot No. 1752 in DD No. 122, Tong Yan San Tsuen, Yuen Long, Hong Kong Third quarter of 2018 Wellesley 23 Robinson Road, Mid-Levels (25.07% owned*) Located in the upscale Mid-Levels district, Wellesley is a 30-storey premier residential development and the 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.) 31,380 square feet 156,900 square feet 90 Third quarter of 2018 Wellesley, Mid-Levels, Hong Kong Annual Report 2017 47
Seven Victory Avenue 7 Victory Avenue, Ho Man Tin (100% owned) 9,865 square feet 83,245 square feet 250 Third quarter of 2018 Seven Victory Avenue is situated in a well-established district, which houses many prestigious and highly sought-after schools. Adjacent to the upmarket residential neighbourhood of Kadoorie Hill and within easy reach of Mong Kok East MTR station, this 27-storey boutique apartment tower offers residents both tranquility and modern lifestyle convenience. Construction has proceeded to the superstructure stage. Seven Victory Avenue, Ho Man Tin, Hong Kong 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 and Nam Cheong Park, allowing residents to embrace a refreshing and aesthetic environment. Shopping arcades and MTR stations are within walking distance, offering unparalleled living convenience to its residents. Superstructure works are in progress and this 38-storey residential-cum-commercial tower has been specially designed to maximise the magnificent sea views. 8,559 square feet 77,029 square feet 129 Fourth quarter of 2018 Park One, Cheung Sha Wan, Hong Kong 48 Annual Report 2017
PARK REACH 33 Shap Pat Heung Road (formerly known as project at Yuen Long Town Lot No. 527) (79.03% owned) 6,131 square feet 21,453 square feet 63 PARK REACH, Yuen Long, Hong Kong 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. Annual Report 2017 49
NOVUM EAST 856 King s Road, Quarry Bay (100% owned) 17,720 square feet 177,817 square feet 464 First quarter of 2019 Located close to the Quarry Bay MTR station, the interchange of Island Line and Tseung Kwan O Line, this 32-storey residential-cum-commercial development will allow upper floor residences to enjoy panoramic views of the Victoria Harbour and the lush greenery of Braemar Hill. Superstructure works are in progress. It was launched for presales in November 2017 with satisfactory market response. NOVUM EAST, Quarry Bay, Hong Kong 8-30A Ka Shin Street, Tai Kok Tsui (100% owned) Located next to the Group s Eltanin Square Mile with Olympic MTR station in its proximity, this commercial-cum-residential development is surrounded by a vibrant neighbourhood with various amenities and shopping arcades. Superstructure works are in progress. 19,610 square feet 176,315 square feet 514 Second quarter of 2019 8-30A Ka Shin Street, Tai Kok Tsui, Hong Kong 50 Annual Report 2017
Eden Manor 88 Castle Peak Road, Kwu Tung (100% owned) Eden Manor, Kwu Tung, Hong Kong 154,280 square feet 555,399 square feet 590 Second quarter of 2019 Located in a unique enclave with the Hong Kong Golf Club, Fanling Lodge and The Hong Kong Jockey Club Beas River Country Club in its proximity, Eden Manor comprises 25 villas and 8 residential towers. Thanks to the shimmering glass curtain walls that maximise light and visibility, residents can enjoy sprawling open 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 and it will be developed into a 26-storey boutique apartment tower with some ground-level retail shops. Some of the residential units on the upper level of the building will enjoy sweeping views as far as Lamma Island. 4,060 square feet 37,550 square feet 142 Second quarter of 2019 South Walk Aura, Aberdeen, Hong Kong Annual Report 2017 51
15 Middle Road, Tsim Sha Tsui (100% owned) 28,309 square feet 339,651 square feet Second quarter of 2019 15 Middle Road, Tsim Sha Tsui, Hong Kong 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. 52 Annual Report 2017
NOVUM WEST 460 Queen s Road West, Sai Ying Pun (100% owned) 28,027 square feet 272,439 square feet 645 Third quarter of 2019 Located right next to HKU MTR station with Western Harbour Tunnel in the proximity, NOVUM WEST enjoys convenient access to every part of the city. With many prestigious schools just steps way, this 35-storey development is complemented by duo residential clubhouses and a chic shopping mall to offer a vibrant living environment. 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 218 Electric Road, North Point (100% owned) The redevelopment of the former Newton Hotel Hong Kong will consist of a 22-storey Grade-A office tower and two floors of shops, supported by a podium garden and a two-level underground car park. Its foundation works are under way. With its prime location close to an MTR station, together with the innovative design and high specifications, this project is poised to feature as another landmark in the North Point commercial hub after the nearby AIA Tower. 9,600 square feet 143,997 square feet Fourth quarter of 2019 218 Electric Road, North Point, Hong Kong Annual Report 2017 53
Yuen Long Town Lot No. 524 (79.03% owned) 48,933 square feet 171,266 square feet 504 First quarter of 2020 Situated adjacent to the Group s PARK REACH project, which was highly soughtafter by buyers and sold out soon after its sales launch, this site will be developed into a residential development, providing 504 housing units. Surrounded by verdant greenery in a tranquil environment, superstructure works for this project are now in progress. Yuen Long Town Lot No. 524, Yuen Long, Hong Kong 206-212 Johnston Road, Wanchai (100% owned) The advantageous location of being close to Wanchai MTR station, together with its innovative design and state-of-the-art facilities make this office development a new benchmark in this business hub. Demolition of the existing structure has begun. 4,339 square feet 65,083 square feet Second quarter of 2020 206-212 Johnston Road, Wanchai, Hong Kong 54 Annual Report 2017
342-354 Un Chau Street, Cheung Sha Wan (100% owned) 8,013 square feet 67,847 square feet 176 Fourth quarter of 2020 342-354 Un Chau Street, Cheung Sha Wan, Hong Kong Adjacent to Cheung Sha Wan MTR station, this project enjoys an array of amenities (such as museum, sports ground and shopping arcade) in its neighbourhood. Foundation works have been progressing well and it will be developed into a quality residential-cum-commercial property. Annual Report 2017 55
Review of Operations Business in Hong Kong Location of Various Categories of Development Projects Sheung Shui Major Development Projects with Unsold Units Offered for Sale 1 Eden Manor 2 Double Cove Phases 1-5 3 NOVUM EAST 4 NOVUM WEST 5 Wellesley 6 High Park Grand 7 Seven Victory Avenue 8 Park One 9 Hill Paramount 10 The Reach 11 Green Lodge 12 H Bonaire 25 South Walk Aura 26 8-30A Ka Shin Street, Tai Kok Tsui 27 Lot No. 1752 in DD No. 122 Tong Yan San Tsuen, Yuen Long 28 Yuen Long Town Lot No. 524 29 57-69 Ma Tau Wai Road, 2-20 Bailey Street and 18A-30 Sung Chi Street, To Kwa Wan 30 342-354 Un Chau Street, Cheung Sha Wan 31 45 Pottinger Street, Central 32 218 Electric Road, North Point 33 29A Lugard Road, The Peak 34 Yau Tong Bay 13 Green Code 14 PARKER33 15 Eltanin Square Mile 16 High One Grand 17 High One 18 Jones Hive 19 Harbour Park 20 High Point 21 Global Gateway Tower 22 The Globe 23 E-Trade Plaza 24 Mega Cube Projects Pending Sale in 2018 Existing Urban Redevelopment Projects Newly-acquired Urban Redevelopment Projects Ownership Fully Consolidated 35 1-19 Chung Ching Street and 21 Ki Ling Lane, Sheung Wan 36 1-4 Ladder Street Terrace, Sheung Wan 37 206-212 Johnston Road, Wanchai 38 17 Wood Road, Wanchai 39 85-95 Shek Pai Wan Road, Aberdeen 40 62C Robinson Road and 6 Seymour Terrace, Mid-Levels 41 4A-4P Seymour Road, Mid-Levels 42 73-73E Caine Road, Mid-Levels 43 98-100 Robinson Road, Mid-Levels 44 2 Tai Cheong Street, Sai Wan Ho 45 65-71 Main Street, Ap Lei Chau 46 2A-2F Tak Shing Street, Jordan 47 25-29 Kok Cheung Street, Tai Kok Tsui 48 35-47 Li Tak Street, 2-16 Kok Cheung Street and 32-44 Fuk Chak Street, Tai Kok Tsui Newly-acquired Urban Redevelopment Projects with 80% or above Ownership Secured 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 49 50 51 52 53 54 55 56 57 58 59 13-15 Wood Road, Wanchai 83 Shek Pai Wan Road, Aberdeen 4-6 Tin Wan Street, Aberdeen 9-13 Sun Chun Street, Tai Hang 17-25 Sun Chun Street, Tai Hang 983-987A King s Road and 16-94 Pan Hoi Street, Quarry Bay 88 Robinson Road, Mid-Levels 94-96 Robinson Road, Mid-Levels 105 Robinson Road, Mid-Levels 1 Ka Shin Street, 39-53 Tai Kok Tsui Road and 2 Pok Man Street, Tai Kok Tsui 177-183 Tai Kok Tsui Road, Tai Kok Tsui 189-199 Tai Kok Tsui Road, Tai Kok Tsui 16-30 Man On Street, Tai Kok Tsui Airport Tuen Mun 17-27 Berwick Street, Shek Kip Mei 1-2 and 9-12 Yiu Tung Street, Shek Kip Mei 1-11C and 19-21C Whampoa Street and 80-86 Baker Street, Hung Hom 23-29 and 35-37 Whampoa Street and 79-81 Baker Street, Hung Hom 14-20 Bulkeley Street and 46-50 Gillies Avenue South, Hung Hom 2-12 and 18-24 Gillies Avenue South, Hung Hom 2-16A Whampoa Street, Hung Hom 22-24 Whampoa Street and 88-90A Baker Street, Hung Hom 30-44 Gillies Avenue South and 75-77 Baker Street, Hung Hom 26-40A Whampoa Street and 83-85 Baker Street, Hung Hom 68A-70C To Kwa Wan Road, 14-16 Ha Heung Road, 1-7 Lai Wa Street and 2-8 Mei Wa Street, To Kwa Wan 8-22 Nam Kok Road, Kowloon City 11-19 Wing Lung Street, Cheung Sha Wan 456-466 Sai Yeung Choi Street North and 50-56 Wong Chuk Street, Sham Shui Po 1-15 Berwick Street and 202-220 Nam Cheong Street, Shek Kip Mei 3-8 Yiu Tung Street, Shek Kip Mei 15-17A Whampoa Street, Hung Hom 31-33 Whampoa Street, Hung Hom Tung Chung Lantau Island 39-41 Whampoa Street and 12A-12B and 22-22A Bulkeley Street, Hung Hom 14-16 and 26-28 Gillies Avenue South and 76-78 Baker Street, Hung Hom 67-83 Fuk Lo Tsun Road, Kowloon City 4-6 Nam Kok Road, Kowloon City 74-74C Waterloo Road and 15-25 Yau Moon Street, Ho Man Tin 27 11 10 28 Yuen Long Lok Ma Chau Tsuen Wan Tsing Yi Existing Line MTR Tung Chung Cable Car Light Rail Route 3 Cross Harbour Tunnel 1 Tai Po New Territories 13 9 17 49 74 52 21 22 30 16 73 51 50 19 20 8 6 58 84 48 71 57 26 Kowloon 47 70 69 29 15 7 24 72 83 46 59 78 75 56 7753 81 79 80 76 55 54 34 82 66 40 4 67 38 37 36 18 68 35 31 60 32 43 41 42 5 62 25 61 39 Fanling 12 45 33 Shatin Network Extensions In Progress Guangzhou Shenzhen Hong Kong Express Rail Link Shatin to Central Link 64 3 63 65 Quarry Bay Hong Kong Island 14 44 23 2 Sai Kung Ma On Shan Tseung Kwan O 56 Annual Report 2017 Annual Report 2017 57