Hong Kong Properties

 

Peak Portfolio

Wharf's Peak Portfolio redefines the concept of luxury living with a collection of the rarest and most prestigious residences nestled on the Peak, epitomising a unique and exclusive lifestyle at the most sought-after addresses in town.

Mount Nicholson, a 50:50 joint venture development completed in 2016, has made headlines to break one price record after another. It features the finest selection of ultra-luxury residences commanding uninterrupted views of Victoria Harbour.

Superstructure works for the re-development of 11 Plantation Road (seven houses) and 77 Peak Road (eight houses) were completed in 2017 and for the re-development of 1 Plantation Road (20 houses) are in progress. Chelsea Court and Strawberry Hill have been leasing well.

The Group's Peak Portfolio

Mount Nicholson (50% owned, JV) 62,000
1 Plantation Road 91,000  
11 Plantation Road 46,300  
77 Peak Road 42,200  
Chelsea Court 43,000  
Strawberry Hill 13,000  
  Total 297,500  

 

Kowloon East Waterfront Portfolio and Others

Kowloon East Waterfront Portfolio

Kowloon East Waterfront Portfolio in the vibrant CBD2 under the Government's "Energising Kowloon East" initiative is another focus of the Group. It showcases a rare collection of premier developments that span a 500-metre coastline and enjoy a spectacular harbour view.

It includes Kowloon Godown (pending re-development), 8 Bay East (an office tower under development), and parent company Wheelock's One Bay East.

In late 2017, the Group disposed of the wholly-owned subsidiary that owns the 8 Bay East Project for HK$9 billion, which marked the largest en-bloc office transaction in Kowloon.

Kowloon Godown comprises a warehouse and an open yard with an existing operating GFA of one million square feet. Different re-development options are under evaluation.

The 15%-owned Yau Tong Bay joint venture project is prominently located in close proximity to the MTR station and fronts Victoria Harbour with a compelling panoramic view. The development features a total GFA of four million square feet to provide 6,300 residential units. General building plans have been approved. Lease modification is under way.


New Land Site in Kowloon Tong

A residential development site in Kowloon Tong was acquired in a public tender in January 2018 for HK$12.5 billion. With total developable GFA of 436,000 square feet, the site is strategically located at the junction of Lion Rock Tunnel Road and Lung Cheung Road, adjacent to the traditional luxury residential area of Beacon Hill with a prestigious school network. It is poised to become an exquisite living destination in the Kowloon Peninsula.

Hong Kong Properties List:

Kowloon East Waterfront Portfolio
Kowloon Godown   *   1,032,000
Yau Tong Bay (15% owned, JV)     * 601,000  
Peninsula East *     42,600  
Non-Core
Cable TV Tower Units *     566,000  
Kowloon Tong Portfolio
Kowloon Tong Residential Project     * 436,000  


 

 


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