kowloon bay, hong kong · park reach 33 shap pat heung road (formerly known as project at yuen long...
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Harbour Park208 Tung Chau Street, Cheung Sha Wan (33.41% owned)
45 Pottinger Street, Central(19.10% owned)
Status of property developments with anticipated completion during the period to the end of 2020
Harbour Park, Cheung Sha Wan, Hong Kong
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.
“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.
Site area6,528 square feet
Gross floor area55,077 square feet
Residential units161
Completion26 January 2018
Site area9,067 square feet
Gross floor area135,995 square feet
Expected completionSecond quarter of 2018
45 Pottinger Street, Central, Hong Kong (artist’s impression)
Review of Operations – Business in Hong Kong
Progress of Major Development Projects
Henderson Land Development Company LimitedAnnual Report 201746
Wellesley23 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”.)
Site area31,380 square feet
Gross floor area156,900 square feet
Residential units90
Expected completionThird quarter of 2018
Wellesley, Mid-Levels, Hong Kong (artist’s impression)
Lot No. 1752 in DD No. 122, Tong Yan San Tsuen, Yuen Long(100% owned)
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 (artist’s impression)
Site area27,864 square feet
Gross floor area27,864 square feet
Residential units16
Expected completionThird quarter of 2018
Henderson Land Development Company LimitedAnnual 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)
Seven Victory Avenue, Ho Man Tin, Hong Kong (artist’s impression)
“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.
Site area9,865 square feet
Gross floor area83,245 square feet
Residential units250
Expected completionThird quarter of 2018
Park One1, 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.
Park One, Cheung Sha Wan, Hong Kong (artist’s impression)
Site area8,559 square feet
Gross floor area77,029 square feet
Residential units129
Expected completionFourth quarter of 2018
Henderson Land Development Company LimitedAnnual Report 201748
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
PARK REACH33 Shap Pat Heung Road (formerly known as project at Yuen Long Town Lot No. 527) (79.03% owned)
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.
PARK REACH, Yuen Long, Hong Kong (artist’s impression)
Site area6,131 square feet
Gross floor area21,453 square feet
Residential units63
Expected completionFirst quarter of 2019
Henderson Land Development Company LimitedAnnual Report 2017 49
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
8-30A Ka Shin Street, Tai Kok Tsui (100% owned)
8-30A Ka Shin Street, Tai Kok Tsui, Hong Kong (artist’s impression)
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.
Site area19,610 square feet
Gross floor area176,315 square feet
Residential units514
Expected completionSecond quarter of 2019
NOVUM EAST856 King’s Road, Quarry Bay (100% owned)
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 (artist’s impression)
Site area17,720 square feet
Gross floor area177,817 square feet
Residential units464
Expected completionFirst quarter of 2019
Henderson Land Development Company LimitedAnnual Report 201750
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
Eden Manor88 Castle Peak Road, Kwu Tung (100% owned)
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 • Aura12 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.
South Walk • Aura, Aberdeen, Hong Kong (artist’s impression)
Site area4,060 square feet
Gross floor area37,550 square feet
Residential units142
Expected completionSecond quarter of 2019
Site area154,280 square feet
Gross floor area555,399 square feet
Residential units590
Expected completionSecond quarter of 2019
Eden Manor, Kwu Tung, Hong Kong (artist’s impression)
Henderson Land Development Company LimitedAnnual Report 2017 51
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
15 Middle Road, Tsim Sha Tsui(100% owned)
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.
15 Middle Road, Tsim Sha Tsui, Hong Kong (artist’s impression)
Site area28,309 square feet
Gross floor area339,651 square feet
Expected completionSecond quarter of 2019
Henderson Land Development Company LimitedAnnual Report 201752
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
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”.
218 Electric Road, North Point, Hong Kong (artist’s impression)
Site area9,600 square feet
Gross floor area143,997 square feet
Expected completionFourth quarter of 2019
NOVUM WEST460 Queen’s Road West, Sai Ying Pun (100% owned)
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.
Site area28,027 square feet
Gross floor area272,439 square feet
Residential units645
Expected completionThird quarter of 2019
NOVUM WEST, Sai Ying Pun, Hong Kong (artist’s impression)
Henderson Land Development Company LimitedAnnual Report 2017 53
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
Yuen Long Town Lot No. 524(79.03% owned)
Situated adjacent to the Group’s “PARK REACH” project, which was highly sought-after 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 (artist’s impression)
Site area48,933 square feet
Gross floor area171,266 square feet
Residential units504
Expected completionFirst quarter of 2020
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.
Site area4,339 square feet
Gross floor area65,083 square feet
Expected completionSecond quarter of 2020
206-212 Johnston Road, Wanchai, Hong Kong (artist’s impression)
Henderson Land Development Company LimitedAnnual Report 201754
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
342-354 Un Chau Street, Cheung Sha Wan(100% owned)
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.
342-354 Un Chau Street, Cheung Sha Wan, Hong Kong (artist’s impression)
Site area8,013 square feet
Gross floor area67,847 square feet
Residential units176
Expected completionFourth quarter of 2020
Henderson Land Development Company LimitedAnnual Report 2017 55
Review of Operations – Business in Hong Kong • Progress of Major Development Projects
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Tuen Mun
Sheung Shui
Tai Po
Shatin
Ma On ShanSai Kung
TsingYi
Quarry Bay
Tsuen Wan
FanlingLok Ma Chau
Yuen Long
Tseung Kwan O
Tung Chung
Lantau Island
Airport
New Territories
Kowloon
Hong Kong IslandMTRTung Chung Cable CarLight RailRoute 3Cross Harbour Tunnel
Existing Line
Guangzhou – Shenzhen – Hong Kong Express Rail LinkShatin to Central Link
Network Extensions In Progress
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Eden ManorDouble Cove – Phases 1-5NOVUM EASTNOVUM WESTWellesleyHigh Park GrandSeven Victory AvenuePark OneHill ParamountThe Reach Green LodgeH • Bonaire
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South Walk • Aura8-30A Ka Shin Street, Tai Kok TsuiLot No. 1752 in DD No. 122 Tong Yan San Tsuen, Yuen Long Yuen Long Town Lot No. 52457-69 Ma Tau Wai Road, 2-20 Bailey Street and 18A-30 Sung Chi Street, To Kwa Wan342-354 Un Chau Street, Cheung Sha Wan
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45 Pottinger Street, Central218 Electric Road, North Point29A Lugard Road, The PeakYau Tong Bay
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Green CodePARKER33Eltanin • Square MileHigh One GrandHigh OneJones HiveHarbour ParkHigh PointGlobal Gateway TowerThe GlobeE-Trade PlazaMega Cube
60616263646566676869
707172737475
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77787980818283
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13-15 Wood Road, Wanchai83 Shek Pai Wan Road, Aberdeen4-6 Tin Wan Street, Aberdeen9-13 Sun Chun Street, Tai Hang17-25 Sun Chun Street, Tai Hang983-987A King’s Road and 16-94 Pan Hoi Street, Quarry Bay 88 Robinson Road, Mid-Levels94-96 Robinson Road, Mid-Levels105 Robinson Road, Mid-Levels1 Ka Shin Street, 39-53 Tai Kok Tsui Road and 2 Pok Man Street, Tai Kok Tsui177-183 Tai Kok Tsui Road, Tai Kok Tsui189-199 Tai Kok Tsui Road, Tai Kok Tsui16-30 Man On Street, Tai Kok Tsui17-27 Berwick Street, Shek Kip Mei1-2 and 9-12 Yiu Tung Street, Shek Kip Mei1-11C and 19-21C Whampoa Street and 80-86 Baker Street, Hung Hom23-29 and 35-37 Whampoa Street and 79-81 Baker Street, Hung Hom14-20 Bulkeley Street and 46-50 Gillies Avenue South, Hung Hom2-12 and 18-24 Gillies Avenue South, Hung Hom2-16A Whampoa Street, Hung Hom22-24 Whampoa Street and 88-90A Baker Street, Hung Hom30-44 Gillies Avenue South and 75-77 Baker Street, Hung Hom26-40A Whampoa Street and 83-85 Baker Street, Hung Hom68A-70C To Kwa Wan Road, 14-16 Ha Heung Road, 1-7 Lai Wa Street and 2-8 Mei Wa Street, To Kwa Wan8-22 Nam Kok Road, Kowloon City
3536373839404142434445464748
1-19 Chung Ching Street and 21 Ki Ling Lane, Sheung Wan1-4 Ladder Street Terrace, Sheung Wan206-212 Johnston Road, Wanchai17 Wood Road, Wanchai85-95 Shek Pai Wan Road, Aberdeen62C Robinson Road and 6 Seymour Terrace, Mid-Levels4A-4P Seymour Road, Mid-Levels 73-73E Caine Road, Mid-Levels98-100 Robinson Road, Mid-Levels2 Tai Cheong Street, Sai Wan Ho65-71 Main Street, Ap Lei Chau2A-2F Tak Shing Street, Jordan25-29 Kok Cheung Street, Tai Kok Tsui35-47 Li Tak Street, 2-16 Kok Cheung Street and 32-44 Fuk Chak Street, Tai Kok Tsui
4950
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11-19 Wing Lung Street, Cheung Sha Wan456-466 Sai Yeung Choi Street North and 50-56 Wong Chuk Street, Sham Shui Po1-15 Berwick Street and 202-220 Nam Cheong Street, Shek Kip Mei3-8 Yiu Tung Street, Shek Kip Mei15-17A Whampoa Street, Hung Hom31-33 Whampoa Street, Hung Hom39-41 Whampoa Street and 12A-12B and 22-22A Bulkeley Street, Hung Hom14-16 and 26-28 Gillies Avenue South and 76-78 Baker Street, Hung Hom67-83 Fuk Lo Tsun Road, Kowloon City4-6 Nam Kok Road, Kowloon City74-74C Waterloo Road and 15-25 Yau Moon Street, Ho Man Tin
Major Development Projects withUnsold Units Offered for Sale
Newly-acquired Urban Redevelopment Projects – with 80% or above Ownership Secured
Projects Pending Sale in 2018
Existing UrbanRedevelopment Projects
Newly-acquired Urban Redevelopment Projects –Ownership Fully Consolidated
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64
61
56 7779
27
43
666768 60
45
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Review of Operations – Business in Hong Kong
Location of Various Categories of Development Projects
Henderson Land Development Company LimitedAnnual Report 2017
Henderson Land Development Company LimitedAnnual Report 201756 57