The Peak Portfolio
The 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.
As a veteran developer of bespoke luxury projects on the Peak, the Group acquired a site on Mansfield Road for HK$12 billion in December 2020, followed by the acquisition of a second and adjoining Mansfield Road site by a 50%-owned joint venture for HK$7.25 billion in February 2021, both through government tenders. These additions doubled the Group’s attributable land bank on The Peak to nearly 600,000 square feet.
Mount Nicholson, a 50:50 joint venture development completed in 2016, offers coveted residences with an enchanting and uninterrupted view over Victoria Harbour. This collection of 19 ultra-luxury houses and 48 apartments nestled on the Peak has been highly-acclaimed since its launch in early 2016.
Sale of 77/79 Peak Road, comprising six houses for sale and two houses for lease, commenced in early 2021 on a targeted basis. The first five houses were sold for a total of HK$3 billion at up to HK$92,100 per square foot, with four houses booked in the first half of 2021.
A Collection of Luxurious Residences on the Peak
|Project Name||Status||Attributable GFA (sq.ft)|
|No 2-8 Mansfield Road Project||Development||259,000|
|No 9, 11 Mansfield Road Project (50% owned JV)||Development||72,500|
|Mount Nicholson (50% owned JV)||Sales||30,500*|
|1 Plantation Road||Re-development||91,000|
|11 Plantation Road||Lease||46,300|
|77/79 Peak Road||Sales||21,200|
* Net of recognised sales
Kowloon Tong Residential Project and Kowloon East
Kowloon Tong Residential Project
A residential development site in Kowloon Tong was acquired in a public tender in January 2018 for HK$12.5 billion. This residential site commands a fantastic view towards Kowloon Peninsula with its prime location at the junction of Lion Rock Tunnel Road and Lung Cheung Road, adjacent to the traditional luxury residential cluster of Beacon Hill with a prestigious school network. With a total developable GFA of 436,000 square feet, approval has been granted to build two blocks of 15-storey and two blocks of 17-storey residential buildings.
Under transformation into the second core business district in Hong Kong, huge potential is to be unlocked with enhanced connectivity and development in Kowloon East. The portfolio comprises sites with fantastic harbour view, including Kowloon Godown in Kowloon Bay, a 30%-owned Kai Tak site at the former airport’s runway, and the 15%-owned Yau Tong Bay project.
|Project Name||Commercial||Industrial||Residential||Status||Attributable GFA(sq.ft)|
|Kowloon Godown||Planning for re-development||1,032,000|
|Yau Tong Bay (15% owned JV)||Development||611,400|
|Kai Tak Residential Project (30% owned JV)||Development||361,500|
|Kowloon Tong Residential Project||Development||436,400|