Hong Kong Properties

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.

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.

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

A Collection of Luxurious Residences on the Peak

Project Name Status Attributable GFA (sq.ft)
Mount Nicholson (50% owned JV) Sales 50,000*
1 Plantation Road Redevelopment 91,000
11 Plantation Road Redevelopment 46,000
77 Peak Road Redevelopment 42,000
Chelsea Court Lease 43,000
Strawberry Hill Lease 13,000
Total 285,000

* 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 four blocks of 13-storey residential buildings. Foundation work is in progress.

Kowloon East 

With an aim of creating another core business district for Hong Kong, the Government’s visionary “Energising Kowloon East” initiative is gradually beginning to bear fruit. The enhanced integration and connectivity position the district to benefit from the ongoing trend towards office decentralisation in the city. The Group’s Kowloon East projects, comprising Kowloon Godown and 15%-owned Yau Tong Bay joint-venture project at the harbourfront, are poised to tap the massive potential from this vibrant transformation.

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 over 6,300 residential units. General building plans have been approved. Lease modification is under way.

 

Project Name Commercial Industrial Residential Status Attributable GFA(sq.ft)
Kowloon Godown Redevelopment 1,032,000
Yau Tong Bay (15% owned JV) Development 611,000
Peninsula East Sales 43,000
Cable TV Tower Units Lease 566,000
Kowloon Tong Residential Project Development 436,000