Chun Wo Property Development, a subsidiary of the Group, has successfully acquired the site at Tseng Choi Street at a land premium of HK $232.8 million with a joint venture partner, Excel Billion Corporation Limited through government tender in May 2014. Chun Wo owns 60% beneficial interest and will be responsible for the management, design, construction, sales and property management services by adopting its one-stop project development strategy.
The site is located at Tseng Choi Street, Area 4, Tuen Mun. Total site area is approximately 23,700 ft2 (2,202 m2). It is a residential & commercial composite development with a total gross floor area of about 148,000 ft2 (13,750 m2), including an elderly home & day care center as required under the Lease Condition. The project is to be completed in Q4 2017, while pre-sale is expected to be launched in 2016 Q3. The target buyers are the “first-time buyer” youth group.
With lots of ongoing infrastructural projects in Tuen Mun, such as Tuen Mun area - Chep Lap Kok Link and Tuen Mun Western Bypass, Tuen Mun will then be directly linked to the Hong Kong Airport, HK-Zhuhai-Macao Bridge and Kong Sham Western Highway, the Group is confident in the property market in Tuen Mun area and this development.
Chun Wo Property Development, a subsidiary of the Group, has successfully acquired the site at Tseng Choi Street at a land premium of HK $232.8 million with a joint venture partner, Excel Billion Corporation Limited through government tender in May 2014. Chun Wo owns 60% beneficial interest and will be responsible for the management, design, construction, sales and property management services by adopting its one-stop project development strategy.
The site is located at Tseng Choi Street, Area 4, Tuen Mun. Total site area is approximately 23,700 ft2 (2,202 m2). It is a residential & commercial composite development with a total gross floor area of about 148,000 ft2 (13,750 m2), including an elderly home & day care center as required under the Lease Condition. The project is to be completed in Q4 2017, while pre-sale is expected to be launched in 2016 Q3. The target buyers are the “first-time buyer” youth group.
With lots of ongoing infrastructural projects in Tuen Mun, such as Tuen Mun area - Chep Lap Kok Link and Tuen Mun Western Bypass, Tuen Mun will then be directly linked to the Hong Kong Airport, HK-Zhuhai-Macao Bridge and Kong Sham Western Highway, the Group is confident in the property market in Tuen Mun area and this development.
Chun Wo Property Development, a subsidiary of the Group, has successfully acquired the site at Tseng Choi Street at a land premium of HK $232.8 million with a joint venture partner, Excel Billion Corporation Limited through government tender in May 2014. Chun Wo owns 60% beneficial interest and will be responsible for the management, design, construction, sales and property management services by adopting its one-stop project development strategy.
The site is located at Tseng Choi Street, Area 4, Tuen Mun. Total site area is approximately 23,700 ft2 (2,202 m2). It is a residential & commercial composite development with a total gross floor area of about 148,000 ft2 (13,750 m2), including an elderly home & day care center as required under the Lease Condition. The project is to be completed in Q4 2017, while pre-sale is expected to be launched in 2016 Q3. The target buyers are the “first-time buyer” youth group.
With lots of ongoing infrastructural projects in Tuen Mun, such as Tuen Mun area - Chep Lap Kok Link and Tuen Mun Western Bypass, Tuen Mun will then be directly linked to the Hong Kong Airport, HK-Zhuhai-Macao Bridge and Kong Sham Western Highway, the Group is confident in the property market in Tuen Mun area and this development.