Wheelock Group has secured approval for the redevelopment of a plot in Tai Po Kau, where it plans to construct multiple residential towers, including 8 residential blocks spanning 6 to 12 stories, 4 residential buildings with recreational facilities for residents, and 7 standalone houses. This massive project is expected to provide citizens with a total residential space of 226,000 square feet.
Meanwhile, CITIC Pacific has received the green light for a plot on Lai Hong Street in Kwai Chung, where it will build two 21-story residential towers with comprehensive recreational facilities for residents, including dormitories for severely mentally handicapped individuals, a daytime activity center, and a public transport terminus. The total gross floor area of this integrated project is approximately 265,696 square feet, enhancing the living experience for the community.
On another front, Henderson Land Development is gearing up for significant developments at 3-9 Fenwick Street in Quarry Bay. With approval granted, the plot will be redeveloped into a 26-story mixed-use building comprising residential units and related recreational facilities. The total gross floor area of the new building is around 38,992 square feet, primarily dedicated to residential purposes, providing residents with modern living spaces.
Henderson Land Development's development plan at 88 Robinson Road in Mid-Levels West has also seen progress, with approval for the addition of 4 more floors, raising the building height to 20 stories (with 2 additional lower basement levels). Compared to the previous plan, the residential gross floor area has increased from 49,616 square feet to approximately 55,666 square feet. Additionally, a development project at 43 Hennessy Road in Wan Chai has been approved to construct a 25-story residential building with a total gross floor area of about 58,594 square feet, adding a modern urban outlook to the area.
In the commercial real estate sector, the old plot at 9-19 Pottinger Street in Central has been approved for the construction of a 22-story commercial building (with an additional basement level), with a total gross floor area of about 65,706 square feet. The project, acquired by individuals affiliated with New World Group, signals the future prosperity of business activities. Furthermore, the redevelopment plan for the Yat Chau Building in Central has been approved, slated to become a 30-story commercial building (built above a 1-level basement), with a total gross floor area of 158,010 square feet, injecting new commercial vitality into the Central district.
These redevelopment and new construction projects will inject fresh vitality into Hong Kong's property market, offering citizens more choices and high-quality living and working spaces while further driving the local economy. Hong Kong's property market is poised for another round of prosperity, demonstrating the city's ongoing dynamism and allure.
