Media Coverage

Swire Properties has received the grant from the Lands Tribunal for the compulsory sale of the 20-storey Wah Ha Factory Building. With a reserve price of HKD5.13 billion, this transaction sets a record high price for a compulsory sale. At the time of its application in 2018, the Company already owned 81.6% of the development. If the Company successfully secures full ownership of the building, it plans to redevelop the area together with the adjacent Zung Fu Industrial Building for office and other commercial uses. The aggregate gross floor area of the redevelopment will be approximately 779,000 sq ft.