Media Coverage

Swire Properties, the largest landlord in Quarry Bay, is strengthening its presence through the HKD15 billion Taikoo Place redevelopment project. Following the completion of One Taikoo Place in 2018, the redevelopment of Two Taikoo Place was completed in September 2022. The 42-storey Grade-A office building, with a total floor area of approximately 1 million sq ft, has achieved a pre-leasing rate of over 56%. Notable tenants include Julius Baer, Amundi Hong Kong and China CITIC Bank International.

Meanwhile, Swire Properties is applying for the compulsory sales of Zung Fu Industrial Building and its neighbouring property Wah Ha Factory Building. If successful in winning both tenders, the Company plans to redevelop the properties into office buildings with a total floor area of approximately 779,000 sq ft.

As the area undergoes rapid transformation, property developers are seizing opportunities to acquire ageing buildings in the district. Swire Properties and Henderson have received approval from the Buildings Department in March last year to construct two 28-storey mixed-use towers on the site at 16-94 Pan Hoi Street and 983-987A King's Road in Quarry Bay.