20 Sep 2023
Media:
Hong Kong Commercial Daily
Hong Kong Economic Journal
Hong Kong Economic Times
Lion Rock Daily
Ming Pao Daily News
Oriental Daily News
Sing Tao Daily
Ta Kung Pao
The Standard
Wen Wei Po
Swire Properties and Henderson Land secure Quarry Bay site through compulsory sale
Swire Properties and Henderson Land successfully secured a cluster of old buildings in Quarry Bay through compulsory sale at a reserve price of HKD6.31 billion. Situated between 983 to 987A King's Road and 16 to 94 Pan Hoi Street near Two Taikoo Place, the collection of buildings will be redeveloped into two 28-storey mixed-use towers. The total gross floor area will be around 440,000 sq ft, comprising approximately 368,300 sq ft of residential space and 72,400 sq ft of commercial space. The redevelopment is scheduled for completion in 2029.
The developers anticipate demand for both smaller and larger units, given the project’s prime location in a well-developed commercial district. A comprehensive study will be conducted to assess the specific market needs and preferences.
Media:
Hong Kong Commercial Daily
Hong Kong Economic Journal
Hong Kong Economic Times
Lion Rock Daily
Ming Pao Daily News
Oriental Daily News
Sing Tao Daily
Ta Kung Pao
The Standard
Wen Wei Po