Yuexiu Property Commences the 279 Prince Edward Road West Project
Release Date:2013-09-12 18:50:00
On September 9, Yuexiu Property officially commenced the “279 Prince Edward Road West” redevelopment project in Ho Man Tin, Kowloon. Luxurious apartments will be built there. It is reported that the project is Yuexiu Property’s latest move in Hong Kong’s property market since the Company’s “16 Tsing Tai Road” project started last April. It also indicates that the Company actively develops real estates in Hong Kong and builds a premium brand in both mainland China and Hong Kong.

This project is located in a traditional luxurious residential area of Ho Man Tin, covering an area of 7,884 square feet, with a plot ratio of 5 times, and approximately 40,000 square feet of luxurious residential buildings with combined gross floor area will be built. Elite schools dot the surrounding area of the project. The location is also accessible by convenient transportation, notably the MTR Tsuen Wan Line and East Rail Line. The Company centralized all flat ownerships of the former building on the site in 2012 for redevelopment. It decided to build premium residential buildings, which will mainly comprise large flats, to satisfy the strong demand in the area. The project is scheduled to be completed in 2015.

Yuexiu Property is a leading property company that has been listed in Hong Kong for 20 years. The Company is stepping up its property development in Hong Kong as part of its strategy of “Home Base in Guangzhou and Strategic Expansion Nationwide”. Yuexiu Property develops properties in Hong Kong as diverse as residential, industrial and commercial buildings including Pokfulam Terrace, which is a luxurious residential building with a sea view at Pokfulam Mid-Levels, YueXiu Plaza in San Po Kong, Seabright Plaza in North Point, Yue Hing Building in Wan Chai, Tsuen Wan International Centre and Lung Wah International Godown, etc.. It also operates property management projects, including the South China Hotel.

This project epitomized the Company’s strategy of focusing on high-end residential property development. Meanwhile, the Company owns a parcel of land of approximately 126,000 square feet in “Yau Tong Industrial Area For Comprehensive Development” with a plot ratio of approximately 6 times. The Company will pay close attention to the government land planning in the area and develop the land at the right time. Furthermore, construction of “16 Tsing Tai Road”, a low-density villa project in western New Territories, was commenced in April this year and is progressing well now.