Media Centre

2015/02/5
Emperor International Celebrates Chinese New Year With Real Estates Agencies

(Hong Kong, 4 February 2015) Emperor International Holdings Limited (“Emperor International”) (Stock Code: 163) today celebrated the coming of the Year of the Goat in a spring reception. Apart from presenting a business review and forecast, the company also highlighted its major project of the year, 60 Gloucester Road.

The event was attended by Dr. Albert Yeung, Chairman of Emperor Group; Mr. Donald Cheung, Executive Director of Emperor International; Mr. Alex Yeung, Corporate Executive of Emperor Group; Mr. Joseph Tsang, Managing Director of Jones Lang LaSalle and representatives from various real estate agencies.

Mr. Donald Cheung remarked during his speech, “Emperor International has been reacting proactively to market changes, with satisfactory results in various projects. Since the launch of Upton, we have sold 82 units and 8 parking spaces, amounted to more than HK$1.95 billion and approximately HK$30 million respectively. To celebrate the Chinese New Year, we now introduce a new benefit for Upton purchasers. Starting from 8 February onwards, the first 10 purchasers of units on 26/F or above will be entitled to one car parking space with the value of HK$3,380,000, while those who buy units on 22/F or below will continue to enjoy the existing benefits.” A new Upton show flat of unit 36A (1,753 square feet) is also open to public today.

Mr. Cheung continued, “In 2014, we entered into a joint venture and won a bid for a luxury residential site on Shouson Hill Road, successfully purchased an industrial building on Kwok Shui Road, Kwai Chung, and acquired Empire Land Commercial Centre in Wanchai; while the retail block under construction at 22-24 Russell Street, Causeway Bay, was pre-leased to La Perla to be the Italian luxury brand’s largest flagship store worldwide. Besides, we acquired a retail and office complex located at Oxford Street, London, expanding our business in overseas property market. Looking ahead, we will make continuous efforts to both develop high-end residential projects and invest in rental properties. Other than our highlight project, 60 Gloucester Road, Emperor Group Centre in Beijing is also in good progress. New hotels and a serviced apartment building will be launched during this year. We will seize every opportunity for a balanced and sustainable development.”

Mr. Joseph Tsang, Managing Director of Jones Lang LaSalle, pointed out, “The 60 Gloucester Road project is located in the prime commercial district of Wanchai, near the Hong Kong Convention and Exhibition Centre, 5-star hotels and various Hong Kong landmarks. The building is highly accessible by public transport with its proximity to Wanchai MTR Station, the future Exhibition Station of Shatin to Central Link, Wan Chai Ferry Pier as well as Hung Hom Cross Harbour Tunnel. Both tenants and customers can enjoy a comfortable working environment and high service quality with the professional property management services provided by Jones Lang LaSalle.”

Another significant project of the year is the luxury residential houses on Kwun Fat Street, Siu Lam, Tuen Mun, with a total gross area of approximately 39,000 square feet. The project is expected to be launched during the year. As the government promotes the development in the New Territories West, the project will be well served by a superb transportation network. This project will definitely become one of the most valued residential projects of the company.

The long-awaited Grade-A office tower, Emperor Group Centre, located on Chang’an Avenue, Beijing, is another pillar of future development. Currently the project is under construction and is expected to be completed by the end of 2015 the earliest. The project can optimize the company’s property portfolio and expand its revenue base. This new landmark along Chang’an Avenue in Beijing will signify a new milestone of Emperor International’s commercial project development in the PRC.

Hospitality business has also been running well. MORI MORI Serviced Apartments on Morrison Hill Road, Wanchai, has already been put into service, while the new hotel at 54-60 Portland Street, Yau Ma Tei, is expected to commence its business in April. The new hotel projects will further expand the company’s hospitality business in both Hong Kong and Macau, contributing to the company’s overall income.

During the event, Mr. Cheung also presented awards to property consultants who have secured substantial sale and rental dealings for the company in the past year for their continuous support.