Media Centre

2013/12/12
Emperor International Wins Bid for the Residential Land in Tai Lam

(Hong Kong, December 11, 2013) Emperor International Holdings Limited (“Emperor International”) (Stock code: 163) today announced that it has won a bid for the residential site at Tuen Mun Town Lot No. 490 at the consideration of HKD 138,800,000.

The site is located on Castle Peak Road, Tai Lam, at the opposite side of Palatial Coast. Its total construction site area is 2,050 sq. m. (approximately 22,066 sq. ft.) and its gross floor area is 2,665 sq. m. (approximately 28,686 sq. ft). Hence, the average cost of floor area is HKD 4,839 per sq. m. Emperor International is planning to develop 10 low-density luxury houses with car parks and other resident facilities, with target completion in 2016.

Mr. Donald Cheung, Executive Director of Emperor International, said, “The Group has always been optimizing our overall investment portfolio by acquiring high quality projects. We believe there will be a synergy between this latest addition and a similar site in Siu Lam (Tuen Mun Town Lot No. 436) we took in earlier. This site has impeccable seaview and will be well served by a superb transportation network of Hong Kong–Shenzhen Western Corridor as well as the Tuen Mun – Chek Lap Kok Link and Hong Kong–Zhuhai–Macau Bridge in the near future. It is also in close proximity to Harrow International School Hong Kong, the Hong Kong branch of the prestigious Harrow School based in the United Kingdom. This site will definitely become one of our most valued residential projects.”