Media Centre

2016/01/28
Emperor International Celebrates 2016 Chinese New Year With Property Agencies

(Hong Kong, 26 January 2016) Emperor International Holdings Limited (“Emperor International”) (Stock Code: 163) today celebrated the coming 2016 Chinese New Year, in which the Group also made a review of the sales performance in 2015 and a forecast for the year 2016. The soon-to-be-launched Upton duplex units as well as the luxury residential project on Kwun Fat Street, Siu Lam, Tuen Mun were the highlights.

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 and representatives from various real estate agencies.

Mr. Donald Cheung, Executive Director of Emperor International, remarked during his speech, “Our 2 hospitality projects, Inn Hotel Hong Kong and Mori Mori Serviced Apartments, opened one after another in 2015. We have secured renowned international tenants for projects on 22-24 Russell Street and 60 Gloucester Road. Upton buyers have also started moving in. We have already sold 108 units, achieving a 90% sold rate out of all the 117 units that have been offered for sale. Together with sold parking spaces, the residential project has generated over HK3.1 billion in revenue. We look forward to sustaining the sale in 2016. Currently we still have 8 duplex units to be launched shortly, including 2 featured with private rooftop pools and another 2 with exquisite furnishing. We are going to announce the corresponding sales arrangement when it comes close to the Chinese New Year.”

Mr. Cheung continued, “In the past year, the Group has been proactively seeking investment opportunities. We have made several acquisitions, including a residential and commercial composite building at Nos. 75-79 Lockhart Road, Wanchai; a residential building located at 8-10A Mosque Street, Mid-Levels; Fuk Wing Street URA Project in Sham Shui Po (the Group’s first project with Urban Renewal Authority), Wincome Centre at Nos. 39 and 41 Des Voeux Road Central, Central; and a retail and office complex located at Nos. 25-27 Oxford Street, London. Looking ahead, we are going to introduce the luxury residential project on Kwun Fat Street, Siu Lam, Tuen Mun into the market soon. The project, with a total gross floor area of approximately 40,000 square feet, will be developed into 14 low-rise houses, each with saleable area from 2,700 to 4,100 square feet. Each house has impeccable sea view and comes with a rooftop, a garden, a private pool and 2 parking spaces. The project will be well served by a superb transportation network of Hong Kong–Shenzhen Western Corridor and Hong Kong–Zhuhai–Macau Bridge in the near future, with easy access to the airport. The project is expected to be launched by the third quarter of this year.”

During the event, Mr. Alex Yeung, Corporate Executive of Emperor Group, also presented awards to property consultants who have secured substantial sale or lease transactions for the Group in the past year for their continuous support.

al, remarked during his speech, “Our 2 hospitality projects, Inn Hotel Hong Kong and Mori Mori Serviced Apartments, opened one after another in 2015. We have secured renowned international tenants for projects on 22-24 Russell Street and 60 Gloucester Road. Upton buyers have also started moving in. We have already sold 108 units, achieving a 90% sold rate out of all the 117 units that have been offered for sale. Together with sold parking spaces, the residential project has generated over HK3.1 billion in revenue. We look forward to sustaining the sale in 2016. Currently we still have 8 duplex units to be launched shortly, including 2 featured with private rooftop pools and another 2 with exquisite furnishing. We are going to announce the corresponding sales arrangement when it comes close to the Chinese New Year.”