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MEDIA CENTRE
(Hong Kong, 27 January, 2014) Emperor International Holdings Limited (“Emperor International”) (Stock code: 163) today celebrated the coming of the Year of the Horse with representatives from various real estate agencies in a spring reception, attended by Dr. Albert Yeung, Chairman of Emperor Group; Mr. Donald Cheung, Executive Director of Emperor International and Mr. Alex Yeung, Corporate Executive of Emperor Group.
Mr. Donald Cheung remarked during his speech, “Emperor International will take continuous efforts on both developing high-end residential projects and investing in rental properties; other than that, a huge move in hotel business will be made in 2014 to seize the opportunity of the ever growing tourist arrivals in recent years.”
Its most significant project in 2014 is the residential tower at 180 Connaught Road West. With a total gross area of 185,000 square feet, this project is expected to be opened for sale in 2014 and complete construction in 2015. The building commands a grand view of Victoria Harbor and is highly accessible by public transport with its proximity to Western Harbour Crossing and future Hong Kong University Station of MTR West Island Line.
The en-bloc retail property at 22-24 Russell Street will be the company’s leading investment project in the year. Reconstruct works are now in progress, scheduled to be completed in the first quarter of 2015. The new building will be 4-storey high, with a total gross area of 8,000 square feet. The company expects to bring in world-known retail brands, thus contributing to the prosperity of Russell Street and its own rental income.
The company also highlights its 199-roomed Portland Street hotel project, expected to come into completion in the first quarter of 2015.
Mr. Cheung presented awards to property consultants who have secured substantial sale and rental dealings for the company in year 2013.
