Annual Report 2015
EXECUTIVE VICE-CHAIRMAN’S REPORT
23
(“CTF”), which increased its share of
ownership in this project from 50%
to 90%. The project has a site area
of approximately 32,500 sq ft. Based
on the prevailing plot ratio for non-
domestic usage, the total GFA will
amount to approximately 487,500 sq
ft for non-domestic use. The Group
is currently in the progress of the
related works and will actively plan
for its redevelopment.
Acquisition of over 80% ownership
of 4A-4P Seymour Road in Mid-
levels has been completed under
a joint-development old building
redevelopment project that the
Group has 35% stake. The site area
is 52,466 sq ft. With reference to the
government’s latest city planning,
the expected attributable GFA of
this project upon redevelopment is
approximately 165,300 sq ft. This
project has proceeded to the court
for compulsory sale under the “Land
(Compulsory Sale for Redevelopment)
Ordinance”.
Furthermore, acquisition of over 80%
ownership of 74-74C Waterloo Road
and 15-25 Yau Moon Street in Ho
Man Tin has been completed under
a joint-development old building
redevelopment project that the
Group has 51% stake. The site area
is 10,677 sq ft. With reference to the
government’s latest city planning, the
expected attributable residential GFA
of this project upon redevelopment
is approximately 40,000 sq ft. This
project will proceed to the court for
compulsory sale under the “Land
(Compulsory Sale for Redevelopment)
Ordinance”.
In addition, the Group has been
keen on fostering agricultural land
conversion. One of its initiatives has
been the active exploration of the
“Pilot Scheme for Arbitration on Land
Premium” in the 2014 Policy Address
of the HKSAR government in order to
improve the efficiency of agricultural
land conversion for a stable supply of
land available for the Group.
Landbank by location
Attributable GFA
(sq ft)
Central and Western District
175,346
Wan Chai District and Eastern District
1,005,138
Yau Tsim Mong District and Kwun Tong District
3,506,218
Tsuen Wan District, Yuen Long District and
Tuen Mun District
786,180
Sha Tin District and Sai Kung District
3,220,188
Others
107,920
Total
8,800,990
Agricultural landbank by location
Total land
area
(sq ft)
Attributable
land area
(sq ft)
Yuen Long District
13,509,960
12,506,844
North District
2,854,740
2,512,740
Sha Tin District and Tai Po District
2,024,508
2,024,508
Sai Kung District
1,358,830
1,161,810
Tuen Mun District
41,000
41,000
Total
19,789,038
18,246,902
