SHKP Quarterly

Mainland residential projects preferred among buyers 內地住宅項目備受歡迎 Built with premium materials and fine finishes, the Group’s developments are also well known for integrating the design and master layout with the surrounding environment. It has spread its market recognition beyond Hong Kong to the mainland, as evidenced by strong sales of the Arch Residence in Shanghai, Grand Waterfront in Dongguan, Forest Hills in Guangzhou and The Arch ． Chengdu. Arch Residence 凱旋匯 Arch Residence, Shanghai (100% owned) A r c h R e s i d e n ce, t h e l u x u r y s e r v i ce d apartments of Shanghai Arch, overlooks the panoramic view of the Huangpu River. The 174 furnished units will be developed to world- class standards with typical units ranging from about 65 to 127 square metres (700 to 1,300 square feet). The project was greeted enthusiastically when it debuted in mid June, selling over 100 units by early August for contracted sales of RMB1,100 million. GrandWaterfront, Dongguan (100%owned) Grand Waterfront is a major development on the Shilong waterfront. Phase 1 of the project has some 750 units ranging from about 78 to 360 square metres (800 to 3,700 square feet). It is well-connected with close proximity first 70-some units was sold out on the day going on the market in early June, followed by additional releases. The average selling price set a record in north Tianhe. The Arch ・ Chengdu (40% owned) The Chengdu ICC integrated complex is now selling its second residential phase The Arch ・ Chengdu. It is in Jinjiang district at the eastern side of the Second Ring, being built above a metro station and shopping mall to offer easy access and comprehensive facilities. The majority of units will be between about 90 and 135 square metres (960 and 1,450 square feet). The initial sales release was in early May, followed by additional units in early July to meet demand. Over 400 units or about 80% of the units released was sold by early August. to Dongguan Railway Station, which is the interchange for Guangzhou-Shenzhen Railway and the new Dongguan Metro Line R2. It has been a preferred choice among upgraders in Dongguan and Shenzhen since it went on the market in the second half of 2015 with nearly 90% of Phase 1 sold by early August. Buyers are expected to take possession by the end of this year. Forest Hills, Guangzhou (70% owned) Forest Hills is situated in the high-end residential area of the business hub of north Tianhe district. It is next to Guangzhou East Rail Station for easy transport. Phase 2B of the project will offer 233 residential units with typical units ranging from about 230 to 308 square metres (2,470 to 3,310 square feet). The 業務動向 - 內地 Vol 81 • Q3 2016 • SHKP Quarterly 16