SHKP Quarterly

The Group acquired two sites on the North Point waterfront in 2012 and 2013 while land supply was restricted on Hong Kong Island. The market since then has paid close attention as they are being transformed into luxury residences, a premium shopping mall and an upmarket hotel – part of the Group’s latest efforts to create liveable communities with quality developments. Group Deputy Managing Director Victor Lui said: “The North Point developments will set new standards for the Victoria Harbour coast as the Group applies its experience drawn from its involvement in developing the iconic projects above Kowloon and Hong Kong Stations. The Group will take the needs of different stakeholders into account, anticipate future changes in the area and make adjustments accordingly as it normally does.” North Point is an established neighbourhood with extensive road connections carrying numerous bus and minibus routes, plus the Location sets North Point developments apart for quality living convergence of two MTR lines offering transport convenience along with the nearby Island Eastern Corridor and Eastern Harbour Crossing. The Transport and Housing Bureau’s Railway Development Strategy 2014 (September 2014) proposes a new North Island Line extending the Tung Chung and Tseung Kwan O Lines along the northern shore of the Hong Kong Island, giving North Point enhanced accessibility. The Central – Wan Chai Bypass and Island Eastern Corridor Link under construction should reduce time from Central to the Island Eastern Corridor in North Point to about five minutes 1 . These infrastructure projects will make North Point a transport focal point on the Island. Feature Story Vol 82 • Q4 2016 • SHKP Quarterly 4