2024-04-18 28Hse Editor
"Millennium lease" housing estate projects have been relatively rare in recent decades, and related housing estates are also very popular in the market. Henderson's large-scale commercial-residential redevelopment project in Hung Hom, Kowloon, named Baker Circle, is the largest private developer in Hong Kong's 999-year leasehold urban old building redevelopment project in the past 30 years, providing a total of about 2,800 units. Among them, the first phase involves about 1,000 units, mainly 1-bedroom to 2-bedroom units, and will be put on sale as soon as next month. ◆reporter Li Zitian
Lin Damin, general manager of Henderson Agency Sales (1) Department, said yesterday that the entire development plan of Bijiafang is divided into 8 sites, spanning multiple streets, and a total of 9 residential buildings will be built, providing about 2,800 residential units, which will be divided into 3 phases. Launched to the market in stages. The total floor area of the project is about 1 million square feet, including a three-dimensional commercial pedestrian street of about 168,000 square feet, with a total length of more than 850 meters, which is more than double the 350-meter length of the redevelopment project at Lee Tung Street (Pearl Street) in Wan Chai.
The first phase of 1,000 units features 1 to 2 bedrooms
He revealed that the project will build 9 residential buildings, and the first phase will account for 3 of them, involving about 1,000 units, mainly 1-room to 2-room units. When asked about the sales deployment, Lin Damin said that the scale of the project is huge, and it will take some time to soft-sell and explain the project content to the market.
Zhuang Zhiliang, project manager of the Henderson Land Development Group's Real Estate Planning (II) Department, said that the first phase is expected to be completed in the first quarter of 2024 at the earliest, and the entire project will be completed around 2027. Lin Damin added that the lease term of the project starts from March 21, 1887, and there are still more than 800 years before the end of the lease term. It is a very rare large-scale project with a 999-year lease in the past or in the future.
The project site spans five streets of Gillies South Road, Whampoa Street, Bulkeley Street, Bijia Street and Fook Chi Street in Hung Hom District, involving 77 house numbers and 38 tenement buildings. It is the largest private developer in history. reconstruction plan. Henderson started the acquisition in 2010, and it was rumored that the purchase price of the entire project exceeded 10 billion yuan.
The site is located between three MTR stations
Lam continued to point out that Bijia Place is located between the three MTR stations of Hung Hom Station, Ho Man Tin Station and Whampoa Station. It only takes about 6 to 7 minutes to walk to the MTR station, which is connected to the Kwun Tong Line and the East Rail Line. Line and West Rail Tuen Ma Line. It coincides with the recent opening of the cross-sea section of the East Rail Line of the MTR. Currently, it departs from the Hung Hom Station of the MTR, and it only takes two stops to reach Wan Chai North and Admiralty.
Lin Damin added that the group specially adopted one of the main streets in the project, Bijia Street, as the project name. The street name "Bijia" is intended to commemorate the vast project planned by the British chief engineer of the Kowloon-Canton Railway, Robert Baker, for the railway and Kowloon terminus. His ambition was to open up the north of Kowloon and extend to Guangdong. In the 1930s, it was connected to Huangpu Dockyard via Bijia Street.
Henderson pointed out thatThe Group vigorously promotes ESG concepts (environmental, social and corporate governance) and actively integrates the concepts into various real estate development projects. With the theme of Young Elegant, Vibrant & Local Culture, it will create a young and dynamic landmark with Hong Kong's local cultural characteristics. The project's landscape planning, residents' clubhouse and building design are all created by design teams from different professional fields, which will bring a new look to the Hung Hom district.
Facts about Baker Circle, Hung Hom
Site is located
Gillies South Road, Whampoa Street, Bulkeley Street, Baker Street and Fook Chi Street
lease term
999 years commencing on 21 March 1887
Developer: Henderson
Floor area: Residential about 875,000 square feet
The commercial area is about 168,000 square feet, with a total length of more than 850 meters
There are 9 residential units in total, involving 2,800 units
Number of development phases: divided into three phases, the first phase involves about 1,000 units, focusing on 1-bedroom to 2-bedroom units, and will be put on sale as soon as next month
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