Chun Wo Property Development, a subsidiary of the Group, has successfully acquired the site at Tseng Choi Street at a land premium of HK $232.8 million with a joint venture partner, Excel Billion Corporation Limited through government tender in May 2014. Chun Wo owned 60% beneficial interest and was responsible for the management, design, construction, sales and property management services by adopting its one-stop project development strategy.
The site is located at Tseng Choi Street, Area 4, Tuen Mun. Total site area is approximately 23,700 ft2 (2,202 m2). It is a residential & commercial composite development with a total gross floor area of about 148,000 ft2 (13,750 m2), including an elderly home & day care center as required under the Lease Condition.
The project was sold to other groups in June 2017 and was completed and handed over to that group in 2019.
