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Corporate Information
Overview
Harbour Centre Development Limited (stock code: 51) is a listed subsidiary of The Wharf (Holdings) Limited (stock code: 4), with property development and investment business in Hong Kong and the Mainland as its primary business. It also owns the Marco Polo Hongkong Hotel in Hong Kong.
Hotel Operations
Primely located on Canton Road, Tsim Sha Tsui, the Marco Polo Hongkong Hotel ("Hotel") overlooks the spectacular Victoria Harbour view. The iconic "Star" Ferry and Hong Kong's first cruise terminal are at the footstep along with an all-weathered shopping mall at Harbour City – Hong Kong's largest shopping complex.
Spurred by the strong demand for hotel rooms in Hong Kong, its synergy with Harbour City and convenient location, the Hotel continues to be well-positioned in the marketplace.
In a pursuit of scarce excellence, the Hotel has started its renovation in phases and expects the work to be completed by the end of 2011. Upon completion, it will further enhance traveler and customer experience with the Hotel.
China Business
The Company remains confident about the fundamentals of the real estate market in the Mainland. As at 30 June 2011, the Company's total attributable land bank in China was about 2.4 million square metres which comprise five prime sites in the cities of Changzhou, Chongqing, Shanghai and Suzhou. Expansion of the Company's business to include Mainland properties is beginning to bear fruit. The Company made its first pre-sales of Shanghai Xiyuan and Changzhou Times Palace with great success in 2010 which marks the beginning of capital realisation of the China investments.
Capital realisation of the Group’s China Properties business continued with the successful launch of two new projects for presales during the first half of 2011, together with further presales from projects previously launched. The first profit recognition from China Properties will start in the second half of 2011 upon the completion of the first phase of the Changzhou project.
China West:
| Location |
: |
Jiangbei City (江北城) of Jiangbei District (江北區), Chongqing Central Business District |
| Site area |
: |
93,000 sq m |
| Attributable GFA |
: |
235,000 sq m |
| Project nature |
: |
Residential |
| Ownership |
: |
J/V project, 55%-owned by HCDL;
45%-owned by China Overseas Land & Investment Ltd
|
| Completion date |
: |
2015 |
China East:
| Location |
: |
Xinbei District (新北區) of Changzhou (常州) |
| Site area |
: |
411,000 sq m |
| Attributable GFA |
: |
800,000 sq m |
| Project nature |
: |
Residential, hotel and State Guest House |
| Ownership |
: |
100% |
| Completion date |
: |
2016 |
| Location |
: |
Yangpu District (楊浦區), Xinjiangwancheng sub-district community (新江灣城社區), Shanghai (上海) |
| Site area |
: |
59,000 sq m |
| Attributable GFA |
: |
100,000 sq m |
| Project nature |
: |
Residential |
| Ownership |
: |
100%
|
| Completion date |
: |
2012 |
| Location |
: |
Xing Hu Jie (星湖街) of Suzhou Industrial Park (蘇州工業園區), Suzhou (蘇州) |
| Site area |
: |
21,000 sq m |
| Attributable GFA |
: |
351,000 sq m |
| Project nature |
: |
Office, Hotel and residential |
| Ownership |
: |
J/V project, 80%-owned by HCDL;
20%-owned by Genway Housing Development Group |
| Completion date |
: |
2016 |
| Location |
: |
Xiandai Da Dao (現代大道) of Suzhou Industrial Park (蘇州工業園區), Suzhou (蘇州) |
| Site area |
: |
504,000 sq m |
| Attributable GFA |
: |
907,000 sq m |
| Project nature |
: |
Residential |
| Ownership |
: |
J/V project, 80%-owned by HCDL;
20%-owned by Genway Housing Development Group |
| Completion date |
: |
2017 |
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