With stronger ties with various equity partners, LOFTER will continue to source redevelopment opportunities in core urban area to implement our investment strategies and to deepen our presence in the Hong Kong real estate market.” Chow said.LOFTER partners with Singapore-based SC Capital Partners, to acquire residential site in Ap Lei ChauChow said the proposed redevelopment, within walking distance of the Prince Edward MTR station, will demolish the four blocks of four to six-storey old buildings and redevelop them into a 22-storey residential tower at a total investment cost of HK$1.1 billion, inclusive of the acquisition cost.
Ap Lei Chau to be transformed with Invigorating Island South initiatives“Every street and district has its own history and story. We would like to convey a message that redevelopment and conservation can coexist. Some young people told us it is the first time they have see a Nokia mobile phone and a typewriter after visiting the Concept Studio,” she said.We hope to lead by example and encourage more enterprises to help those in need. We believe if we stand united, we will ride out the storm.”
“We have in-house surveyors, architects and building service engineers that provide one-stop services such as identifying redevelopment potential, building design and marketing to investors, even though they are unfamiliar with the Hong Kong property development industry,” she said.The proposed tower comprises 150 units that range in size from 250 to 550 sq ft, she said.LOFTER-Care Community Program and Primary Care Education Foundation are joining hands to send medical supplies to frontline staff and elderly of ten elderly homes, including Chun Fung Wong Nursing Home, Wan Tsui Elderly Home and Dragons Home, etc.The total acquisition price of the entire site is at over HKD418 million representing an accommodation value of HKD11,943 per sq. ft. LOFTER will redevelop the site into the best-in-class development based on its unique elements of excellent connectivity and closeness to nature.