Lofter’s investors include overseas entities, local private-equity funds, family offices and high-net-worth investors, said Chow, who refused to comment further.Lofter paid an average of HK$15,500 per square feet to acquire all properties from 57 stakeholders, some of whom owned more than one unit, she said.LOFTER GROUP (“LOFTER” or “the Group”), a Hong Kong-based property developer, has donated over 15,0000 pieces of personal protective supplies to local elderly homes under its LOFTER-Care Community Program to help fight Covid-19, and hope to lend help to thousands of staff and elderly. The Group wishes to support the community and spread warmth and hope during these testing times.
With distinctive views on the three sides of the site, all residential units of the proposed development can enjoy stunning unobstructed panoramic sea view and greenery view. The retail podium will accommodate al fresco restaurants for diners to enjoy the premium environment." Chow said.The redevelopment project at 1-7 Ki Lung Street, Prince Edward is Lofter’s sixth major urban redevelopment project.The entire Ap Lei Chau District will be transformed in the coming 3-5 years, bringing new energy into the district.
Given the unique location of our site being closely connected to various parks, the development will be greatly benefited from the initiatives." Leung added.Surrounded by parks on 3 sides of the site, the property enjoys tranquility and serenity. The redevelopment upon completion will be an iconic building in Island South. Residents can enjoy stunning unobstructed panoramic sea view, surrounding greenery and the convenience of urban district.Carol Chow, Founder and Chairperson of LOFTER, said this redevelopment project is in a matured and prominent location on Hong Kong Island. The site is situated in a core urban district with excellent connectivity, at a mere 3-minute walk from Lei Tung MTR Exit A1.