Property Development and Investment – Mainland China

Shenzhen, PRC

Hon Kwok City Commercial Centre

Hon Kwok City Commercial Centre 漢國城市商業中心, the Group’s investment property, with a total gross floor area of approximately 128,000 sq.m., is situated at the junction of Shen Nan Zhong Road and Fu Ming Road, Futian District of Shenzhen. Our signature landmark is a 75-storey high commercial/office tower above ground with a 5-level basement, offering Grade A office and retail space. Construction works were completed with the issue of the property ownership certificate during the year. Leasing of office/commercial space is in progress and tenants are expected to move in during the coming months.

City Square 城市天地廣場, situated at Jia Bin Road, Luo Hu District, is a 5-storey commercial podium. All the retail shops at ground level and the entire first floor of the podium are fully let. The Bauhinia Hotel (Shenzhen) 寶軒酒店(深圳), a 162-room hotel located on the upper three floors of the above podium, maintained occupancy and room rates at a satisfactory level. The average occupancy rate of City Suites 寶軒公寓, a 64-unit serviced apartment on top of the podium was approximately 90%.