Press Releases

(Hong Kong, 25 February 2014) – K. Wah International Holdings Limited (“KWIH” or “the Group”) (stock code: 0173) is pleased to announce that the Group has successfully secured a prime land parcel in Kai Tak Area 1I Site 2, East Kowloon, for HK$2.9388 billion. With a site area of approximately 100,245 sq ft and a plot ratio of 5.5 times, the plot can be developed into a GFA of 551,343 sq ft, translating into an accommodation value of HK$5,330 per sq ft and offering at least 855 units upon completion. Strategically located in the heart of Kai Tak Development Area and nearby the upcoming Kai Tak station of the Shatin to Central Link, the plot is set to enjoy huge development potential benefitting from improved connectivity and amenities under the Government’s Energizing Kowloon East plan.  

   

Kai Tak Area 1I Site 2, Kowloon