Henderson Land high among approvals

The Buildings Department approved 19 building plans in July, with Henderson Land Development (0012) getting the green light to build a commercial-cum-residential building in Wan Chai.

Henderson Land's redevelopment projects for older buildings also received approval.

One notable project is the redevelopment of an old building at 13-21 Wood Road and 22-30 Wing Cheung Street in Wan Chai, acquired earlier this year for HK$300 million. This project has been greenlit for the construction of a 27-story residential/commercial mixed-use building with a total floor area of about 86,000 square feet.

Another project by the developer, the redevelopment of 88 Robinson Road in Mid-Levels West, which was acquired for over HK$1 billion last year, has been granted approval for the construction of a 16-story residential building with a total area of about 50,000 sq ft.

In the primary market, Grand Jete Phase I in Tuen Mun, co-developed by CK Asset (1113) and Sun Hung Kai Properties (0016), will launch the sales of 70 remaining units on Sunday. Discounted prices range from HK$11,862 to HK$15,063 per sq ft.

The project will feature a talent incentive program with discounts of up to 3 percent on prices.

Buyers who are tenants currently will be eligible for four- and five-percent cash rebates when purchasing two-bedroom and three-bedroom homes.

And Pano Harbour in Kai Tak, a collaboration between China Resources Land (Overseas) and Poly Property Group (0119), set new records in the runway area with a four-bedroom home selling for HK$1.22 billion, or HK$58,401 per sq ft.