SEA Group Consortium Won Tender for West Kowloon Waterfront Residential Site at Record Breaking Price of HK$17.288 Billion


SEA Holdings (“The Group”) ( Stock Code251) is pleased to announce that on 15 November 2017, as part of the consortium comprised of well-known local Hong Kong property developers, has won the tender for the waterfront residential plot off Hing Wah Street West, West Kowloon (New Kowloon Inland Lot No. 6549), at record breaking price of $17.288 billion.


Primely situated at the West Kowloon Waterfront, the site area is 208,200 square feet, with a total gross floor area of approximately 987,000 square feet. The plot commands a coveted urban waterfront location enjoying panoramic harbour views while having the West Kowloon Cultural District and XRL Terminus in the vicinity. It enjoys excellent connectivity with MTR station and lines linking Central, airport, the XRL Terminus and all the commercial hubs in town.


The Group has great confidence with this development as the management believes the land cost is reasonable, and that there is a strong demand for premium waterfront residential properties.


About SEA Group

Founded in 1956, The Group’s core business is property investment and development, as well as hotel operation. The Group’s professional management team, stable financial position, quality corporate governance and adherence to its philosophy of “Building with the Times” has enabled The Group to become an international property conglomerate with diversified business over China, Hong Kong, United Kingdom, Canada, Australia, New Zealand, Japan and Indonesia. With over half-century of development experience, the Group commits to advance global prosperity.