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Chinachem Group (“the Group”) is pleased to announce that its member company Castle Great Limited has won the tender for Tai Po Road, Tai Po Kau at a premium of HK$1.368 billion.

Donald Choi, Executive Director and CEO of Chinachem Group said, “We are excited to take part in the development of Tai Po Kau. The Group is confident about Hong Kong's future and will continue to identify suitable projects to build wonderful homes for the people of Hong Kong and make it a smart and liveable city.”

Dennis Au, Executive Director and Managing Director - Real Estate of Chinachem Group said, “The Group is pleased to acquire this residential development. It is a rare large-scale private site suitable for mixed development of low-density houses and apartments. Moreover, the site is located next to Tai Po Road, which enjoys a panoramic sea view and verdant mountain scenery. We believe this project will have great market potential.”

The site covers an area of about 14,002 square metres with a maximum gross floor area of 21,003 square meters upon completion.