News Centre

Chinachem Group today announced the acquisition of a residential site at 1 North Point Terrace for over HK$1.9 billion, marking a strategic addition to its development portfolio on Hong Kong Island. 
 
Located in the heart of North Point, the site enjoys a prime location within a well-established neighbourhood, with convenient transport links and comprehensive lifestyle amenities. It is also a rare and sizable residential site in the area, offering strong development potential and planning flexibility. 
 
This acquisition reflects the Group’s continued focus on expanding its footprint in key urban locations and its commitment to investing for long-term growth. 
 
Mr Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group, said: “This acquisition reflects our continued confidence in Hong Kong and our commitment to building a strong, future-ready portfolio. We remain focused on opportunities that support long-term growth.” 
 
Mr Andy Cheung, Executive Director and Chief Executive Officer of Chinachem Group, added: “North Point Terrace represents a strategic addition to our Hong Kong Island portfolio. It reflects our ongoing efforts to grow our presence in key locations and reinforces our positive outlook as we continue to invest and expand our business.”