Hip Shing Hong

Hip Shing Hong (Holdings) Company Limited ("Hip Shing Hong") celebrated the completion of “ORIA”, its latest boutique development at 121 Shau Kei Wan Main Street East in the heart of Eastern Hong Kong Island, with a light-up ceremony. The development will soon launch its completed units for sale⁴, making it one of the market’s first property projects in 2025. “ORIA” enjoys exceptional connectivity, with MTR Shau Kei Wan Station just a minute walk away¹. Its extensive transportation network provides convenient access to the three major business districts³ in Hong Kong Island and Kowloon East, whilst offering proximity to popular nature spots³, perfectly embodying the concept of “City to Nature: One Step Away”. With a diverse range of nearby amenities, “ORIA” is set to appeal to owner-occupiers, local extended families, rental investors, and talented professionals from other districts seeking quality homes in Hong Kong.

Completed Units Expected to Launch in The Near Term⁵ Amid Rising Favourable Market Conditions

Jonathan Fong, Deputy Managing Director of Hip Shing Hong (Holdings) Company Limited, said, "The light-up ceremony signifies “ORIA”'s radiant brilliance as a new beacon of quality living in Hong Kong Island East, illuminating the lives of future residents. With the US entering an interest rate reduction cycle, coupled with various favourable housing measures announced in the 2024 Hong Kong Policy Address(including the relaxation of mortgage loan limits to 70%, measures supporting young homebuyers, as well as optimisation of the 'Capital Investment Entrant Scheme' to include investments in residential and non-residential properties in Hong Kong as permissible investment assets alongside specified financial assets) the local residential property market has clearly become more attractive. Furthermore, stimulus measures in mainland China's monetary and fiscal policies are facilitating more capital inflow into Hong Kong's real estate market. As a result, the Group plans to launch sales shortly⁴, with completed units expected to open for viewing by appointment in the near term⁵ to meet strong market interest."

"The relaxed mortgage loan limits and anticipated interest rate reductions have sparked keen interest from rental investors, particularly for properties along railway lines," Mr Fong continued. “ “ORIA”'s immediate availability presents a prime opportunity for investors looking for turnkey investment. Additionally, the growing presence of newly arrived talents and professionals under various admission schemes in nearby business districts represents a strong pool of prospective buyers and tenants. We are finalising attractive purchasing incentives to meet market demand."

Bonnie Cheung, Head of Property Sales at Hip Shing Hong (Holdings) Company Limited, said, "Properties on Hong Kong Island have long been know for their potential to retain market value over time. As market confidence rebounds, “ORIA”'s unique selling point, “City to Nature: One Step Away”, exemplifies its seamless blend of city buzz and natural serenity, offering residents a truly vibrant and harmonious lifestyle. From the development, residents can reach the MTR station in just one minute¹, enabling convenient access to all districts. They can also enjoy the diverse dining scene, take leisurely walks along the typhoon shelter³, or explore Dragon's Back on weekends for a natural escape³."

“ORIA”, the newly completed property in Hong Kong Island East, is situated at a prime location on Shau Kei Wan Main Street East. At 23 storeys, it offers 156 units⁴ with saleable areas ranging from 190 to 737 square feet². The unit mix comprises of studios, one-bedroom, two-bedroom, and special units, catering to diverse lifestyle needs. As a rare new development adjacent to an MTR station³ in the district, “ORIA” combines the convenience of a transportation hub with the abundance of dining options, greenery, and recreational spaces. Situated beside century-old cultural landmarks and surrounded by a famous dining street³, the development embodies a unique character that seamlessly blends heritage with modernity. For professionals and young families working in the core business districts of Hong Kong Island and Kowloon East, “ORIA” represents a truly rare opportunity to own a new property in an urban setting that is just a stone throw away from nature.

Disclaimers：

1. The estimated walking time is obtained by the actual walking of the staff of the Vendor from the site of the Development to Shau Kei Wan Station (MTR). It is for reference only and is subject to different factors such as actual traffic, weather, road conditions and personal circumstances of the walkers. The required time may also vary.
   
   
2. The saleable areas including the floor areas of balcony, utility platform and veranda (if any) to the extent that it forms part of the residential property are calculated in accordance with Section 8 of the Residential Properties (First-hand Sales) Ordinance. The saleable areas do not include the area of each of the specified items (if any) under Part 1 of Schedule 2 to the Residential Properties (First-hand Sales) Ordinance. The above areas have been converted to square feet based on a conversion rate of 1 square metre = 10.764 square feet and rounded off to the nearest integer, and the area shown in square feet may be slightly different from that shown in square metre.
   
   
3. The said locations are not situated at the Development or its vicinity or directly adjacent to the Development. They do not form part of the Development and are not relevant to the Development. The surrounding environment, buildings and facilities in the vicinity of the Development are subject to change from time to time. Such information is for reference only. It does not constitute and shall not be construed as constituting any offer, representation, undertaking or warranty, whether express or implied (whether or not relating to the view). The Vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and view and public facilities nearby. Please note that there may be changes or future changes to the surrounding areas of the Development.
   
   
4. The Vendor reserves the right to determine and change the time, manner and number of the residential properties in the Development being offered for sale from time to time, all subject to the relevant information on sales arrangements issued by the Vendor.
   
   
5. The Vendor reserves the right to determine and change the opening time of the completed units in the Development, all subject to the final announcement and arrangement by the Vendor.

Name of the Development: ORIA (the "Development") | The district at which the Development is situated: Shau Kei Wan | The name of the street at which the Development is situated and the street number allocated by the Commissioner of Rating and Valuation for the purpose of distinguishing the Development: 121 Shau Kei Wan Main Street East| Address of the website designated by the Vendor for the Development for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance: www.oria.hk

The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist’s impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.

Vendor: China Vision Engineering Limited | Holding company of the Vendor: Kam Wah Investment Company Limited| Authorized Person for the Development: Lai Siu Kin | The firm or corporation of which the Authorized Person for the Development is a proprietor, director or employee in his or her professional capacity: Lu Tang Lai Architects Limited | Building Contractor for the Development: To’s Universe Construction Co., Ltd | The firm of solicitors acting for the owner in relation to the sale of residential properties in the Development: Deacons | Any authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Development: Not applicable | Any other person who has made a loan for the construction of the Development: Not applicable | The Vendor advises prospective purchasers to refer to the sales brochure for any information on the Development. | Please refer to the sales brochure for details. | This advertisement is published by or with the consent of the Vendor.

The Development and its surrounding environment may change from time to time. | This advertisement and contents thereof are for reference only and do not constitute and shall not be construed as constituting any contractual term, offer, representation and warranty, whether express or implied (whether related to view or not). | Market conditions may change from time to time. Prospective purchasers shall consider their own financial status and ability to afford and all relevant factors before deciding whether to purchase or when to purchase any residential property. In any circumstances or at any time, prospective purchasers shall not rely on or be affected by any content, information or concept of this advertisement/promotional material in deciding whether to purchase or when to purchase any residential property.

Date of last update: 29 Dec 2024