48-level tower on way up
Listed developer Trans Tasman Properties has begun building an ambitious 48-level apartment tower on its Kowloon site in Hong Kong and will soon develop two other sites.
Monday, April 4th 2005, 8:02AM
by The Landlord
Building has begun on its San Po Kong site, zoned for a 20,250sq m apartment block, 160 carparks and 1950sq m of shops and offices.Trans Tasman, whose shares are trading for 38c, bought the Kowloon site from the Hong Kong Government last September for $102 million and, in the annual report just released, said it had already started putting up 320 apartments on top of a seven-level podium incorporating parking and shops. The 2250sq m site is at 97 Po Kong Village Rd.
"Construction has commenced and is expected to be completed in mid-2007," it said.
Work will start soon on a second site.
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