Henderson set to launch Baker Circle, one of Hong Kong’s largest urban residential redevelopment projects
- Sales of flats in the first phase of Baker Circle are likely to take place in June, Henderson executive says
- The company plans to offer 1,000 flats in the first phase of the project on Gillies Avenue South, Hung Hom
Henderson, founded by Hong Kong’s second-richest man Lee Shau-kee, could launch the first phase of the 2,800-unit Baker Circle in Hung Hom for sale by June at the earliest, Thomas Lam, general manager of sales department, said on Tuesday.
This is the largest residential redevelopment project in the past 30 years by a private developer in terms of number of homes according to surveyors employed by the company, Henderson said.
“[Lee hopes] this project will let him contribute to society, having worked in property development for so many years,” said Lam. “In his heart, he [wants to] make the project great as he believes this to be the most important milestone of his career.”
The imminent launch comes on the heels of the opening of the East Rail’s cross-harbour section, which has cut the travel time from Hung Hom to Admiralty to 7 minutes.
The first phase of the nine-tower Baker Circle project is located at Gillies Avenue South, 10 minutes’ walking distance from Whampoa Garden. The first phase comprises 1,000 units in three towers and is expected to be completed by the first quarter of 2024.
