New World Development Breaks Ground on Hankow Road Project in Tsim Sha Tsui New International Commercial-Residential Landmark Slated for Launch as Early as Next Year
New World Development Company Limited (“New World Development” or the “Group”, Hong Kong Stock Code: 00017) continues to strengthen the development of its core property business. Following last year’s residential projects, including those in Fanling’s Ma Sik Road and Yuen Long South, construction has recently commenced on the Group’s new international commercial-residential project on Hankow Road in Tsim Sha Tsui. The project will offer a diversified property mix, including residential, retail, and hotel components. It is expected to launch as early as next year, meeting strong demand among professionals for premium properties in core urban areas for both purchase and leasing.
The groundbreaking ceremony was jointly officiated by Ms. Huang Shaomei, Echo, Executive Director and Chief Executive Officer of New World Development, together with other members of the management team. Ms. Huang stated, “The Group is proactively unlocking the value of its land bank and continuously driving the development of its core property business. The commencement of construction on the mixed-use project on Hankow Road, Tsim Sha Tsui marks an important step in unlocking the potential of prime urban sites. The Group will continue to focus on its core property business, seize market opportunities with great agility, and drive steady business progress.”
Towering over Prime Tsim Sha Tsui Location, Capturing the Vibrancy of an Urban Lifestyle
The commercial-residential project on Hankow Road, Tsim Sha Tsui is the Group’s latest masterpiece. Situated in the heart of the city, it enjoys the vibrancy of an urban lifestyle and is adjacent to the open green spaces of Kowloon Park. With a well-connected transportation network right on its doorstep and within close proximity to the Hong Kong High-Speed Rail and cultural district in West Kowloon, the project perfectly blends commercial vitality, cultural heritage, and natural landscapes—a unique offering at an unparalleled location. The 27-storey development will offer a diversified property mix spanning residential, retail, and hotel components, each featuring its own dedicated lift lobby, with a total gross floor area of approximately 140,000 sq ft.
The residential units will be located on the upper floors of the development and comprise around 100 units. Rising above the bustling city, select units will enjoy views of Kowloon Park, while others will capture spectacular views of Victoria Harbour—evoking the prestige of luxury residences by New York’s Central Park. Perched above a city oasis, the residences will be meticulously crafted to deliver an elevated living experience. Its hotel component will offer 99 guest rooms, providing visitors with a chic and comfortable accommodation experience. The remaining floor area will be dedicated to commercial use, such as retail shops and restaurants, injecting fresh leisure and vibrant energy into the urban district.