Cheung Kong Property Holdings Limited (CKPH), one of the largest real estate developers in Hong Kong, revealed today its latest project, the Stars of Kovan. The luxe property is inspired by the grace and subtlety of the English and exude an air of British sophistication. Located at the junction of Upper Serangoon Road and Tampines Road, Stars of Kovan is targeted to launch in April 2016.
The 99-year leasehold Stars of Kovan is made up of four high-rise towers with 390 residential apartments and five strata terrace units. The project features a good mix of unit types to meet the diverse needs of home buyers – 61% are two-bedroom units, 23% are one-bedroom units and 15% are three-bedroom units – with sizes ranging from 506 to 1023 square feet. Each of the five strata terrace units are three storeys high, with an area of about 1,830 square feet.
The development is primed to become an iconic landmark of Kovan. In addition to its residential apartments towering at 17 storeys, the 46 British-inspired commercial shops, situated on the street level, with further enhance the grandeur and value of the development. The commercial units will likely be put up for sale even before the launch of the residential units.
“Stars of Kovan is our eighth residential project, and the first residential-cum-commercial development, to be launched in Singapore. Our commitment to maintaining a balanced portfolio in this country has been, and will continue to be, unrelenting. Our confidence in Singapore’s financial stability and market outlook is also strong and unwavering.” said Mr. Justin Chiu, Executive Director of CKPH.
Stars of Kovan is only a two-minute walk from Kovan MRT station and a quick drive away from the Central and Kallang-Paya Lebar Expressways, giving residents a bevy of travel options to choose from on their way to school, work or play. Additionally, the property lies within close proximity to reputable local and international educational institutions such as Rosyth School, Holy Innocents’ High School, Paya Lebar Methodist Girls’ School, Maris Stella High School, Stamford American International School, DPS International School and Lycee Francais de Singapour.
“The residence is designed for individuals who appreciate not only the glamour of luxe living, but also the grace of subtlety. Our marketing campaign will roll out primarily in Singapore and simultaneously in Hong Kong and Britain. We are confident that, with our reputation and track record, the project will appeal to both local home buyers and foreign investors who savour the unique lifestyle made available by Stars of Kovan,”
About Cheng Kong Property Holdings Limited
Cheung Kong Property Holdings Limited (“Cheung Kong Property” or “the Group”) is one of the largest property developers in Hong Kong. It has a leading market share in Hong Kong, a strong penetration in the Mainland China, and an international presence through its operations in Singapore, the United Kingdom and The Bahamas.
With its long history of property development expertise, the Group has built many of Hong Kong’s most notable landmark buildings and complexes. About one in seven private residences in Hong Kong were developed by the Group.
As a fully-integrated, multi-disciplinary property developer, Cheung Kong Property has a diverse range of capabilities. Its principal activities encompass residential, commercial and industrial property development and investment; hotel and serviced suite operation; and property and project management.
The Group’s business scope also comprises unitholding interests in listed real estate investment trusts. These include Fortune REIT (stock code: 778), Property REIT (stock code: 808), and Hui Xian REIT (stock code: 87001). The Group also has interests in ARA Asset Management Limited (which is the holding company of the managers of Fortune REIT and Prosperity REIT) and Hui Xian Asset Management Limited (which is the manager of Hui Xian REIT).
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