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Great Eagle Holdings Introduces New Waterfront Residential Development “ONTOLO” in Pak Shek Kok, Tai Po

20 Sep 2018

HONG KONG, 20 September, 2018 – Great Eagle Holdings announced today that its latest residential project has been officially named “ONTOLO 朗濤. The project is located at No. 7 Fo Yin Road, Pak Shek Kok, Tai Po1, adjacent to the Pak Shek Kok Promenade. It sits amidst magnificent natural landscapes2, and offers panoramic views of Tolo Harbour2, the green rolling hills between Ma On Shan and Pat Sin Leng2, and the scenic Kau To Shan on the inland side2. Within walking distance of the innovative tech hub Hong Kong Science Park, and near the heart of knowledge – Chinese University of Hong Kong, ONTOLO sets a new standard for high quality waterfront living in Pak Shek Kok.

Mr. Alexander Lo, Executive Director of Great Eagle Holdings Limited stated, “As one of the Group’s key development projects, ONTOLO builds on our 40-year expertise to steer a new development model based on innovation, sustainability, unique design and exceptional quality. While having our roots in Hong Kong, we’ve long since expanded our horizons across the globe and continue to develop internationally. We continue to bring the world’s finest designs, materials and ideas to this new project, creating a distinctive waterfront living style. Surrounded by beautiful natural landscapes, we combine the project’s extensive facilities to allow a serene environment that residents can call home. I am confident that ONTOLO will become a new landmark in the area as well as another representative work by The Group.”

On the origins of the name ONTOLO朗濤, Mr. Lo added, “ONTOLO is derived from the word ‘Ontology’ – a philosophical study on the nature of being. In our context, this refers to the concept of ‘home,’ which evokes different experiences and sentiments for every individual or family. ONTOLO also plays on the description ‘ON the TOLO Harbour’ to underscore the superior location of the project. The Chinese characters 朗濤 brings about a sense of openness and brightness, and specifically refers to the project’s panoramic harbour view. In addition, echoes the names of our existing properties 朗豪坊Langham Place and 朗廷酒店Langham Hotels, inheriting our hallmark of excellence and international renown.”

Ms. Janet Leung, Deputy General Manager of Sales and Marketing of Great Eagle Real Estate Agency Limited stated, “ONTOLO is meticulously designed, comprising eight 14-storey buildings and two 4-storey low-rises, including one- to four-bedroom residential units. Offering 723 spacious and comfortable units2 with expansive glass window and featuring contemporary architectural designs, ONTOLO will be a new icon in the area and will set a new benchmark for quality living. ONTOLO offers a wide range of layouts for standard units, with one-bedroom units accounting for about 28% of the development; two-bedroom units, 35%; three-bedroom units, 27%; and four-bedroom units 10%. The saleable area3 of the units range from approximately 350 square feet to approximately 2,000 square feet. There will be special units with gardens or rooftop terraces, as well as stunning sea view flats2. In addition, the property benefits from a clubhouse4 offering a comprehensive range of facilities catering to the diverse needs of residents. The spacious clubhouse4 blends in harmoniously with its surroundings, and includes a large open area – ‘the Great Lawn’, as well as indoor and outdoor swimming pools, a fitness room, a music room, a multi-purpose room, a banquet hall, a children’s playroom and an art gallery.”

“ONTOLO is currently awaiting approval for its application of pre-sale consents. We are now actively preparing the sales brochure as well as the sales office and show suites, and expect to commence sales within the first half of next year.”

About Great Eagle Group

The Great Eagle Group (Stock Code: 41) was founded in 1963, and was listed on the Hong Kong Stock Exchange in 1972. The Group’s principal holdings include Champion Real Estate Investment Trust (Stock Code: 2778) and Langham Hospitality Investments (LHI) (Stock Code: 1270), which were both listed in Hong Kong in 2006 and 2013, respectively. The Group was founded in Hong Kong, and has now established a global presence. Being a Hong Kong developer, the Group also owns and manages an extensive international hotel portfolio under “The Langham” brand and its affiliate brands. Headquartered in Hong Kong, the Group develops, invests in and manages high quality residential, office, retail and hotel properties across Asia, North America, Australasia and Europe.

For the property portfolio, Champion REIT (Stock Code: 2778) owns a Grade-A commercial office space at Three Garden Road in the central business district of Hong Kong, as well as the office tower and shopping mall of Langham Place in Mongkok, Kowloon. For the hotel portfolio, the Group owns more than 10 luxury hotels globally and manages over 20 international hotels, operating under “The Langham” and its affiliate brands, with a total number of rooms exceeding 9,000. In addition, LHI (Stock Code: 1270) owns the three hotels in Hong Kong, including The Langham, Hong Kong in Tsim Sha Tsui; Cordis Hotel, Hong Kong in Mongkok; and Eaton, Hong Kong in Jordan.

The Group’s development projects in progress include a residential project at Pak Shek Kok, Tai Po, Hong Kong, three development projects in San Francisco and Seattle, USA, as well as a hotel redevelopment project in Tokyo, Japan.

Notes

  1. The provisional street number is subject to confirmation when the Development is completed
  2. The above are the general descriptions of the views from the Development, views are affected by the floors, directions and the surrounding buildings, they are not applicable to all units, and please note that there may be future changes to the surrounding area of the Development. These descriptions shall not constitute or be construed as giving any undertaking, representation or warranty whether express or implied by the Vendor regarding the views and surrounding areas 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.
  3. The saleable area, including the gross floor area of the residential property and the floor area of balcony, utility platform and verandah (if any) are calculated in accordance with Section 8 of the Residential Properties (First-hand Sales) Ordinance. The saleable area does not include the area of each item specified in Part 1 of Schedule 2 of the Residential Properties (First-hand Sales) Ordinance. The areas as specified above in square feet are converted at a rate of 1 square meter = 10.764 square feet and rounded to the nearest whole square feet, which may be slightly different from that shown in square meter.
  4. Details of clubhouse may differ from those described in this advertisement/promotion material upon completion, and shall be subject to the final plans approved by the relevant Government authorities and legal documentation. The opening hours and use of different clubhouse facilities of the Development are subjected to relevant laws, land grant, DMC, clubhouse code of use and environmental conditions. Clubhouse facilities may not be immediately available for use upon the delivery of vacant possession of the units and fees may be charged for the use of the clubhouse and different recreational facilities. The names of the clubhouse facilities are pending, and may differ upon completion. They will not be used in the preliminary and formal agreement for sale and purchase, assignment or other legal documents. The Vendor reserves the right to make modification and changes according to the actual circumstances without prior notice.

ONTOLO – Photo of the development site and its surroundings

This image was taken on 11th June, 2018 in the mid-air by drone near the development site, and has been edited and processed with computerized imaging technique. It is for reference purpose only and do not constitute any offer, undertaking, representation or warranty whatsoever, whether express or implied. This image only shows the approximate location and surrounding area of the Development, it does not illustrate the final appearance of or the view of or from the Development or any part thereof upon completion. Please note that there may be future changes to the surrounding area 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. The location tags as shown in the photo only indicates the approximate location and may change from time to time, shown for reference only.

Presale consent of ONTOLO (“the Development”) has not yet been obtained. As the date of publication of this advertisement/promotional material, the sales brochure of the Development is not yet made available for collection by the public.

District: Pak Shek Kok (East)

Name of the Street and the Street Number of the Development:

7 Fo Yin Road^

The website address designated by the Vendor for the Development: www.ontolo.com.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: Ease Treasure Investment Limited

Holding companies of the Vendor: Great Eagle Holdings Limited, Jolly Trend Limited, The Great Eagle Company, Limited, Giant Mix International Limited, Super Joy Investments Limited

Authorized Person: Chau Tak Ho Kenneth

Firm or corporation of which the authorized person for the Development is a proprietor, director or employee in his or her professional capacity: CYS Associates (Hong Kong) Limited

Building contractor for the Development: Gammon Engineering & Construction Company Limited

Firm of solicitors acting for the owner in relation to the sale of residential properties in the Development: Mayer Brown

Authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Development: Hang Seng Bank Limited (as security agent)

Any other person who has made a loan for the construction of the Development: The Great Eagle Company, Limited

The estimated material date for the Development as provided by the authorized person to the best of the Vendor’s knowledge: 29th May, 2020

(“Material Date” means the date on which the conditions of the land grant are complied with in respect of the Development. The estimated Material Date is subject to any extension of time that is permitted under the agreement for sale and purchase.)

The photos and drawings shown in this advertisement/promotional material do not illustrate the final appearance of or the view of or from the Development upon completion. They have been processed with computerized imaging techniques. The fittings, finishes, appliances, decorations and other objects therein may not appear in or the view may not be seen in or from the Development or its surrounding area. They are for reference purpose only and do not constitute any offer, undertaking, representation or warranty whatsoever, whether express or implied, on the part of the Vendor regarding the Development or any part thereof.

All information contained in this advertisement/promotional material shall be subject to the final plans approved by the relevant Government authorities and legal documentation. The Vendor reserves the right to make modification and changes according to the actual circumstances without prior notice.

This advertisement is published by the Vendor or by another person with the consent of the Vendor.

^The provisional street number is subject to confirmation when the Development is completed

#The 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.

Date of production: 20th September, 2018

END ─

This press release is published by Bentley Communications Ltd. with the consent of the Vendor. For enquiry, please contact Ms. Donna Si, Group Account Direct at 3960 1910 / 9366 4507 or Ms. Rebecca Lau, Account Manager at 3960 1917 / 9091 8934.