Henderson Land Development’s vision for the waterfront of Hong Kong’s Central district is one step closer to reality with the city’s Town Planning Board approving the developer’s designs for a HK$73 billion ($9.3 billion) commercial project.
The design plan for the 172,819 square metre (1.8 million square foot) project known as Site 3, which adjoins the IFC complex in Central, was approved on Friday, according to sources who attended the Town Planning Board meeting. Hong Kong’s third-largest developer by market capitalisation submitted the plan last November, after securing the site with a record HK$50.8 billion bid a year prior.
