SHKP's multi-purpose boutique development W668 in West Kowloon
Ground floor duplexes to be launched this week

Developed by Sun Hung Kai Properties Limited (SHKP), the brand new multi-purpose boutique development 'W668' at the core business section on Castle Peak Road, Cheung Sha Wan enjoys a premier location in close proximity to MTR station and various main routes that makes travelling to other parts of Hong Kong and the Mainland China convenient, unlocking enormous development and investment potential. W668 extends the Work+ concept with thoughtful hotel-style services provided by a professional property management team. The architectural design of the development is people-oriented and encourages the importance of work-life balance, and the Sky Garden on 13th floor gleams with the new century's charms. W668 has received keen market interest since its launch in early April, with around 90% of the floor area sold almost immediately. The Developer is planning to put the ground floor duplex units on the market this week.

SHKP Deputy Managing Director Victor Lui said: 'W668 is popular in the market with very encouraging sales. In just two weeks' time since its launch in early April, all 18 standard floors, equalling nearly 90% of the entire property's floor area were sold, bringing around one billion dollars revenue to the Group. In light of such strong sales, the Group has decided to put the duplex units on ground floor on the market this week at an expected price of $20,000 per square foot. The project is expected to attract major purchasers, and will surely become the next jewel of the market.'

Sun Hung Kai Real Estate Agency Deputy Property Investment Manager Rene Wong said: 'W668 is launching the ground floor duplex units this week. The sales arrangement for the much anticipated remaining top-floor special units with rooftops will be announced at a later date. The expected capital gain from the entire development is expected to be over 1.2 billion dollars. The sales of W668 have been very ideal in the past two weeks, and a lot of purchasers have said that they are confident with the brand image and quality of SHKP. Additionally, they find the special offers (stamp duty cash rebate) and the renovation packages highly attractive, and the mortgage arrangement is flexible and thoughtful. We will continue to strive for perfection in every detail of the development.'

About W668

W668 is the brand new boutique industrial building development by Sun Hung Kai Properties Limited (SHKP) at 668/680 Castle Peak Road. The property is 23-storey high and offers typical units with gross area from around 719 square feet to whole-floor of around 5,900 square feet. Each unit on typical floor has its own restrooms. The gross area of duplex units on ground floor is around 700 square feet up, whilst the top-floor special units come with exclusive flat roofs and internal staircase to private roofs, creating a more relaxing and unrestrained work environment. W668 is located at the core business section on Castle Peak Road, Cheung Sha Wan. The premier location is only a 2-minute walk away from Lai Chi Kok MTR Station, and is surrounded by a wide range of bus and minibus routes to all districts, offering utmost transport convenience.

Sun Hung Kai Properties Ltd. issued this content on 19 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 07:47:22 UTC

Original Document: http://www.shkp.com/en-US/Pages/press-release-detail/2293