Case Studies

Tribeca Place

2 Ping Lan Street, Ap Lei Chau

Bought distressed asset in undiscovered waterfront enclave, years ahead of South Island line MTR extension and Wong Chuk Hang boom

Repositioned property from low-income rent profile with illegal structures, into spacious high-end loft style residences for long stay lease

Acquisition Year
2011
Area
6,000 sq. ft.
Renovation

Demolished 15 single units

Cleared all Building Orders

Full interior & facade lift

Annual Rent

Increased from

HK$ 450k to HK$ 2.4m

Gross Equity Multiplier*
4.67x
Gross IRR*
24.63%
*Based on latest valuation