Asset Enhancement Initiatives - 9 Chong Yip Street

Following the acquisition of 9 Chong Yip Street in early 2014, we have promptly embarked on a large-scale asset enhancement program involving the building exterior as well as the common areas, with the goal of fully unlocking the property's potential and reflecting its strategic location in Kowloon East.

Information and progress of the AEIs

Well ahead of the completion of the acquisition, we had planned an asset enhancement program to modernize the building with designs in line with similar properties in the vicinity. The program is expected to be completed by the first half of 2015, and encompasses the following works:

  • Renovation of the lower portion of the external façade
  • Renovation of ground floor lobby
  • Renovation of passenger lift lobbies, common corridors and common washrooms on typical floors
  • Construction of a rooftop garden

Pre-acquisition: Façade
Pre-acquisition: Ground floor lobby
Pre-acquisition: Passenger lift lobby
Pre-acquisition: Common corridor
Pre-acquisition: Male washroom
Pre-acquisition: Female washroom
Pre-acquisition: Disabled washroom

The acquisition was successfully completed on 22 January 2014. Our planned AEI program subsequently commenced in March 2014.

Renovation of the lower portion of the external façade and ground floor lobby were completed at the end of
July 2014.

New façade with a contemporary look enhancing visibility of the building
Refurbished ground floor lobby with an elegant style gives visitors a good first impression

Renovation of the passenger lift lobbies, common corridors and common washrooms on typical floors have been completed.

Makeover of the passenger lift lobbies and common corridors with contemporary interior designs, such as brighter lightings and homogeneous tile floorings, to improve the marketability of the property
Upgraded male washrooms with more urinals and panels for tenants' additional convenience and privacy
Upgraded female and disabled washrooms with new sanitary equipments providing a comfortable and clean environment

A roof garden was set up in 1H2015 at 9 Chong Yip Street in order to provide green building facilities for tenants’ enjoyment.
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