Stock code 00050 Annual Report 2011

Contents 2 Corporate Information 110 3 Directors & Senior Management s Profi le 111 9 Financial Highlights 117 10 Chairman s Statement 118 13 Management Discussion and Analysis 121 15 Report of the Directors 123 24 Corporate Governance Report 132 32 Report of the Auditor 140 34 Consolidated Profi t and Loss Account 142 35 Consolidated Statement of Comprehensive Income 143 36 Consolidated Balance Sheet 144 38 Balance Sheet 146 39 Consolidated Statement of Changes in Equity 147 40 Consolidated Cash Flow Statement 148 42 Notes to the Accounts 150 102 Five Years Summary of Assets and Liabilities 210 103 Ten Years Financial Summary 211 105 Group Properties 213

98 : (852) 2394 4294 (852) 2786 9001 http://www.hkf.com hkferry@hkf.com 00050 28 26 110

FCILT FHKIoD Wiselin Investment LimitedWiselin Graf Investment LimitedGraf Mount Sherpa Limited Mount Paillard Investment Limited Paillard Hopkins (Cayman) LimitedHopkins Rimmer (Cayman) LimitedRimmer Riddick (Cayman) LimitedRiddick Wiselin Graf Mount Paillard Hopkins Rimmer Riddick BSc MBA Glencore International plc 111

OBE ACA FCCA FCPA AAIA FCIB FHKIB 112

DBA (Hon) DSSc (Hon) LLD (Hon) Pataca Enterprises LimitedPataca Wiselin Investment Limited WiselinGraf Investment LimitedGraf Mount Sherpa LimitedMount Paillard Investment LimitedPaillard Hopkins (Cayman) LimitedHopkins Rimmer (Cayman) LimitedRimmer Riddick (Cayman) LimitedRiddick Pataca Wiselin Graf Mount Paillard Hopkins Rimmer Riddick FRICS FHKIS FCIArb MCILT 113

BBS JP BSc FCILT MRINA BA ACA FCPA Vision Values Holdings Limited 114

JP BBS JP 115

DBA FCILT FCIM FHKIoD MHKIE MPIA MCIArb BCS DMS MBA BA CIA CFE CBM PgD MBA CPA FAIA MHKSI BA MBA ACIS ACS FFA 116

635 912-30.4% 565 483 17.0% 128 128 4,729 4,425 6.9% 1.59 1.36 17.0% 36.0 36.0 4.4 3.8 15.8% 12.0 10.9 10.1% 13.3 12.4 7.3% 117

8 118

119

120

121

122

98 3 10.5% 15.8% 123

15 142 209 7,43918,241 14 26(b) 124

103(A) 3.13 111 116 8 125

352 150,000 150,000 0.04% 0.00% 3,313,950 3,313,950 0.93% 0.00% 7,799,220 111,732,090 119,531,310 33.55% 128 6 2,250 2,250 0.00% 111,732,090 111,732,090 31.36% 128 5 1,051,000 1,051,000 0.29% 0.00% 0.00% 126

2OK COMPANY LIMITED 1 5 2 5 3 70 4 70 1. 2OK Company Limited Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited 2OK Company Limited 2. 2OK Company Limited 3. Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited 4. 127

336 1 111,732,090 31.36% Pataca Enterprises Limited 1 70,200,000 19.70% Wiselin Investment Limited 2 41,532,090 11.66% Max-mercan Investment Limited 2 41,532,090 11.66% Camay Investment Limited 2 41,532,090 11.66% 3 111,732,090 31.36% Hopkins (Cayman) Limited 4 111,732,090 31.36% Rimmer (Cayman) Limited 4 111,732,090 31.36% Riddick (Cayman) Limited 4 111,732,090 31.36% 5 111,732,090 31.36% 6 119,531,310 33.55% Graf Investment Limited 1 23,400,000 6.57% Mount Sherpa Limited 1 23,400,000 6.57% Paillard Investment Limited 1 23,400,000 6.57% 111,732,090 1. 111,732,090111,732,090 70,200,000Pataca Enterprises Limited Graf Investment Limited Mount Sherpa Limited Paillard Investment Limited23,400,000 2. 41,532,090 Wiselin Investment LimitedWiselin Wiselin Max-mercan Investment Limited Max-mercan Max-mercan Camay Investment LimitedCamay 111,732,090 3. 111,732,0901 2 Camay 4. 111,732,0901 2 3Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited 5. 111,732,090111,732,0901 2 3 4 6. Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited 1 2 3 4111,732,090 7,799,220119,531,310 128

26(a) 23 210 212 213 215 18 129

31 1 2 3 4 5 Citistore (Hong Kong) Limited Citistore 177 Citistore (i) G01 G31 G35 G50 G51G52G63 G74 127 161 (ii) (iii) 130

31 (i)(ii) (iii) (i) (ii) (iii) 132 139 131

111 115 132

133

134

www.hkf.com 1,407,000 254,000 140 141 135

6/6 1/1 5/6 1/1 6/6 5/6 2/6 6/6 4/6 6/6 2/2 1/1 5/6 2/2 1/1 6/6 2/2 1/1 136

3.13 Wealth Team Development LimitedWealth Team Wealth Team Wealth Team Wealth Team3.13 Wealth Team A.5.4 137

www.hkf.com 2011 2011 138

100 200 1st 2010/11 20112011 139

142 209 141 140

141

3(a) 635,040 911,707 (329,983) (525,937) 305,057 385,770 3(a) 4 27,203 26,519 4 43,633 121,893 3(d) 14 127,438 123,061 17 (44,834) (19,620) (42,160) (46,250) (41,343) (44,829) (46,633) 3(b) 347,798 527,107 5 244,970 910 767 6 593,678 527,874 7(a) (28,553) (44,707) 10 565,125 483,167 13 $1.59 $1.36 150 209 11 142

565,125 483,167 12 (133,382) (30,737) (264) (24) (133,646) (30,761) 431,479 452,406 150 209 143

14 1,010,400 914,650 108,000 99,000 79,684 120,003 48,615 50,361 1,246,699 1,184,014 16 25,390 40,092 17 487,691 593,762 18(a) 11,189 11,087 25(c) 5,961 8,134 1,776,930 1,837,089 19 55,732 20(a) 2,202,271 1,784,682 21 249,011 215,047 22 684,813 753,670 25(a) 31,655 7,087 3,167,750 2,816,218 23 326 24 174,382 186,807 25(b) 32,217 39,343 206,599 226,476 2,961,151 2,589,742 4,738,081 4,426,831 25(c) 9,472 1,443 4,728,609 4,425,388 144

26(b) 356,274 356,274 4,372,335 4,069,114 4,728,609 4,425,388 150 209 145

15 4,346,151 4,141,960 16 2,902 2,902 17 45 45 18(a) 11,189 11,087 4,360,287 4,155,994 21 2,073 1,917 22 1,802 581 3,875 2,498 15 600,731 366,018 24 7,841 6,754 608,572 372,772 (604,697) (370,274) 3,755,590 3,785,720 26(a) 26(b) 356,274 356,274 3,399,316 3,429,446 3,755,590 3,785,720 150 209 146

26(b)26(c)26(c)26(c) 356,274 1,398,527 177,137 893 2,168,409 4,101,240 483,167 483,167 (30,737) (24) (30,761) (30,737) (24) 483,167 452,406 11 (92,631) (92,631) 11 (35,627) (35,627) 356,274 1,398,527 146,400 869 2,523,318 4,425,388 565,125 565,125 (133,382) (264) (133,646) (133,382) (264) 565,125 431,479 11 (92,631) (92,631) 11 (35,627) (35,627) 356,274 1,398,527 13,018 605 2,960,185 4,728,609 150 209 147

593,678 527,874 8,840 10,806 1,376 1,380 2,266 31 44,834 (37,400) (36,191) (42) (127) (244,970) (127,438) (123,061) (682) (984) (42,194) (23,815) (20,078) (17,970) (12,005) (910) (767) (16) (24) (395,927) (223,214) 197,751 304,660 (102) (246) (391,375) (1,236,430) 17,453 282,940 (35,671) (97,957) (409,695) (1,051,693) (211,944) (747,033) (50,045) (38,246) 67 (50,045) (38,179) (261,989) (785,212) 148

22,652 19,950 (1,717) (3,168) (15,044) (29,926) 50 146 15,367 40,364 493 108,161 127,615 5,820 69,891 277,930 16,165 12,343 321,716 345,376 (128,258) (128,258) (128,258) (128,258) (68,531) (568,094) 753,344 1,321,438 22 684,813 753,344 150 209 149

1 (a) 1(c) (b) 1(h) 1(f) 1(g) 2 150

1 (c) 24 24 24 7 27 (d) 1(k) 151

1 (e) 1(k) 1(f) 1(k) (f) 152

1 (f) 1(t)(vii) 1(k) 1(k) (g) (h) 1(j) 1(t)(ii) 1(j) 1(j) (i) 1(k) 153

1 (i) 40 8 15 30 40 4 10 (j) (i) 1(h) 154

1 (j) (ii) 1(h)1(l)(iv) (k) (i) 1(e) 1(k)(ii) 1(k)(ii) 155

1 (k) (i) (ii) 156

1 (k) (ii) (l) (i) (ii) 157

1 (l) (iii) (iv) (m) 1(k) (n) (o) 1(s)(i) 158

1 (p) (q) (i) (ii) (r) 159

1 (r) 1(h) 160

1 (r) (s) (i) 1(s)(ii)(i) (ii) 161

1 (s) (ii) (t) (i) (ii) (iii) (iv) 162

1 (t) (v) (vi) (vii) (u) (v) (w) (x) (a) (i) (ii) (iii) 163

1 (x) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (y) 164

2 14(a) 18 27 (a) (b) 66,958,000 79,988,000 (c) 19 (d) 165

3 166

3 (a) 286,349 542,286 286,349 542,286 56,779 50,311 65 59 56,714 50,252 117,960 142,651 3,496 2,713 114,464 139,938 164,495 175,700 101 99 164,394 175,601 18,672 12,518 18,672 12,518 68,944 60,600 47,294 42,969 21,650 17,631 713,199 984,066 50,956 45,840 662,243 938,226 635,040 911,707 27,203 26,519 662,243 938,226 167

3 (b) 156,033 227,925 3(d) 189,288 179,687 5,535 9,936 1,992 2,359 (25,986) 51,895 3(e) 20,936 55,305 347,798 527,107 (c) 347,798 527,107 5 244,970 910 767 593,678 527,874 (d) 127,438,000 123,061,000 (e) 168

3 (f) 25 32 113 31 21 7,625 8,854 2,153 644 1,620 1,826 2,677 149 1,434 44,834 740 623 903 114 10,216 12,186 47,100 31 1,717 3,168 4 8,502 8,301 6,306 5,729 2,474 5,049 9,921 7,440 27,203 26,519 169

4 42,194 2,824 38,436 37,400 36,191 682 984 680 346 891 314 42 127 1,114 3,301 43,633 121,893 5 280,800,000 244,970,000 6 (a) 18(a)(v) (102) (246) 2,518 2,056 2,416 1,810 79,221 75,899 81,637 77,709 170

6 ( ) (b) 1,376 1,380 8,840 10,806 20(b) 132,206 311,706 1,407 1,311 254 240 4,673 4,586 2,266 31 23,065,00021,289,000 (18,658) (15,451) 1,022,000936,000 (8,319) (6,829) (23,815) (20,078) (17,970) (12,005) 7 (a) 18,459 25,661 (108) (62) 18,351 25,599 10,202 19,108 28,553 44,707 171

7 ( ) (b) 593,678 527,874 97,957 87,100 8,897 7,523 (83,316) (30,801) 607 621 (340) (2,169) (922) 3,250 5,778 (20,755) (108) (62) 28,553 44,707 8 200 150 150 100 100 50 100 50 100 50 100 50 100 50 300 250 300 250 300 250 1,750 1,250 172

9 6,005 5,751 76 38 6,081 5,789 1,000,000 3 3 1,000,001 1,500,000 1 1 1,500,001 2,000,000 2,000,001 2,500,000 1 1 10 98,128,000 93,174,000 11 173

11 (a) 35,627 35,627 92,631 92,631 128,258 128,258 (b) 92,631 92,631 12 (178,216) 11,759 (42,496) 44,834 (133,382) (30,737) 174

13 565,125,000 483,167,000 356,273,883 356,273,883 14 69,211 70,138 131,103 282,343 552,795 837,900 89,000 160,084 1,639,779 375 234 2,559 3,168 3,168 (2,611) (2,611) (149) (1,043) (1,192) (33,700) (34,892) 113,061 10,000 123,061 69,211 70,364 131,337 283,859 554,771 914,650 99,000 160,084 1,728,505 69,211 70,364 131,337 283,859 554,771 160,084 714,855 914,650 99,000 1,013,650 69,211 70,364 131,337 283,859 554,771 914,650 99,000 160,084 1,728,505 34,131 57,466 121,417 212,121 425,135 108,343 533,478 1,916 758 3,186 4,946 10,806 1,380 12,186 (149) (1,024) (1,173) (1,173) 36,047 58,075 124,603 216,043 434,768 109,723 544,491 33,164 12,289 6,734 67,816 120,003 914,650 99,000 50,361 1,184,014 175

14 69,211 70,364 131,337 283,859 554,771 914,650 99,000 160,084 1,728,505 89 78 1,550 1,717 1,717 (1,888) (1,888) (69,211) (238) (44) (7,864) (77,357) (20,800) (677) (98,834) 118,438 9,000 127,438 70,215 131,371 277,545 479,131 1,010,400 108,000 159,407 1,756,938 70,215 131,371 277,545 479,131 159,407 638,538 1,010,400 108,000 1,118,400 70,215 131,371 277,545 479,131 1,010,400 108,000 159,407 1,756,938 36,047 58,075 124,603 216,043 434,768 109,723 544,491 1,285 658 1,854 5,043 8,840 1,376 10,216 (37,332) (44) (6,785) (44,161) (307) (44,468) 58,733 126,413 214,301 399,447 110,792 510,239 11,482 4,958 63,244 79,684 1,010,400 108,000 48,615 1,246,699 176

14 (a) (b) 1,070,497 989,664 108,000 119,800 1,178,497 1,109,464 (c) 17,617 25,144 9,176 19,958 26,793 45,102 177

15 166,888 166,888 4,981,053 4,876,653 (801,790) (901,581) 4,346,151 4,141,960 12,000,030 100% 17,000,000 100% 2 100% 25,000,000 100% 21,700,000 100% 3,500,000 100% 100,000,000 100% 2 100% 178

15 1,350,000 100% 2 100% Pico International Limited 6,000,000 100% 2 100% Thommen Limited 20 100% 2 100% 2 100% 2 100% Merry World Assets Limited 390,000 100% 1 100% 1 100% 1 100% 1 100% Merry World Assets Limited 179

16 5,321 5,401 26,539 41,161 9,372 9,372 31,860 46,562 9,372 9,372 (6,470) (6,470) (6,470) (6,470) 25,390 40,092 2,902 2,902 31(b)(ii)2OK Company Limited 2OK 2OK 10 50% Authian Estates Limited 5,000 A 5,000 B 50% 100 30% 180

16 22,456 (17,135) 5,321 3,957 910 36,340 (30,939) 5,401 4,326 767 17 45 45 45 45 13,781 325,849 451,361 148,016 142,356 473,865 593,717 487,691 593,762 45 45 487,646 593,717 51,866 44,834,000 1(k)(i) 181

18 (a) (i) (38,811) (35,711) 44,015 51,085 5,985 (4,287) 11,189 11,087 182

18 (a) (ii) 21.5% 26.9% 0% 0.1% 78.5% 73.0% 100.0% 100.0% (iii) 35,711 35,188 1,447 1,492 993 839 (3,383) (1,024) 4,043 (784) 38,811 35,711 (iv) 51,085 51,358 2,542 2,556 (3,383) (1,024) (6,229) (1,805) 44,015 51,085 183

18 (a) (v) 1,447 1,492 993 839 (2,542) (2,556) (21) (102) (246) (102) (246) 3,687,000751,000 (vi) 1.3% 2.8% 4% 5% 3% 3% 3% 184

18 (a) (38,811) (35,711) (35,188) (40,002) (39,371) 44,015 51,085 51,358 51,549 70,031 5,204 15,374 16,170 11,547 30,660 607 178 (261) (3) (237) 6,229 1,805 (857) 14,145 261 (b) 20,000 185

19 9,000 7,035 55,732 20 (a) 2,049,533 1,510,959 143,926 266,625 2,193,459 1,777,584 296 418 3,160 3,012 5,356 3,668 8,812 7,098 2,202,271 1,784,682 186

20 (a) 2,049,533,000 1,510,959,000 (b) 132,206 311,706 21 159,071 164,186 (2,266) (31) 156,805 164,155 92,206 50,892 2,073 1,917 249,011 215,047 2,073 1,917 82,810,00096,420,000 187

21 ( ) (a) 147,958 154,077 6,929 6,731 759 3,022 1,159 325 156,805 164,155 27(a) (b) 1(k)(i) 31 542 2,266 31 (31) (542) 2,266 31 2,266,00031,000 2,266,000 31,000 188

21 (c) 147,958 154,077 6,929 6,731 759 3,022 1,159 325 8,847 10,078 156,805 164,155 189

22 658,938 726,927 25,875 26,743 1,802 581 684,813 753,670 1,802 581 23 (326) 684,813 753,344 4 14,682 4 4 37,856 36,029 98,497 23 326 27(b) 190

24 4,149,0004,613,000 96,525 109,496 179 83 650 97,354 109,579 25 (a) 17,323 16,942 (15,000) (22,485) 2,323 (5,543) (33,978) (1,544) (31,655) (7,087) 191

25 (b) 1,136 8,719 (734) (3,540) 402 5,179 31,815 34,164 32,217 39,343 (c) 10,505 (16,706) (19,598) (25,799) 7(a) 2,034 3,496 13,578 19,108 12,539 (13,210) (6,020) (6,691) 7(a) 5,474 2,162 2,566 10,202 18,013 (11,048) (3,454) 3,511 192

25 (c) ( ) (5,961) (8,134) 9,472 1,443 3,511 (6,691) (d) 1(r) (i) 149 25 1,689 279 (ii) 68,281 11,266 89,775 14,813 68,430 11,291 91,464 15,092 193

26 (a) 26(b) 356,274 1,398,527 2,066,003 3,820,804 93,174 93,174 11 (92,631) (92,631) 11 (35,627) (35,627) 356,274 1,398,527 2,030,919 3,785,720 98,128 98,128 11 (92,631) (92,631) 11 (35,627) (35,627) 356,274 1,398,527 2,000,789 3,755,590 194

26 (b) 550,000,000 550,000,000 550,000 550,000 356,273,883 356,273,883 356,274 356,274 (c) (i) B (ii) 1(f) (iii) 1(i) 195

26 (d) B 1,533,293,0001,563,377,000 92,631,000 92,631,00011 (e) 27 (a) 196

27 (a) 30 21 (b) 197

27 (b) 326 326 326 170,233 2,628 1,521 174,382 174,382 182,194 3,233 1,380 186,807 186,807 170,233 2,628 1,521 174,382 174,382 182,520 3,233 1,380 187,133 187,133 600,731 600,731 600,731 366,018 366,018 366,018 7,841 7,841 7,841 6,754 6,754 6,754 608,572 608,572 608,572 372,772 372,772 372,772 198

27 (c) 29,891 34,115 (29,891) (34,115) 12,135 (12,135) 199

27 (d) 1719 19 05,573,000 48,765,00059,376,000 (e) (i) 1 2 3 200

27 (e) (i) 1 2 3 487,646 487,646 1 2 3 593,717 593,717 55,732 55,732 593,717 55,732 649,449 1 2 3 201

27 (e) (ii) (1) 5,131 4,141 (2) 45 45 (1) 2,902 2,902 (2) 45 45 (3) 4,981,053 4,876,653 (1) 2OK14,938,000 30,550,000 (2) (3) (f) (i) (ii) 202

28 5,003 4,848 1,977 4,639 6,980 9,487 29 1,101,366 92,659 930,724 1,101,366 1,023,383 203

30 1,762,0001,942,000 31 (a) 8 9 4,999 4,715 40 38 5,039 4,753 6(a) 204

31 ( ) (b) (i) 11127 18,000,000 18,000,000 1,500,000,000 7,997,000 7,948,000 (ii) (iii) 2OK Company Limited2OK 2OK 2OK 500,0001,050,000 2OK2OK 420,0001,010,000 2OK 14,938,00030,550,000 2OK 1,277,0001,082,000 697,000599,000 1. 2. 14A.33 205

31 (b) (iv) 220 222 3,033,000 3,000,000 3,000,000 8,500,000 8,500,000 (v) 16,000,000 5,500,000 6,500,000 5,515,000276,000 9,491,000 23,040,000 206

31 (b) (vi) 280,000142,241,000 (i) (ii) 1,000 350,000120,000,000 (i) (ii) 60,0006,600 7,666,000 7,214,000 (vii) 2,000,000 400,000200,000 200,000400,000 318,000 (viii) 5,000,0008,500,000 1,104,000 1,104,000 207

31 (b) (ix) 8 350,000 2,500,000 5,000,000 5,000,0001,000,000 3,586,000 767,000 (x) 177 7,000,000 4,752,000 4,752,000 (xi) 23,762,000 6,903,000 23,762,000 (xii) 1,490,000 1,292,000 1,292,000 (xiii) 208

31 (b) (xiv) A 32 11 33 9 10 11 12 13 209

950 1,034 1,106 1,184 1,247 152 109 80 40 25 1,007 476 1,511 2,050 841 330 854 661 499 58 74 28 8 6 1,098 1,499 2,396 1,249 1,118 4,106 3,522 4,464 4,653 4,945 393 549 363 228 216 3,713 2,973 4,101 4,425 4,729 210

1,345 1,041 994 764 708 673 522 2,139 912 635 341 265 328 257 131 389 (527) 1,095 483 565 100 100 118 118 118 128 128 128 128 128 3,060 3,006 3,207 3,381 3,411 3,713 2,973 4,101 4,425 4,729 95.8 74.3 92.0 72.1 36.8 109.2 (147.9) 307.5 135.6 158.6 28.0 28.0 33.0 33.0 33.0 36.0 36.0 36.0 36.0 36.0 3.4 2.6 2.8 2.2 1.1 3.0 8.5 3.8 4.4 11.1 8.8 10.2 7.6 3.9 10.5 (17.7) 26.7 10.9 12.0 8.6 8.4 9.0 9.5 9.6 10.4 8.3 11.5 12.4 13.3 211

212

1. 177 177 (S.T.T. 1364(N)) 8,900 50,278 100 204 214 NKIL48 s.b. R.P., s.b.ss.1r.p., R.P., s1& sh 614 5,016 100 555 582 5,240 100 2. 83 11159 3,881* 100 8 38 689* 100 213

3. 8 11127 23,549 2047 332695 405 2047 20 124 3039A 3039 3042 1,912 2047 83 11159 2,469 2054 8 38 2,300 2047 52 56 1697 1,320 2080 214

4. 98 102 19,740 2047 100 2614 619 B C 4,233 2047 100 2 431 487 569 635 637 28,606 2047 50 2 498 499 588 591 849 2047 100 * 215

Fanling Sheung Shui Town Lot No. 177 The Group acquired at a public land auction in May 2010, Fanling Sheung Shui Town Lot No. 177 located at the junction of Ma Sik Road and Sha Tau Kok Road (Lung Yeuk Tau Section), Area 19, Fanling, New Territories with a site area of approximately 95,800 sq.ft. designated for residential-cum-commercial use. The development comprises 3 residential towers built on a 2 storey commercial podium with a total gross fl oor area of approximately 540,000 sq.ft. The Group expects that the residential units of the project to be sold in the second half of the year.

The Spectacle 8 Cho Yuen Street, Yau Tong The residential units are currently on sale and 4 units remained to be sold as at year end 2011. The total gross fl oor area is approximately 165,000 sq.ft., comprising 140,000 sq.ft. for residential use and 25,000 sq.ft. for non-residential use. Shining Heights 83 Sycamore Street The residential units are currently on sale and 18 residential units remained to be sold as at year end 2011. The project is a 60-storey building, 700 feet high, with gross fl oor area of approximately 336,000 sq.ft. It is the highest building in the district with commanding views of the Central District and the Lion Rock. The spacious clubhouse of approximately 30,000 sq.ft. has comprehensive facilities, including Star Theatre with the latest Stewart 138" perforated curve screen, outdoor swimming pool, banquet room, gymnasium, spa area, karaoke room, children play area, and sauna rooms, etc.

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