Magazine of The American Chamber of Commerce in Hong Kong
June 2018
Smart City Driver Navigating speed bumps in the mobility sector
Head in the Clouds, Feet on the Ground A pragmatic approach to sustainability
Washington Doorknock Photos And more...
XT Khaw, a speaker at Amcham’s Smart City Summit
Cover Sponsor
AC CE PR PTIN E-P G A RIM PP AR LICA Y T TI O G ON RA S FR DE OM 8
BOOK A SCHOOL TOUR
YEAR IN REVIEW
A LOOK BACK AT THE FIRST YEAR OF STAMFORD HONG KONG
Since Stamford American School officially opened its doors on September 4th, 2017 to Pre-primary to Grade 7 students, a lot has happened this year, here are just a few highlights:
Inspiring Global Mentors Stamford invited mentors from diverse disciplines to inspire and work with students. Sarah Brennan, famous Hong Kong author, ran workshops to instill reading and writing skills. Students also learned about working in a tech startup from Bay McLaughlin, co-founder of Brinc.io. Cesar Jung-Harada, Director of MakerBay, worked with students to build boats: 3-D printed boats, upcycled motor boats and life size boats that were tested in the Stamford pool. Outside the classroom, children got some court time with Performance Coach of the Shanghai Sharks, James Scott. Each week in the CCA program, students are taught by a prima ballerina and Olympic fencer.
Innovative STEMinn Projects In addition to the amazing STEMinn boat project, students at Stamford did some amazing things this year. A big highlight was the “Shark Tank” where the Grade 5 students presented their own ideas to save the world to peers and the “sharks”. The winning idea was a campaign around encouraging companies to use paper made from bamboo and bagasse sugarcane. In Grade 3, students learned about solar energy and built solar lights to donate to Papua New Guinea. In middle school, students made models of space technology to scale after investigating various elements of space in science and even art!
Rapid Language Acquisition Students at Stamford get a lot of personalized attention in their world language classes (Mandarin, Spanish), EAL and Accelerated Language Programs (ALP) which most will exit just at the end of this year due to the experienced faculty and hard-working students. Stamford walked away with 17 awards in the GAPSK contest, showing off their Mandarin speaking skills, including 2 first places and numerous second and third place awards. Stamford also hosted and had many winners at this year’s LCM Speech Festival.
Amazing Arts Ms. Bathchelder Schwab, with 24 years of teaching experience, worked with the drama teacher Ms. Amy Perceival to produce two full-scale musical drama productions this year. The second production was an amazing rendition of Annie Jr. Stamford has also enchanted audiences with two choir performances, showcased beautiful art in the MTR and lower elementary students even modeled costumes they designed themselves at the AmCham Mardi Gras Ball. It has been a great first year at Stamford, Head of School Karrie Dietz shared, “It is great to see all that we have achieved in our first year of Stamford, with our dedicated staff, hard-working students and supportive parent community. We will continue to inspire students and have amazing stories for years to come.”
Applications for 2018/2019 Open – Apply Now! SCHOOL CAMPUS
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25 Man Fuk Road, Ho Man Tin, Kowloon, Hong Kong +852 3467 4500
Suites 4005-4007, Level 40, Two Exchange Square, 8 Connaught Place, Central, Hong Kong +852 2500 8688
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Connect with us:
New Primary School Campus Opening August 2018
A trusted British education within a purpose-built primary school offering an ambitious and immersive curriculum. 2019/2020 applications for children aged between 3 and 11 can be submitted now. A campus visit can also be arranged. Call +852 2480 1500 or email admissions@shrewsbury.hk www.shrewsbury.hk 6 AmChamHK Exceptional People • Outstanding Opportunities • Academic Excellence
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Contents JUNE 2018 | VOL. 50 NO. 6 Publisher Tara Joseph
AMCHAM NEWS AND VIEWS
LAND USE
04 President’s Memo
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Managing Editor
07 New Business Contacts
Jennifer Khoo
08 Member Spotlight
Advertising Sales Manager
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Committee Spotlight
Tom Chan
Xi Jinping's new city-making machine is turned on
CORPORATE MEMBER PROFILE
AmChamHK’s contents do not necessarily reflect the views of officers, governors or members of the Chamber. We welcome your letters, comments & feedback.
28 New dawn for Sunrider
ICYMI
Email: feedback@amcham.org.hk
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Washington Doorknock; Dongguan delegation; AWA
On the cover:
awards; “My Smart Hong Kong
XT Khaw, co-founder of
2030” contest; Tax briefs
MoveCo and Cove COVER STORY 1904 Bank of America Tower, 12 Harcourt Rd, Central, Hong Kong Tel: (852) 2530 6900 Fax: (852) 3753 1206 Email: amcham@amcham.org.hk
12 SMART CITY DRIVER
SPECIAL SUPPLEMENT
Your car is talking behind your back, but who to?
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Guide to residental rentals
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The Last Page
Website: www.amcham.org.hk Printed by Ease Max Ltd 2A Sum Lung Industrial Building 11 Sun Yip St, Chai Wan, Hong Kong (Green Production Overseas Group) Designed by Tiffany Lau & Jules Langlais Tel: (852) 6432 2573 Email: ttiffanylauu@gmail.com Website: www.tifflaudesign.com ©The American Chamber of Commerce in Hong Kong, 2018 Library of Congress: LC 98-645652 Single copy price HK$50 Annual subscription HK$600/US$90
A winning vision of a smarter Hong Kong
CSR/TECH 18 HEAD IN THE CLOUDS, FEET ON THE GROUND Xarbon founding partner Jeffery Liu shares his no-nonsense approach to saving the environment
AmChamHK
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President’s Memo it also clearly signalled concerns that the core values that give Hong Kong its edge are at risk. Meanwhile, the message we heard on Capitol Hill was that Hong Kong is in danger of being dragged under the wheels of rising Sino-U.S. trade tensions.
through Asia’s emerging economies, and that dynamic connectivity continues. With the rise of heavily populated neighbors such as China, Indonesia and Vietnam, it might seem obvious to believe Hong Kong’s role will fade. But we dismiss Hong Kong at our peril. The city holds a unique basket of advantages that incorporate international standards within a crucial geographical crossroads: Rule of law, a globally skilled workforce, windows to both East and West, plus freedom of speech and expression.
It is worrying that the understanding of Hong Kong’s unique role as a bedrock of free trade and rule of law in the turbulent seas of Asia’s rising economic power is being battered under choppy waves. Never a dull moment at the Chamber. Over the past month, a strong delegation of AmCham leaders attended our annual Washington DC Doorknock just as U.S.-China trade friction ratcheted higher. Shortly after, AmCham published what we anticipate will become an annual benchmark survey of our members’ views on Hong Kong’s business outlook. These two key events raised fundamental questions about Hong Kong’s strengths and weaknesses: Overwhelmingly, our survey found that the city retains its competitiveness, but
Our mission must be to remind the world that, yes, Hong Kong faces many challenges in projecting its unique identity, but it remains much more than “just another Chinese city,” as some have started to suggest.
Visitors often tell me how much Hong Kong has changed in the past 20 years. I don’t disagree. However, I do remind many that most great cities have also evolved in a multitude of ways. And if history is any indicator, people mustn’t forget that Hong Kong is immensely adaptable when it comes to change and disruption.
For the past 50 years, Hong Kong has played pivotal roles in global connectivity. Our ports fueled the revolution in trade that coincided with China’s opening to the world. In finance, Hong Kong is tied to New York and London through shared business values, legal certainty and language. The city’s open and robust financial infrastructure allowed capital to flow
Regards, Tara Joseph AmChamPresident
BOARD OF GOVERNORS CHAIRMAN Jack Lange VICE CHAIRMAN Robert Grieves TREASURER Owen Belman
EXECUTIVE COMMITTEE
GOVERNORS Donald Austin
Matthew Hosford
Jenny Wong
Jennifer Van Dale
Julie Brandt
Clara Ingen-Housz
Patrick Wu
Diana David
Steven Xavier Chan
Simon Ogus
Lennard Yong
Seth Peterson
Sanjeev Chatrath
Karen Reddington
Catherine Simmons
Elaine Cheung
Anna-Marie Slot
Richard Weisman
David Cruikshank
Eric Szweda
Mark Green
Rick Truscott
PRESIDENT Tara Joseph EX-OFFICIO GOVERNOR Walter Dias
CHAMBER COMMITTEES Apparel & Footwear
Entrepreneurs/SME
China Business
Communications & Marketing
Food and Beverage
Gareth Brooks
Laurie Goldberg
Ben Simpfendorfer
Anita Davis
Veronica Sze
Lynne Sprugel
Cynthia Chow
Jin Ling
Heather Bach
Peter Johnston
Ball
Infrastructure & Construction
John Siu
Corporate Social Responsibility
Intellectual Property
Environment
Genevieve Hilton
Gabriela Kennedy
Jim Taylor
Hans Leung
Victor Tse
Rachel Fleishman
Financial Services
Anna-Marie Slot
Sally Peng
Seth Peterson
Energy
Law
Rick Truscott
Chiann Bao
John Zadkovich
Jessica Bartlett
People and Organizational Culture
Pharmaceutical Caroline Johnson Grace Lau
Innovation & Technology
Stephen Leung
Patrick Kirby
Peter Liu
Women of Influence
Jen Flowers
Wendy Zhang
Jennifer Parks
Leonie Valentine
Transportation and Logistics
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Ian Chung
Anne O’Riordan
Real Estate
Gavin Dow
Young Professionals
Robert Johnston
Geoffrey Siebengartner
Jamie Ford
Edward Farrelly
Yanjun Chen
Colin Jones
Lauren Chung
Jasper MacSlarrow
Rebecca Terner Lentchner
Trade & Investment Barrett Bingley Tatman Savio Herman Cheung David Chao
Song Jia Ning Insurance & Healthcare Hanif Kanji Amelie Dionne-Charest Invest in USA
Education
Eric Szweda
Virginia Wilson
Taxation Ivan Strunin
Abigail DeLessio
Peter Guang Chen Wade Wagatsuma
AmChamHK
6 • 2018
JOIN US TODAY Become a part of AmCham network and experience the differences with‌
The American Chamber of Commerce is the largest international chamber in Hong Kong, with almost 50 years of history and influence in the Asia-Pacific. Our mission is to serve as a center for networking, information and advocacy for our valued members.
Enquiry: membership@amcham.org.hk / +852 2530 6925
www.amcham.org.hk
AMCHAM Means Business
Members Directory
Over 500 pages in three major sections, including a complete guide to chamber services, corporate sponsors and AmCham Charitable Foundation. This directory lists about 1,350 members from about 660 companies and organizations. ISBN 978-962-7422-78-5
LC 98-645651 NON-MEMBER PRICE Local Delivery HK$1500 Overseas Delivery US$195 Shipping costs: Local HK$45 (per copy) US/International US$50 (per copy)
MEMBER PRICE HK$800 US$105
AmCham Member Name: Title: Company: Address: Tel: Fax: Email: Website: copy(ies) of Members Directory Total: HK$/US$ (postage inclusive) payable to The American Chamber of Commerce in Hong Kong check# Bank: Charge to AMEX (US$) Diners (HK$) Visa (HK$) Master Card (HK$) Cardholder's Name: Card# Expiry Date: Issuing Bank: Signature: (Not valid unless signed) The American Chamber of Commerce in Hong Kong 1904 Bank of America Tower, 12 Harcourt Road, Hong Kong. Tel: (852) 2530 6934 Email: hchung@amcham.org.hk
New Business Contacts The following people are new AmCham members: Company Name
First Name
Last Name
Position
Baxter Healthcare Ltd
Gary
Wong
Business Unit Director
BNY Mellon
Yolande
Escher
Regional Managing Director
Buzzacott Expatriate Tax Services Ltd.
Justin
Dillingham
Partner
Chinese University of Hong Kong, The
Phebe
Loo
Director of Marketing Communications
Cognita
Lisa
Olinski
Marketing Manager
de Bedin & Lee LLP
Daniel
Duane
Registered foreign lawyer
Emerson Electric Asia-Pacific
Winnie
Ng
Director - Brand, Communications & Planning, Asia Pacific
First Glory Ltd
Steffi
Chan
Business Development Director
Hongkong and Shanghai Banking Corporation Ltd, The
Keith
Mambretti
Senior Manager, Asia Pacific Strategy and Planning
Janet
Yuen
Head of Digital Innovation
InspiringHK Sports Foundation
Judy
Kong
Chief Executive
Koehler Group
Aubrey
Ng
Director
Mitsui & Co. (Hong Kong) Ltd.
Kenichiro
Washikita
Chairman & Managing Director
Modern Testing Services (Global) Ltd
Andre
Leroy
Business Development Director
Modus Hong Kong Limited
Steven
Yu
Director
Morgan Stanley
Daniel
Hayden
Managing Director
Motion Picture Licensing Company (Hong Kong) Limited
Daniel
Fong
Senior Licensing Director
Frank
Rittman
Managing Director
Natural Alliance Co Ltd
Kelvin
Wong
Director
New Narrative Ltd.
Katrina
Oropel
Business Development Director
PricewaterhouseCoopers Ltd
Robert
Elliott
Partner
Wan Hui
Su
Consultant
SCAD Hong Kong
Khoi
Vo
Vice President for SCAD Hong Kong
Shearman & Sterling
Siew Fong
Yiap
Director of Business Development
South China Morning Post Publishers Limited (SCMP)
Elsie
Cheung
Chief Operating Officer
SPCA Hong Kong
Cindy
Cheng
Deputy Director, Marketing and Development
Sunrider International (Hong Kong) Limited
Angela
Lau
Hong Kong Country Manager
Transcend International
Tony
Dickel
CEO
Craig
McKenzie
Director
Sam
Shoushi
Head of Growth
UnitedHealth Group - Optum International
Paul
Wong
VP
Visions Learning HK Ltd
Gregor
Miller
CEO
Walmart Asia Regional Office
Keir
Macintosh
Director, International Executive Talent Acquisition
WMGS Consulting (Shenzhen) Co. Ltd.
Todd
Kouns
Sr. Director, Footwear & Jewelry & Accessories
AmChamHK
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MEMBERSPOTLIGHT Name: Gary Watkins Job title: Head of Discipline, MRO Human Factors Company: Aviation Services Research Centre, The Hong Kong Polytechnic University Industry: Aviation AmCham member since: May 2017
Where is home? I am originally from Elizabeth, New Jersey (just outside of New York City) and I’m entering into my 4th year here in Hong Kong. Favourite thing to do in Hong Kong? I have found a very wonderful Tai Chi group that I have joined at Lai Chi Kok Park. They are a very loving group and the site is, in my opinion, the most beautiful park in all of Hong Kong.
‘Stay busy working on all the things that develop your moral character, so you don’t have time to do the things that destroy it.’ What is something people would be surprised to learn about you? I led a multi-site, one billion U.S. Dollar business with 800 employees, managing a fleet of 200 fighter jet aircraft for the Department of Defense, at the age of 30 (before I graduated college). If I wasn’t a business leader, I would be… A psychologist. Since I was a pre-teen I’ve always been a self-proclaimed student of human behavior and have always spent a lot of my personal time and resources investing in people. First job? I’m often embarrassed to share, but I was a telemarketer for a mortgage company. I cold called random people across the U.S. and convinced them to refinance their loans.
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Share some advice. Stay busy working on all the things that develop your moral character, so you don’t have time to do the things that destroy it. Where can we find you outside of work? On Flower Market Road in Mongkok pretty much every weekend shopping for new herbs and plants for my indoor garden. Next destination on your travel checklist? Cape Town, South Africa. What attracted you to Amcham? The diversity of committees to join, and the long and significant standing of AmCham in the Hong Kong business community. Where will we run into you next? At the next Young Professional Committee event!
AmChamHK
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COMMITTEE SPOTLIGHT: YOUNG PROFESSIONALS
GENERATION YOUNG PROFESSIONAL A quick chat with YP committee chairs, Jamie Ford and Yanjun Chen
What are some issues facing young professionals today? We think many young professionals are worried about ageism, career growth, flexibility, and finding a balance between purpose and profession. How can young professionals discover and reach their full potential in the workplace? Engage with colleagues from different departments for a wider understanding of the company’s culture. Connecting with your colleagues also allows for the exchange of insights — personal and professional — which can be useful for career development. Working with people from different generations, cultures and backgrounds can also broaden your perspective. This is invaluable for young people just starting their careers or anyone trying to better position themselves in the workplace. It is also important for YPs to utilize educational and social opportunities provided by the company, be it funding for a conference or graduate classes, or CSR/ fundraising opportunities.
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COMMITTEE SPOTLIGHT: YOUNG PROFESSIONALS COVER STORY
What are the YP committee’s goals in 2018? Our goal is for the YP committee to serve as a community touchstone and an incubator and catalyst for ideas that pertain to YPs and beyond. Because we are not affiliated with a particular industry focus, we have the opportunity to touch upon many things that are relevant to YPs and the business world. Case in point: We held an event on June 14th about the potential impact of the U.S. mid-term elections. This was recommended and spearheaded by one of our very own members, and we were excited to hear what our speakers had to say. As a community touchstone, we hope people new to Hong Kong, as well as those not so new, will think of AmCham and the YP committee as an opportunity to meet other like-minded young (and young at heart) professionals to chat about relevant topics and events...be it business or beers!
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COVER STORY
SMART CITY DRIVER Your car is talking behind your back, but who to? 16
AmChamHK
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COVER STORY
Eighteen new Teslas were registered in Hong Kong in the first three months of this year, down from 3,697 in the year-earlier period, when buyers were scrambling to beat a drastic cut in tax incentives for luxury electric vehicles. Ironically, the government introduced the 100 percent waiver on firstvehicle registration charges as part of efforts to spur the development of EV infrastructure in Hong Kong, only to reign it in when sales of cars were too successful – in particular, those of the ubiquitous Tesla brand. But snuffing out sales of the only EV brand to have sparked enthusiasm among Hong Kong’s luxury marque-obsessed drivers hasn’t seen a corresponding jump in demand for less costly and more environmentally friendly EV models, Transport Department data show. Far from it: just 37 EVs were registered between January and March – along with the same number of Bentleys. “Because of the grant, we have a lot of Teslas, and thus we have a lot of cars, and thus that’s bad for the environment,” says XT Khaw, cofounder of MoveCo and Cove, two Hong Kong-based mobility startups, describing the government’s mindset. “It’s a little bit of a strange way to think about it, because in the first place, if you have given a grant you should have thought about people buying them and figured what to do with them.” Meantime, developers and the city’s two power companies have piled in behind government efforts to roll out an impressive network of charging stations – many of which offer free electricity for owners of Hong Kong’s fewer than 12,000-strong fleet of EVs. “We have the infrastructure already, and it’s always empty,” said Khaw, adding that it was largely due to Tesla’s appeal and sales growth rates that Hong Kong now has such a high density of EV chargers – including what was the world’s biggest network of dedicated Tesla stations and more than 1,800 public charging facilities.
XT Khaw
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COVER STORY
Meanwhile, in Khaw’s native Singapore, Teslas have been effectively taxed off the streets by the government, which figured out they were a net negative for the environment. Tesla owner Elon Musk has, in turn, refused to invest in any charging stations in the country. All of which goes to show how minor policy decisions can have a cascading effect across an entire industry or ecosystem: A poorly thought out position may have lasting long-term consequences in how today’s cities will stack up in the future. In AmCham’s survey of members published last month, respondents cited a bureaucratic mindset and red tape as by far the biggest potential threat to Hong Kong’s campaign to become a leading Asian smart city. Singapore’s early acceptance of ride-hailing and the proliferation of Grab and Uber, for example, has meant that the city-state’s auto insurers have grown accustomed to pricing risk on shared vehicles. In Hong Kong, where the government sided with licensed Taxi drivers to stifle competition from the upstarts, insurance companies have been very conservative, says Khaw, whose first company, Cove, is a sharing model that seeks to place underutilized cars in fleets owned by local auto dealerships in spare parking lots operated by building management companies – for use by a pool of participating residents. For dealers, any revenue is a welcome boost for what are otherwise depreciating assets that are costly to store in Hong Kong’s sky-high real estate space, Khaw said. The property management companies provide free parking, as well as marketing the service to their tenants. That means Cove’s cars only have to be used around 10 percent of the time to be viable, and the company is seeing rates of around 15-20
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COVER STORY
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COVER STORY
percent, she said. Private cars on average spend only about 3 percent of their time on the road. To overcome resistance from Hong Kong’s insurers, Khaw said she and co-founder Lawrence Hui, realized they needed to focus on technology to capture and analyze driving data – which is the focus on their second venture, Moveco. With low margins from auto-insurance, the first priority of the companies is to reduce risk and payouts, she said. “They want to understand driver behavior but don’t have enough data.” It turns out no one in the mobility sector does. “The connected cars weren’t there and [carmakers] weren’t collecting data anyway,” said Khaw. Part of the reason automakers were slow to the Big Data drive of recent years may be down to the fact that they typically have no direct link to the driver. Once a car moves off the assembly line, it is most likely to end up with a car dealer – who has less motivation to collect car- and driver-generated data than an OEM or insurer. It’s that information gap that Moveco seeks to fill. “A big part of what we look at is connecting those dots,” she said. “Which is why we focus on technology, so we know a lot about who drives the cars. If we understand how people drive, we understand more about cars. Whenever anyone drives around this area,
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this is what the driving patterns are for a particular age group. It’s not linked to the driver, but to the behavior.” And the more vehicles the better. Moveco hopes to work with fleets of taxis and buses, she said. Effective collection and management of mobility data feeds back into government decisions about safety, infrastructure and policy: where do bus drivers tend to go too fast around corners? Where are the shortages of parking spaces most acute? How can dynamic pricing help smooth traffic volumes? Khaw said that their business doesn’t depend on selling data to the government. Which is just as well because – after heaping generous praise on InvestHK – she described the frustration of trying to engage with Hong Kong’s Transport Department. An email to a government official in Singapore would elicit a speedy response – spurred by a mandatory seven-day response time and a well-designed system of automatic escalation through the ranks of bureaucrats. “In Hong Kong, it’s radio silence and then they give you a very convoluted answer that doesn’t explain anything,” she said. “To meet the Transport Department is impossible. We couldn’t get a meeting – until this day.”
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COVER STORY
Jargon buster: Mobility In simpler times, it was the ability to move or be moved freely and easily – whether of a person, body part or a peasant rising through the ranks of society. Today, everyone talks about mobility services, mobility platforms, mobility companies. Time to tie the jargon down. “Whatever way to get you from point A to point B is what mobility is about,” says XT Khaw, co-founder of two Hong Kong-based mobility companies. It could be a car, a bike, a train. Presumably, it could also be your feet. Distinguishing the concept from the outmoded “transport,” mobility is also about getting services and goods to people. So, all you couch potatoes out there, you too can be part of the mobility movement, just dial in a pizza! The world’s biggest mobility companies are what we once called ‘carmakers’: “They get metal and they design it and they make the car. Now they say they’re mobility companies,” she says. Carmakers are slowly recognizing they must adapt or die: “Where they really need to be in the future is shared, electric, automated and connected, and none of them are really there yet.” Mobility is increasingly tied up with the concept of the sharing economy: Some startups seek to co-share the trunk of your car to deliver goods; there are suggestions that idle computing power of cars – and especially smart cars such as Tesla – could be put to use mining cryptocurrencies.
As we went to press, AmCham was preparing to host the first Smart City Summit on June 27 at the Wanchai Convention and Exhibition Centre. Moveco and Cove co-founder XT Khaw was a speaker at the event.
AmChamHK
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CSR / TECH
HEAD IN THE CLOUDS, FEET ON THE GROUND Technology has brought carbon trading practices a long way. But while being socially responsible, don’t lose sight of what makes it possible in the first place, says Xarbon co-founder Jeffery Liu
Image courtesy of Xarbon
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CSR / TECH
Jeffery Liu has every reason to be as cheerily confident as he comes across in person. At just 24 years old, but by no means new to the startup game (past ventures include education-tech company Snapask, among others), Liu is part of Xarbon’s team of four other founding partners and one consultant, all highly specialized and with years of experience in the carbon trading and financial industries. As we look for somewhere to sit inside the Smart Space at Cyberport, Liu quips that he has come in specially to meet us for this interview, as his role at digital carbon asset company Xarbon usually takes him out of the office to meet with investors and other stakeholders. The operation may only be a few years old and based out of a shared workspace, but Liu is quick to stifle any suggestion that Xarbon is a typical startup. “Look at all the members on the team. Usually in a startup, you have guys coming out of university, right? Or guys who’ve worked a while and then start doing own thing. In our team, all the people have started their own businesses with successful liquidations,” he says.
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Pronounced with a C but spelled with an X (“because the domain name carbon.com was already taken”), Xarbon provides a digital trading platform for companies and individuals who want to offset their carbon emissions by trading carbon credit units. The founders believe the application of technology will make the trading of carbon credit units more transparent, more efficient and much cheaper. A carbon credit unit is a tradable certificate or permit allowing the holder to emit one ton of carbon dioxide – or its equivalent in another greenhouse gas – into the atmosphere. Xarbon’s main source of carbon credit units (or carbon assets) is backed by a piece of rainforest in
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CSR / TECH
Papua New Guinea that it owns the rights to protect. “Because rainforests grow annually at a certain rate, they act as a carbon sink, meaning they form natural systems that take out carbon dioxide from the atmosphere,” he says. After acquiring enough carbon assets (verified by the UN and other global entities), Xarbon then sells mainly to two types of buyer: Polluting companies trying to lower their carbon emissions and companies wishing to engage in CSR. “Let’s say I’m a factory in China or America or Europe and the government gives me an annual cap of how many tons of carbon dioxide I’m allowed to emit into the atmosphere. If I go over that I have to buy these carbon credits. If I don’t, I get fined,” he explains.
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offset the units of carbon emitted during production. If they buy more credits than units of carbon emitted, then they effectively become carbon-negative. But that is the next step. The first step is becoming carbon neutral, i.e. achieving zero carbon emissions during production, says Liu. “We’re trying to reduce total carbon emissions by three billion [metric tons] by 2020. That’s one of our goals. And that’s not just by protecting rainforest. We’re also actively looking to invest … in clean energy projects — all that sort of stuff.”
Tech touch
“Now let’s say I am a consumer goods company wanting to create carbon-negative products. This means actively removing carbon dioxide from the atmosphere during my production process. Usually in manufacturing, that’s impossible, right? Manufacturing requires emission,” he says.
Businesses have long traded carbon credits to offset their emissions, but the knock-on benefits to their consumers have so far been limited to “feeling good about myself” and hard to quantify, says Liu. With the help of technology, Xarbon has digitized carbon assets in their reserves (what it calls “O2O” because of its resemblance to the written chemical composition of carbon dioxide) for people to purchase and trade as assets, and to keep inside digital carbon “wallets.”
Not exactly. Companies can achieve this by buying carbon credit units for each product they create to
So like cryptocurrency? No, says Liu. “I don’t want to call it a currency because I don’t think it’s legal
AmChamHK
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tender. It’s just a digitized way to keep track of these digital carbon units.” The trouble with the existing carbon trading process is how inefficient and fraud-prone the paperwork-intensive verification is, he says. But by digitizing the whole thing using blockchain technology (“we prefer to call it an open database technology”) people can keep track of what’s happening, and the trading costs also go down drastically, he says.
Time and tides One may wonder what the reception towards Xarbon has been like so far in China and Southeast Asia, markets in which environmental sustainability hasn’t traditionally been a priority for businesses. Liu explains in his characteristically guiding way: “An American company is a lot more environmentally conscious than maybe a mainland Chinese company, right? Or a Southeast Asian company. But if you look at this from a historical and even geopolitical standpoint, think about how long China’s free market has been around. It’s been around for
AmChamHK
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‘‘Look at so many social enterprises across the world, who are not economically sustainable themselves, meaning that they rely on handouts from other people. To be honest, that’s not sustainable’
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Source: Xarbon
maybe 30 years. Whereas America has had a free market of over a century, right? So this has allowed them to amass a lot more wealth to be able to afford and look after these things,” he says. When a country is poor, it’s people’s main concern is not for the environment. “I see this as different countries and nations being in different stages of their development... Once a country gets rich then it starts to care about all these traditional liberal values, like looking after the environment.”
Liu’s ethos: To help the environment, you have to make it financially viable to do so. “Look at so many social enterprises across the world, who are not economically sustainable themselves, meaning that they rely on handouts from other people. To be honest, that’s not sustainable,” he says. Liu and his team are hoping to list Xarbon on the Main Board of the Hong Kong Stock Exchange in just three years’ time. If successful, it will be the first sustainable technology company to do so.
The bottom line At the end of the day, Liu and his team know their investors only care about one thing: A return on their equity. Xarbon’s CSR pitch is made unashamedly in quantitative terms and goes something along the lines of “Right now, if you invest in this solar plant with us, you will get this many carbon credits. It’s worth this much down the line,” he says.
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“This would send a message to the whole sustainability market saying, ‘Hey, stop begging for money. Come up with better business plans, get more smart people involved in your businesses so that your environmental sustainability also has an economical sustainability aspect to it.’”
AmChamHK
6 • 2018
INSPIRING EDUCATION FOR TOMORROW’S WORLD APPLY ENROLLING FOR PRE-PRIMARY (AGE 5) TO GRADE 8
Innovative STEMinn Education
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6 • 2018
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LAND USE
Xi Jinping’s new city-making machine is turned on Xiong’an is called China’s No.1 urban project. Orchestrated by President Xi Jinping, the mega-city to be built just over 100 kilometres south of Beijing is also very much a political project
By Richard Xu
Behind mega urban projects often stand strong political wills. Xiong’an is called China’s number-one urban project, and it is orchestrated by President Xi Jinping.
even surpass the records of Mao Zedong and Deng Xiaoping. Mao and Deng each ruled China for nearly three decades, in person and by selecting their successors.
China is midway through the largest urbanization process in human history. New cities have mushroomed in recent decades. The most prominent are Shenzhen and Pudong Shanghai, both of which are now major global financial and business centers.
Xi has proclaimed a “new era,” enthroned his “thoughts,” appointed his allies, and outlined national modernization goals to 2035 and even as far ahead as 2050.
Shenzhen and Pudong Shanghai were credited to Deng Xiaoping. China’s then leader pushed forward the construction of these cities from scratch, to drive his agenda of national reform and opening up to the world. After his first five-year term as president, it is clear that Xi Jinping’s political ambition is to equal or
He also amended the Chinese Constitution to remove the two-term restriction on the presidency. This was the final barrier to pursuing power after 2023, when he was due to step down. What else? Xi needs a new city, with his name imprinted.
LAND USE
Source: Xi Jinping’s new mega-city, Xiong’an (the area in red) will be located midway between Beijing, Tianjing and Shijiazhuang. Source: Google Maps
Putting a new city on the map There are three mega-city regions in eastern China. Shenzhen is in the Pearl River Delta, Pudong Shanghai is in the Yangtze River Delta, so Xi’s new city must be in the Beijing-Tianjin-Hebei region. Xi selected Xiong’an, an underdeveloped area located centrally between Beijing, Tianjing and Shijiazhuang, the capital city of Hebei Province. Xiong’an has a vast water area, a rare natural endowment in northern China. Xi stressed the principles of “world vision, international standards, Chinese characteristics and
high goals” in planning and building Xiong’an. A “Millennium Plan” and a “national strategy,” Xiong’an should be different from, or more ambitious than, its predecessor new cities. Shenzhen was created in the 1980s; Pudong Shanghai in the 1990s; Xiong’an should represent a city-making approach with Chinese characteristics in the 21st century.
So what’s the plan? On April 21, 2018, China’s official Xinhua News Agency released the planning guidelines for Xiong’an. This followed their endorsement by the Central Committee of the Chinese Community Party and the State Council.
Xiong’an represents Xi Jinping’s plan to outdo even the extraordinary rise of Shenzhen from small market town to mega-city in just a few decades. Photo: Jerome Favre/ EPA/AAP via The Conversation
AmChamHK
6 • 2018
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LAND USE
These planning documents will guide the development of Xiong’an until 2035 and envision its long-term progress until the middle of this century. This aligns with Xi’s timelines for national modernization goals. Xiong’an is presented as central to President Xi Jinping’s vision of national development for decades to come.
Key elements of the guidelines are:
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Visions: a green, ecological and liveable new area; an innovation-driven development; a demonstration area of coordinated development; and a pioneer in China’s modernization strategy Targets: 2035 – basic construction of a high-level socialist modern city that is green, low-carbon, smart, competitive, influential and harmonious with humans and nature; mid-21st century – comprehensive construction complete, a key pillar of the world-class Beijing-Tianjin-Hebei city region Spatial specifications: green space 70 percent, development land 30 percent (a total area of around 530km²), arable land 18 percent (including permanent farming land 10 percent), population density 10,000 people/km² Non-capital city functions transferred from Beijing: universities and research institutions, hospitals and health, finance, advanced services and high-tech industries Priority industry sectors: new information
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technology, life and biological sciences, new materials, advanced modern services, and green and ecological agriculture Transport connectivity: high-speed rail network – 20 minutes to the new Beijing airport, 30 minutes to Beijing and Tianjing, and 60 minutes to Shijiazhuang; expressway network – 60 minutes to Beijing and Tianjing, and 90 minutes to Shijiazhuang; 90 percent green transport share and 80 percent public transit share in vehicle transport in the initial development area; exploring intelligent driving and logistics systems.
Can it be done? The targets suggest a new city with a population of 5 million erected by 2035 and completed by around 2050. Be mindful: Chinese city plans are normally “conservative” in setting targets. Is the plan achievable? State ownership of land and a centralized planning system will ensure it happens at a speed and scale hardly paralleled elsewhere. Think of Shenzhen and Pudong Shanghai. However, the most important factor is whether President Xi’s desired political pathway remains on track. Richard Hu is Professor, Faculty of Arts and Design, at the University of Canberra and this article first appeared in The Conversation.
AmChamHK
6 • 2018
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New Dawn Dr Tei-Fu Chen, the founder of California-based Sunrider is on a whistlestop tour of Asia, passing through Hong Kong to pass on a message of corporate renewal to the herbal-products maker’s staff and sales agents. “The reason I’m here, is to try to teach our people to drop the old thinking and embrace the new thinking,” says the sprightly looking septuagenarian. “We established Sunrider 36 years ago, and most of the people who started with us are like me – they’re getting old. Every company faces this problem: people get old, they retire, you have the new people coming up.” The question was how to regenerate the company’s business model and ensure that it survives and prospers in the global and connected world economy, Chen said. For Sunrider, the process of renewal was made more urgent by a downturn in sales over recent years for the privately held company, which has been trying to expand beyond its directmarketing model to embrace a more diverse and resilient sales model. The company still makes the bulk of its global revenue through so-called multi-level marketing, though has introduced a more transparent compensation structure for its network of agents in more than 40 countries. The direct-selling industry – and in particular the subset known as multi-level marketing – has suffered
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for Sunrider The Taiwan-born founder of Sunrider talks about his plans to build a business to survive the generations
from poor public perception in recent years. That’s especially so in some key markets such as China, where authorities have wrestled with the model since at least 1998, imposing and easing bans up until recent restrictions imposed late last year. Multi-level refers to a marketing strategy where the company’s sales force is compensated not only for sales they generate, but also for the sales of the other people that they recruit. Opaque contractual terms, gouging of agents and other bad industry practices have all created problems in the industry, Chen said. “When you talk about multi-level, people think, ‘oh, that’s just a
Ponzi scheme.’ And I agree with them in many cases,” he said. In China, Sunrider opted to shift out of direct selling some time ago. “The Chinese government didn’t really understand the business; they didn’t feel comfortable. So we decided to move out,” he said. “So we started a store-based model, using authorized agents.” – Think Apple resellers vs the flagship store. Sunrider has spent time to rebuild the brand. Chen said they also decided the time was right to invest in new manufacturing capacity, including the state-ofthe-art plants in Los Angeles. “When sales start to slow down,
AmChamHK
6 • 2018
CORPORATE MEMBER PROFILE
to changing consumers tastes, perhaps? To find a cheaper tax base and labor force? To create an integrated, seamless supply chain? “So people don’t know our secrets,” Chen said, with a chuckle. “They all manufacture a certain part of the product. “It’s just like magic: once you know the trick it’s simple. But to think about the trick is the hard part.” Sunrider’s state-of-the- art Los Angeles Manufacturing Plants that span an area of nearly one million square feet
most people will start to cut back – staff, cut inventory… but we think that’s the best time for us to grow our manufacturing,” Chen said. “If you want to sell ice cream, it’s best to prepare in the winter time, and get everything ready.” Chen said there are signs the new investments and business models are working. China based online retail stores brought in US$2.5 million in their first month of operations in May, It’s a different market segment for us since we’ve had physical stores in China since 1997, he said.
Benefits of oversight... Part of Sunrider’s differentiated message comes from the choice of manufacturing locations, Chen said.
to deliver concentrated doses of effective ingredients. Part of that rests on deep knowledge of the ingredients – and not chasing unethical fads. On the downside, investments into new products, manufacturing processes and plant and machinery are costly. At the same time, returns are hard to protect because of the difficulty in securing patents for products made from already known natural ingredients, Chen said. So the reason now for expanding manufacturing outside of the U.S.? To be closer to new markets and so more agile and responsive
Sunrider’s model is based on what Chen says are the four principle desires of all people. The first is freedom from health problems. “If health is one, the rest are zero,” he said. “Without health, everything goes back to zero.” Second, financial freedom. Number three, time-freedom. Number four, freedom from worry. “We offer all these four things to people.” First, let’s start with the product: Sunrider sells herbal teas, supplements and household products that it says are healthy
“California is the worst state to have manufacturing … I mean the worst. But one thing about it, because of high regulation, because they scrutinize us, we make sure, if we can cope with it, it means our product is good,” he said. Sunrider prides itself on a design and manufacturing process that’s more akin to pharmaceuticals – with rigorous testing and processing of herbal ingredients
AmChamHK
6 • 2018
The Chen Art Gallery, which showcases, in the United States, one of the finest private collections of Chinese art, antiques, and other masterpieces from around the globe. 33
CORPORATE MEMBER PROFILE
and free from harmful chemicals found in everyday items such as toothpaste. Now those claims have, over the years, brought direct sellers into conflict with regulators. Still, that may be the natural consequence for any pioneering consumer products company operating in a stringent and effective national regulatory framework. Second, there’s the finances: Sunrider’s business model is based on the networks and marketing of its customers: you buy the products because you like them, but you get the chance to sell them on to your friends, colleagues and neighbors. (Little wonder that Sunrider was originally founded in Utah, home of that other global leader in the evangelizing mission of direct marketing – the Mormon church, of which Chen became a member while still in Taiwan.) Because Sunrider’s sales people work when they want and as hard as they want, they have more control over how they spend their time, Chen says. The company also rides on the wave of the global spread of the middle classes – this group is forecast to reach 3.2 billion people by 2020 and 4.9 billion by 2030, with the bulk of growth coming
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from Asia, the OECD says.
bicycle in your bedroom?”
“When people are poor, like in China, 30, 40 years ago, people were just trying to survive, they want to have food in their stomachs,” said Chen. “Now, people in China say, if you’re poor, you ride a bicycle to work. If you’re rich, you ride a bicycle in the bedroom. Can you imagine in the old days, nobody would ever imagine you’d ride a
“Once society started to move forward, people got started to get some money, the second thing, they want to have better health and be younger looking,” he said. “Who doesn’t want to have better energy? Who doesn’t want to look younger?”
Echoing Victor Kiam, an entrepreneur from an earlier era who famously liked his Remington razor so much he “bought the company,” Chen says his decision to buy London’s St Ermin’s hotel was based on a similar instinct: “It’s very simple. Since I travel around the world, I like to stay in my own hotel.” Chen says he enjoys dining in the Bazaar restaurant at the SLS Beverly Hills hotel. So Sunrider bought the property for US$195 million in 2015. It’s hard to know how seriously to take the claim, delivered with Chen’s wry smile. Nonetheless, Chen has made real estate into a core arm of the group’s strategy. “For example,” he says, gesturing around him, “this office: bought it.” We were speaking at Sunrider’s newly outfitted office in Mongkok’s Langham Place – a hotel, commercial and retail complex that rises from the area’s bustling and crowded streets of old lowrise apartment blocks and street-level stores specializing in construction materials. Through the window we have a sweeping and stunning vista of the Kowloon mountains, beyond which lie the New Territories and the border with Southern China. The group also has hotels in Beijing and Taiwan, and owns its own factories in California, Singapore, Taiwan and China.
AmChamHK
6 • 2018
ICYMI
Washington Doorknock 2018
May 15-17, 2018 Highlights from the annual meet-and-greet in DC
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AmChamHK
6 • 2018
ICYMI
Read our Doorknock Diary for a full account of the three-day trip.
AmChamHK
6 • 2018
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ICYMI
Looking around Songshan Lake Xbot Park, an accelerator facility for robotics startups
Delegates in Dongguan May 31, 2018 Part two of AmCham’s GBA Delegation series
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AmChamHK
6 • 2018
ICYMI
For details on future delegation trips to China, please contact: myu@amcham.org.hk
A meeting with representatives from the Bureau of Commerce, Economy & Information Technology Bureau and Science & Technology Bureau, to discuss the potential of Dongguan and greater collaboration between our two cities
A tour of Techtronic Industries’ campus: training center, manufacturing facilities and warehouse
AmChamHK
6 • 2018
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ICYMI
Each year, AmCham partners with the AWA (American Women’s Association) to provide financial assistance to lesser known charities helping children, the elderly, and people with health and special needs. In its 12th year of collaboration with the AWA, AmCham’s Charitable Foundation raised a generous total of HK$294,300 which will go towards communities in need. Cheques were presented to charity representatives at the AWA Awards event held at the American Club. Thank you to all who supported us!
AWA President, Andrea Roth
AWA Charitable Donations Chair, Gabriela Caraman-Heijnen
AWA Awards
June 8, 2018 40
Are you steering your organisation through unprecedented change and complexity? The International Company Directors Course is designed for directors, aspiring directors and senior executives operating across jurisdictions. Over five days, the course covers director duties, the international legal environment, risk and strategy, financial performance and board effectiveness. It is based on global best practice using case studies from around the world.
Upcoming date: 3 to 7 September 2018 W Hong Kong, 1 Austin Road West, Kowloon Station, Kowloon
Enrol today at companydirectors.com.au/icdc
06458-25_18
Contact us t: +61 2 8248 6600 e: international@aicd.com.au
AmChamHK
6 • 2018
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ICYMI
“My Smart Hong Kong 2030” contest June 8, 2018
Nine local secondary school teams with their unique visions of Hong Kong as a smart city battled it out in a contest to win AmCham’s “My Smart Hong Kong 2030” school competition. Teams presented their 3D models to a panel of five judges in a bid to win a trip to NYC this summer, sponsored by Google and Otis Elevator. The runner-up team will receive a boot camp experience sponsored by MIT Hong Kong Innovation Node. The winner and runner-up were announced at the AmCham Smart City Summit event on June 27, 2018.
Lights on! Last minute preparations by Shun Tak Fraternal Association Keung Kau Kui College
The judging panel (left to right): Brian Yen, Executive Director of MIT HK Innovation Node; Darragh Paradiso, Director of Public Affairs Section, USCG; Tara Joseph, President of The American Chamber of Commerce in Hong Kong; Julie Brandt, President, Otis Elevator (Hong Kong, Macau & Taiwan); Derek Kwok, Head of Platforms and Audience Insights, Greater China & Korea, Google
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ICYMI
Finalist teams: • Bishop Hall Jubilee School • Diocesan Boys’ School • Good Hope School • Sacred Heart Canossian College • Shun Tak Fraternal • Association Leung Kau Kui College • Shun Tak Fraternal Association Yung Yau College • St. Paul’s College • Victoria Shanghai Academy • West Island School
The future in their hands…
Good Hope School with their vision of Hong Kong as a smart city
AmChamHK
6 • 2018
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ICYMI
axes, ariffs and Regulation The monthly roundup The invisible belt & road Top Hong Kong officials were in Beijing this month for a Belt & Road Initiative conference focusing on how Hong Kong can best be involved in projects that revive the old trade routes between Asia and Europe. But a new analysis for the University of Hong Kong’s Asia Global Institute suggests the westward Silk Road will be far less important to Chinese companies than the eastward route across the Pacific Ocean. “If China is going to be one of the leading global technological centers of the 21st century ... its companies will have to climb netware value chains that connect them to Silicon Valley, Seattle, and other American technology hubs,” writes Salvatore Babones, an associate professor at the University of Sydney and an expert on Chinese and American economy and society.
Trade tension is the new normal If you’re confused by the seemingly on-again, offagain nature of American tariffs on Chinese goods, get used to it. “The Sino-U.S. relationship is entering a ‘new normal,’” says Hu Yifan, chief China economist at UBS, the Swiss bank, in Hong Kong. “It will feature tension lasting for years, with cycles of fight-talk fight-talk, in our view.”
higher U.S. oil and gas exports would create new business opportunities for companies such as China National Petroleum Corporation, which would need to build more storage capacity.
Your gain is their loss The controversial carried-interest loophole, despite surviving last year’s federal U.S. tax reform, is under siege from state and local governments. The loophole – which allows private-equity fund managers to halve their tax bills by treating their earnings as capital gains rather than income – was an early target of Donald Trump’s ire during his presidential election campaign but has vanished off the Washington radar. However, state capitals are homing in. In March, the California state assembly saw the introduction of a bill to close the loophole and bring in an estimated US$1 billion a year extra in tax, to be earmarked for public schools.
Protecting data (non) compliance Many companies, especially in the U.S., are reportedly struggling to ensure they’re compliant with the European Union’s General Data Protection Regulation that took effect from May 25. However, laggards might be able to mitigate the possibility of punishment by insuring against financial penalties. A new guide released last month reviews the insurability of GDPR fines across Europe, which can reach up to €20 million (HK$185 million) or up to 4 percent of a group’s annual global turnover – whichever is higher. It also looks at insurability of costs associated with GDPR non-compliance, such as litigation, investigation and compensation. Only a few jurisdictions in Europe allow the coverage of civil fines by insurance and, even then, “there must be no deliberate wrongdoing or gross negligence on the part of the insured,” according to the guide.
In the long term, says analysts, agriculture and energy – especially oil and gas products will be the areas of focus if there is an effort to substantially reduce the bilateral trade imbalance. More U.S. agricultural exports to China will increase competition for China’s farmers, who will need to lower costs and raise quality, UBS noted. However,
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Read the full column by George W. Russell on our website using the QR code.
AmChamHK
6 • 2018
THE WORK / LIFE ISSUE JUL / AUG
COMING SOON...
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AmChamHK
6 • 2018
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GUIDE TO RESIDENTIAL RENTALS
D’Home 239 Queen’s Road East, 80 Robinson Road
Size Range of Units
Gross Area 401-1,411 sq. ft., / Saleable Area 270-1,058 sq. ft.
Layout
Studio - 3 bedrooms
Tel
(852) 3108 3636
info@dhome.com.hk
Special Features/Amenities Nan Fung Group’s D’HOME furnished apartments occupy two of the most prestigious addresses in town. The group takes a well-rounded approach to a cosmopolitan life style. Every detail is meticulously crafted with the focus on comfort and quality. Tailor-making your ideal living experience is a breeze here, as D’HOME provides flexible lease terms on fabulous apartments, along with top-notch amenities for all aspects of life. D’HOME in Wanchai is located amidst dining and entertainment outlets, within walking distance of the MTR, and with other public transport options readily available. D’HOME in the Mid-Levels is situated on Robinson Road, an upscale residential address that appeals to the busy executive. All these generously laid-out homes come with quality fittings that provide all your home comfort needs. On top of complete home entertainment provisions, each apartment is furnished with a full range of kitchen appliances for insuite dining, coupled with an array of equally impressive in-room facilities. Selected apartments come with a widescreen TV and iPod docking to keep guests entertained without leaving the comfort of their home. D’HOME in Mid-Levels provides an indoor thermostatic pool with Jacuzzi and sauna, world-class gym, bowling alleys, a squash court, a billiard room, a reading room, landscaped gardens and a playroom for kids. Residents of D’HOME in Wanchai also enjoy exclusive access to the well-equipped gym, out-door swimming pool, and a rooftop garden perfect for chilling out over drinks and BBQ parties. Anticipating every need, the staff can arrange services ranging from organizing a party to arranging apartment cleaning and laundry services upon request and they are always happy to assist with whatever plans will help to make their guests’ stays even more enjoyable.
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www.dhome.com.hk AmChamHK
6 • 2018
GUIDE TO RESIDENTIAL RENTALS
Four Seasons Place Hong Kong Atop MTR/AEL Hong Kong Station, 8 Finance Street, Central, Hong Kong Size Range of Units
Gross Area 547 - 3,562 sq. ft
Bedrooms
Studios to 3-bedroom Suites, Penthouses
Parking Facilities
Monthly parking available at an additional fee
Monthly Rental
HK$54,600 up
Contact
Ms. Mable Li
Tel
(852) 3196 8228
WhatsApp/WeChat
(852) 9728 1886
enquiries@fsphk.com
Four Seasons Place offers world-class amenities and majestic views of the Victoria Harbour. Designed by renowned Yabu Pushelberg and Bilkey Llinas Design, the serviced suites are the epitome of elegance and style, providing guests with a tasteful modern living experience. Four Seasons Place offers state-of-the-art facilities including a rooftop heated pool, complete with a jacuzzi and a 24-hour fully-equipped gym. Location Situated in the heart of one of Asia’s most dynamic cities with the central business district right on its doorstep, Four Seasons Place offers guests unrivaled convenience. Atop MTR / Airport Express Link at Hong Kong station, guests can travel to the International Commerce Centre at Kowloon Station and the Hong Kong International Airport within 6 and 24 minutes by train respectively. The ifc mall and Four Seasons Hotel adjoin the property, they host an array of exquisite dining and entertainment options, including Michelin-starred restaurants. The dedicated Guest Relations Team offers tailored services to help guests make the most of their time in the city. Services • Guest Relations Executives and 24-hour multilingual concierge services • Daily Housekeeping services (except Sundays and Public Holidays)
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Bed linen change 3 times per week 24-hour in-room dining service Access to electronic newspapers Limousine service and free shuttle service from/ to Hong Kong station (Airport Express) and Four Seasons Place Welcome package and bathroom amenities upon arrival Wireless Broadband Internet Service
In-room Provisions • Fully equipped kitchenette with refrigerator, microwave with grill, washing and drying unit, electric hob, coffee maker, blender, kettle, toaster, a range of kitchenware • Bose 5.1 Home entertainment system (except studios), Blu-ray player, IPTV and stereo music system • In-room security safe Other Facilities • Rooftop heated pool, Jacuzzi and sauna • 24-hour gymnasium and sky lounge • Reading room with internet access • Children playroom and multi-purpose function room • Laundromat, personal storage space and carparking space
www.fsphk.com AmChamHK
6 • 2018
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GUIDE TO RESIDENTIAL RENTALS
Kerry Residence
Aigburth 12 Tregunter Path, Mid-Levels, Hong Kong Size Range of Units(GFA) (Saleable Area)
2,600 sq.ft. to 6,250 sq.ft 1,827 sq.ft. to 4,715 sq.ft.
Bedrooms
3-5
Parking Facilities
Covered parking spaces
Monthly Rental
HK$142,000 exclusive up
Leasing Agent
Kerry Real Estate Agency Limited
Contact
Phoebe Au-Yeung / Clara Cheung / Franco Lau
Tel
(852) 2967 2224 / (852) 2967 2221 / (852) 2967 2227
residentialleasing@kerryprops.com
Special Features/Amenities Just minutes from Central in the exclusive environment of Tregunter Path, Aigburth is one of Hong Kong’s finest residential apartment. With spectacular views of Victoria Harbour and surrounding hills, the 3,000 sq.ft. apartments offer the heights of luxurious urban living. Lush landscaped gardens and cascading waterfalls provide a retreat from city pressures. Extensive facilities include an enormous free-form swimming pool and a 35,000 sq.ft. superbly equipped clubhouse. Excellent management. Shuttle bus service to Central.
Tavistock 10 Tregunter Path, Mid-Levels, Hong Kong Size Range of Units(GFA) (Saleable Area)
4,860 sq.ft. to 8,255 sq.ft. 3,838 sq.ft. to 5,254 sq.ft.
Bedrooms
4-6
Parking Facilities
Covered parking spaces
Monthly Rental
HK$280,000 exclusive up
Leasing Agent
Kerry Real Estate Agency Limited
Contact
Phoebe Au-Yeung / Clara Cheung / Franco Lau
Tel
(852) 2967 2224 / (852) 2967 2221 / (852) 2967 2227
residentialleasing@kerryprops.com
www.kerryprops.com Special Features/Amenities A prestigious development on Tregunter Path. Tavistock features a spacious living and dining area. The practical design of the apartment is also demonstrated by its large kitchen which is connected to a utility area and 2 maid’s rooms. The one of its kind big balcony commands a city view of Central and Victoria Harbour. Individual central air-conditioning system with IQ air purifying system. Shuttle bus service to Central. A wide range of clubhouse facilities with swimming pool shared with Aigburth. 50
AmChamHK
6 • 2018
GUIDE TO RESIDENTIAL RENTALS
Branksome Crest 3A Tregunter Path, Mid-Levels, Hong Kong
Size Range of Units(GFA) (Saleable Area)
2,355 sq.ft. to 5,115 sq.ft. 1,741 sq.ft. to 3,750 sq.ft
Bedrooms
3-4
Parking Facilities
Covered parking spaces
Monthly Rental
HK$122,000 exclusive up
Leasing Agent
Kerry Real Estate Agency Limited
Contact
Phoebe Au-Yeung / Clara Cheung / Franco Lau
Tel
(852) 2967 2224 / (852) 2967 2221 / (852) 2967 2227
residentialleasing@kerryprops.com
Special Features/Amenities Each of the typical unit has 3 bedrooms with spacious Living and Dining Area incorporating a generous size balcony. All apartments are fully equipped with kitchen cabinets and electrical appliances. The clubhouse features a wide range of recreational facilities with swimming pool, all finished to the top standard. Excellent management. Shuttle bus service to Central.
Branksome Grande 3 Tregunter Path, Mid-Levels, Hong Kong Size Range of Units(GFA) (Saleable Area)
3,030 sq.ft. to 4,950 sq.ft. 2,354 sq.ft. to 3,731 sq.ft
Bedrooms
3-4
Parking Facilities
Covered parking spaces
Monthly Rental
HK$158,000 exclusive up
Leasing Agent
Kerry Real Estate Agency Limited
Contact
Phoebe Au-Yeung / Clara Cheung / Franco Lau
Tel
(852) 2967 2224 / (852) 2967 2221 / (852) 2967 2227
residentialleasing@kerryprops.com
www.kerryprops.com
Special Features/Amenities A 24-storey prestigious apartment building with reverse cycle central air-conditioning. Extremely spacious and practical layout, large balcony & 2 maid’s rooms. All apartments are fully equipped with kitchen appliances and fitted with wardrobes. Comprehensive clubhouse facilities shared with Branksome Crest. Shuttle bus service to Central.
AmChamHK
6 • 2018
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GUIDE TO RESIDENTIAL RENTALS
Kerry Residence Resiglow 7A Shan Kwong Road, Happy Valley, Hong Kong
Special Features/Amenities In Happy Valley, a 29-storey tower, statuesque in steel and glass, provided the perfect blank canvas for a New Yorkstyle loft reimagined in Hong Kong. All apartments are open kitchen and fully equipped with electrical appliances. Clubhouse facilities include gymnasium, function room, exercise room, BBQ Area, Garden Lounge and Landscape podium Garden.
Size Range of Units(GFA) (Saleable Area)
667 sq.ft. to 1,434 sq.ft. 581 sq.ft. to 1,249 sq.ft.
Bedrooms
2-3
Parking Facilities
Covered parking spaces
Monthly Rental
HK$44,000 inclusive up
Leasing Agent
Kerry Real Estate Agency Limited
Contact
Phoebe Au-Yeung Clara Cheung Franco Lau
Tel
(852) 2967 2224 (852) 2967 2221 (852) 2967 2227
residentialleasing@kerryprops.com
www.kerryprops.com 52
AmChamHK
6 • 2018
GUIDE TO RESIDENTIAL RENTALS
Queen's Garden 9 Old Peak Road, Mid Levels, Hong Kong
Panoramic Seaview Apartments In Mid Levels In Queen’s Garden, you’ll enjoy an elegant, top-notch lifestyle that you’d never imagine experiencing in Hong Kong. While natural sunlight floods the living room of your duplex unit, you’ll also enjoy a magnificent harbour view through the high floor-to-ceiling windows.
Size Range of Units
Gross Floor Area 2,050 – 2,960 sq. ft
Bedroom
1-4
Tel
(852) 9338 7380
leasing@queensgarden.com
A wide array of state-of-the-art health, fitness and wellness equipment is available at the Gym and Spa complex; and free daily shuttle bus provides easy access to the Central business district within 10 minutes.
Features
• • • • •
Approximately 15 feet high ceiling Split-level living room Fully fitted kitchen including fridge, dishwasher, microwave oven, Cooker and oven, washer, dryer and water heater Remote controlled curtain tracks
Clubhouse Wide array of recreational facilities and other amenities which rank among the best in the world are provided at the Clubhouse for the exquisite pleasures and comfort of all residents. A complete range of wellness leisure activities are provided in Queen's Garden. • Outdoor heated swimming pool • Spa & sauna • Barbeque area • Squash courts • Gymnasium • Aerobics room • Golf simulator • Function room • Children's playgrounds • Sky garden • Cigar Divan AmChamHK
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GUIDE TO RESIDENTIAL RENTALS
63 Deep Water Bay Road Island South
Size
3,362 – 3,479 sf (GFA) 2,727 – 2,838 sf (SA)
Bedrooms
4 Bed, 3.5 bath, 2 Carpark, Garden, Terrace
Provision
Upgraded Kitchen and Upgrade Proposal for Bathrooms
Rental
HK$150,000
Leasing Agent
Signature Homes (SHKP)
Well known for its family-friendly clubhouse facilities, 63 Deep Water Bay Road is a prestigious house-development many families sought after. As the SHKP residential leasing portfolio, our premium residents are fully supported by professional teams of CS representatives and technical specialists.
• •
Special Features
• •
Minutes away from city and strategic location for both work and school Comprehensive facilities from outdoor heated pool, gym, function room, outdoor children playground,
landscaped garden to squash court, etc Famous for safe complex with solid security and high privacy Complimentary Signature Club premium membership offers exclusive benefits from retailers and regular tenants’ activities
Contact: +852 2828 5212 - Ms. Twinkle Chan Email: SignatureHomes@shkp.com
www.SignatureHomes.com.hk
The Kennedy on Belcher’s 97 Belcher’s Street, Kennedy Town Size
474 – 1,040 sf (GFA) | Saleable area from 344- 834 sf (SA)
Bedrooms
1 Bedroom- 3 Bedroom with en suite
Provision
Brand new units with topnotch Miele kitchen appliances
Rental
Early bird special rate from $24,000 per month
Leasing Agent
Sun Hung Kai Real Estate (Sales and Leasing) Agency Ltd
The Kennedy on Belcher’s - The new development sitting on the western end of Hong Kong Island provides flexileasing options to suit clients’ lifestyle needs! Conveniently located within 5 minutes’ walk from the MTR station and the nearby public transport interchange.
• •
in optional package. Full Wifi coverage throughout the property, including clubhouse and units. Standard provisions include digital door lock, curtains, wardrobes with dressing tables, ceiling lights.
Special Features
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Highest sky club on HK Island at a height of 176M. Panoramic views of the vibrant Victoria Harbour. 24-hour gymnasium, sauna and steam rooms. Chic and stylish furniture available for ready-to-move-
Tel: +852 2828 5152 - Mr. Kevin Ip Email: SignatureHomes@shkp.com
www.SignatureHomes.com.hk AmChamHK
6 • 2018
GUIDE TO RESIDENTIAL RENTALS
The Grand Blossom Serviced Apartments No.123 Bulkeley Street, Hung Hom, Kowloon
Rail Line. Just a few minutes away from the vibrancy of the commercial and entertainment hub of Tsim Sha Tsui, the 33-storey apartment block lies in a bustling neighborhood.
Room/Unit Size(s)
Single Suites, and 2 to 3 bedrooms / Max. 763 sq.ft.
Price range
$8,000-$35,000
Min. length of stay
1 month
Apartment Features
Total number of rooms
92 flats
• • • • • • • •
Free housekeeping service once a week 24 Hours Round-the-clock Professional Management and Security Services Complimentary up to 100Mb High Speed Wi-Fi Complimentary toiletries upon check-in Well-appointed kitchenette Unlimited Utilities Package Guest lounge and fitness area Parking space for rent
Special Features/Amenities Boasting a strategic location at the center of all the excitement in Kowloon, The Grand Blossom provides a cozy abode where guests can settle in and explore the city. Its sleek and modern interiors, together with picturesque sea views further set the benchmark of ultimate luxury and comfort.
Accessibility The Grand Blossom occupies a prime location in proximity to Ho Man Tin and Hung Hom MTR Station, where guests can avail of the services of both the East Rail Line and West
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Tel: +852 6999 5123 Fax: +852 2545 5654 Email: info@grandblossom.com.hk
www.grandblossom.com.hk 55
GUIDE TO RESIDENTIAL RENTALS
The HarbourView Place @ ICC megalopolis Atop MTR/AEL Kowloon Station, 1 Austin Road West, Kowloon Size Range of Units
Gross Area 464 - 3,270 sq. ft
Bedrooms
Studios to 3-bedroom Suites, Presidential Suites
Parking Facilities
Monthly parking available at an additional fee
Monthly Rental
HK$36,000 up
Contact
Ms Elaine Lau
Tel
(852) 3718 8000
WhatsApp/WeChat
(852) 9661 7100
enquiries@harbourviewplace.com
The HarbourView Place offers unparalleled, luxury accommodation to discerning guests from around the world. Encompassed by panoramic views of the Victoria Harbour, guests are pampered by world-class facilities and impeccable services. Echoing the success of its sister property Four Seasons Place, the suites are furnished with stylish décor and comprehensive home entertainment systems, ensuring a perfect home-away-from-home experience. Location With direct access to the MTR / Airport Express Link and the upcoming Guangzhou-Shenzhen-Hong Kong Express Rail Link, The HarbourView Place boasts a superb transportation network. Guests can access the Central district and the Hong Kong International Airport within 5 and 22 minutes by train, making its prime location perfect for those with busy traveling schedules. Located right next to the ICC and directly above Elements mall, The HarbourView Place is surrounded by an impressive range of gourmet dining and high-end entertainment options. Services • Guest Liaison Specialists and 24-hour multilingual concierge service • Daily housekeeping services (except Sundays and Public Holidays) and bed linen change 3 times per week
• • • •
24-hour in-room dining service Limousine pick-up service Wireless broadband internet service Welcome package and bathroom amenities upon arrival
In-room Provisions • Fully equipped kitchenette with refrigerator, microwave/oven, washing and drying unit, induction hob, Nespresso coffee maker, kettle, toaster and a range of kitchenware • Choice of variety pillow menu and pillow top Sealy mattress • Wide screen LED HDTV and DVD player • 5.1 KEF home theatre system (except studios) • LED HDTV in bathroom (2 Bedroom suites or above) • In-room security safe Other Facilities • Rooftop heated pool and Jacuzzi on 76/F • 24-hour gymnasium, sauna, lounge, and reading area with internet access • Multi-purpose function room • Laundromat and personal storage space • Carparking space
www.harbourviewplace.com 56
AmChamHK
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GUIDE TO RESIDENTIAL RENTALS
The Repulse Bay 109 Repulse Bay Road, Hong Kong
Size Range of Units
2,140 sq ft to 5,800 sq ft with simplex and duplex units
Bedrooms
3-6
Parking Facilities
Complimentary covered carpark
Landlord
The Hongkong and Shanghai Hotels, Limited
Tel
(852) 2292 2878 / (852) 2292 2877
Fax
(852) 2812 2176
Special Features/Amenities Built on the site of the famous Repulse Bay Hotel and just 15 minutes from the city, this magnificent environment is surrounded by greenery and is just meters from the sands and serenity of the sweeping bay. The Repulse Bay offers luxurious seaview apartments, fully serviced or unfurnished, for lease. The facility, owned by The Hongkong and Shanghai Hotels, Limited, and operated by The Peninsula Properties, is renowned for quality service and professional management. The Repulse Bay offers every facility for a complete lifestyle including supermarket, medical, dental and health centers, day spa, banking, lifestyle shops, superb restaurants and banqueting. Complimentary covered carpark, regular shuttle service to Central and Ocean Park MTR Station. A private club with outdoor and indoor pools, tennis, squash, gymnasium, aerobics and extensive classes.
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Email: marketingtrb@peninsula.com
www.therepulsebay.com
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GUIDE TO RESIDENTIAL RENTALS
The Lily 129 Repulse Bay Road, Repulse Bay, Hong Kong
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GUIDE TO RESIDENTIAL RENTALS
Profile
Facilities
The Lily is a new kind of luxury residence in Hong Kong and offers the chance to escape the city and relax in comfort and style. From the amazing, one-of-a-kind views of Repulse Bay and the South China Sea to the detail that can be found in every single unit, the Lily makes coming home a rewarding part of your day. This iconic structure, so easily recognised on the approach into Repulse Bay is the latest addition to Hong Kong’s DNA from the concept of the world-renowned architect Sir Norman Foster.
• • • • • • • •
Fully equipped gymnasium All season indoor swimming pool, children’s pool and whirlpool Jacuzzi Outdoor and indoor children’s play area Outdoor barbecue Multi-function private room Internet zone Covered car parking spaces Free shuttle bus service to Wanchai
Specifically designed to capture the ample natural sunlight that Hong Kong’s south side is famous for, every apartment gives residents unparalleled views of the bay and surrounding countryside. The Lily offers some of the largest serviced residence and unfurnished apartments in Hong Kong, ranging from 1,800 square feet to units spanning over 7,000 square feet.
Contact: 2846 5777 - JLL / 2846 7477 - Knight Frank Email: leasing@thelily.hk
http://www.thelily.hk/
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GUIDE TO RESIDENTIAL RENTALS
Castle One By V 1 Castle Road, Mid Levels, Hong Kong Size Range of Units
501 – 1412’ (GFA) 379 – 1050’ (Saleable Area)
Bedrooms
1 bedroom suite to 3 bedroom penthouse suite, either unfurnished or furnished
Monthly Rental
From HK$31,500 (all inclusive)
Leasing Agent
V Residences and Serviced Apartments
Tel
(852) 2533 2188
Rare, Refined City Residences Castle One by V - a 112-unit art deco themed residential building, offers an elevated level of luxury and great convenience. The furnished apartments are fitted out with Molteni & C furniture and a Varenna Designer kitchen. Just steps from the Central Mid-Levels Escalator. Amenities • 23M outdoor swimming pool with jacuzzi and sun deck • Latest LifeFitness equipped gym offers 24 hours access • Family and entertainment friendly club house with private dining facilities
Email: coenquiry@thev.hk
www.castleonehk.com
V Serviced Apartments Causeway Bay / Happy Valley / Wan Chai / West Kowloon Size Range of Units
250 to 900 sq ft
Bedrooms
Studio to 2 Bedroom Penthouse Suite
Monthly Rental
From HK$17,200 (all inclusive)
Leasing Agent
V Residences and Serviced Apartments
Tel
(852) 3602 2388
Pure Luxury, Home Comforts V Group created the “V generation” of serviced apartments, customized to suit the needs and distinct tastes of today’s modern travelers. Today, V Group operates over 300 serviced apartment units, which are all strategically located throughout Hong Kong, with easy access to your everyday life. Amenities • High-speed fiber optic WiFi • V housekeeping service with unlimited toiletries • Fully fitted kitchen with Le Creuset pots & pans • 24 hours access fitness centre
Email: reservations@thev.hk
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AmChamHK
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GUIDE TO RESIDENTIAL RENTALS
Two Macdonnell Road 2 MacDonnell Road, mid-levels, Central, HK
• • • • • • • • • •
Free shuttle bus service to Central In-room dining Laundry and dry cleaning service 24-hour security Baby sitting café bar on 8 communal room launderette 24-hour gym Car park
Room Types Standard / Superior Room: 31 sqm Junior Suite: 44 sqm Business Suite: 52 sqm Deluxe Suite: 60 sqm Family Suite: 70 sqm, two-bedroom
About Situated among the tranquil beauty of central mid-levels, yet just minutes away from the hustle and bustle of central CBD, Two MacDonnell Road is the perfect short and longterm living solution for travellers and expats seeking a place that feels like home while in Hong Kong. Each room and suite comes with full amenities, including complimentary Wi-Fi and a fully-equipped kitchenette. Guests can reenergise themselves with our 24-hour private gym, walk through the lush Botanical Gardens or Hong Kong Park right next door, socialize in our Communal Room or gather together with friends or co-workers to enjoy delicious cuisine and cocktails at café bar on 8.
Size Range of Units
31 sqm - 70 sqm
Units per floor
10
Tel
(852) 2132 2132
Fax
(852) 2131 1000
resv@mr2.com.hk
Room Features
• • • • • •
WiFi in rooms and public areas Cable TV DVD player Voice mail and IDD telephone lines In-room electronic safe Fully-equipped kitchenette with Microwave oven Refrigerator Electric stove with hood • Utensils and cookware • Iron and ironing board (upon request) • Rollaway bed (upon request) • Baby cot (upon request)
Guest Services & Facilities
• •
24-hour reception Housekeeping service
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GUIDE TO RESIDENTIAL RENTALS
Vega Suites Atop MTR Tseung Kwan O Station, 3 Tong Tak Street, Tseung Kwan O
Services 24-hour Multilingual Concierge Service Housekeeping services twice a week (except Sundays) and bed linen change once a week • Wireless broadband internet service • Welcome package and bathroom amenities upon arrival
• • Size Range of Units
Gross Area 372 - 1,560 sq. ft
Bedrooms
Studios to 3-bedroom Suites
Parking Facilities
Monthly parking available at an additional fee
Monthly Rental
HK$22,000 up
Contact
Ms Marianne Leung
Tel
(852) 3963 7888
WhatsApp/WeChat
(852) 9731 7188
enquiries@vegasuites.com.hk
Vega Suites is a stylish serviced suite hotel set within an integrated development complex in Kowloon East. Furnished with modern interiors designed by Philip Liao, Vega Suites promises a perfect homefrom-home living experience with comprehensive in-room provisions, including a fully equipped kitchenette. Most suites boast an open city view or a partial sea view. Guests can enjoy recreational facilities like the Green Terrace, BBQ corner, swimming pool and Fitness Centre; while a 24-hour multilingual concierge service is also on hand to assist guests with different needs. Location Located in a prime location atop MTR Tseung Kwan O station and public transport interchange, Vega Suites provides easy and convenient access to all corners of the city. Guests can reach Kwun Tong, Kowloon Bay, Quarry Bay and North Point by MTR in 11-15 minutes; while Central and Tsim Sha Tsui are just 25-30 minutes away. Vega Suites is also surrounded by entertainment options including fine dining, boutique stores and the trendy PopCorn and PopWalk shopping malls.
In-room Provisions • Fully equipped kitchenette • King size Sealy pillow top mattress • Sofa bed in living room (Studio Deluxe, 1-Bedroom & 1-Bedroom Deluxe) • Wide screen LCD TV, Blu-ray player, and iHome system • In-room security safe Other Facilities • Green Terrace • Work out corner • Laundry corner • Internet/Computer corner • VIP area for private functions • BBQ area • Fitness centre (Crowne Plaza Hong Kong Kowloon East) • Swimming pool (Crowne Plaza Hong Kong Kowloon East) • Car Parking Space
www.vegasuites.com.hk 62
AmChamHK
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GUIDE TO RESIDENTIAL RENTALS
Gateway Apartments Harbour City, Tsim Sha Tsui, Hong Kong Convenience
• •
Immediate access to MTR station, the Star Ferry pier and Hong Kong China Ferry Terminal and only 5 minutes drive to the Airport Express Kowloon Station Enjoy the ultimate convenience at Harbour City, the largest shopping complex in Hong Kong providing 600 shops, dining and entertainment choices
Special Features
• Size Range of Units
712-2,931 sq ft
Bedrooms
Studio to 3-Bedroom Penthouse
Parking Facilities
Available at additional fee
Services
Daily housekeeping, multi-lingual concierge, 24/7 security and maintenance services
Monthly Rental
From HK $45,800
Landlord
Harbour City Estates Ltd
Tel
(852) 2119 3000
enquiry@gatewayapartments.com.hk
•
• • •
Enjoy breathtaking panoramic harbour views of the famous Victoria Harbour or the lush greenery of Kowloon Park Extensive recreational facilities at the 140,000 sq ft exclusive Pacific Club including gym, Jacuzzi, indoor/ outdoor tennis courts, indoor swimming pool, men’s and women’s Spas, bowling alleys and children's playroom Fully equipped kitchen and home entertaining system with over 100 TV channels Free wireless broadband connection Spacious marble bathrooms with Kohler bathtubs
www.gatewayapartments.com.hk
Harbour Plaza 8 Degrees Harbour City, Tsim Sha Tsui, Hong Kong
Facilities/Services Housekeeping, Wi-Fi, shuttle bus, multi-lingual concierge, 24/7 security, kitchenette available
Special Features Award winning Harbour Plaza 8 Degrees is devoted to provide the ultimate unique hotel experience. On the eastern shore of the Kowloon peninsula is the emerging area of Tokwawan, a destination surrounded by various
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eateries, supermarkets, shops, pharmacies, banks, public transportation network and parks nearby neighboring Kowloon City. The ideal comfortable home for long staying guests. • Boasting 704 cozy and naturally lit guestrooms and suites ranging from 280-620 sq. ft. • Intimate studio and suites with well equipped kitchenette • Free WiFi, use of Handy Smartphone services • Twice weekly housekeeping, 24-hour concierge, 24hour security • Facilities include a fitness centre, large outdoor swimming pool, children’s pool, whirlpool and sauna • Spa services and all-day dining and drinks at its restaurants, cafe and bar. • Free shuttle bus service to and from MTR Stations, and bustling shopping, entertainment and commercial Tsimshatsui destination
Contact: 2126 1996 - Winnie Lai
Winniel.hp8d@harbour-plaza.com 63
GUIDE TO RESIDENTIAL RENTALS
Bamboo Grove 74 - 86 Kennedy Road, Hong Kong
Size Range of Units
1,772 sq ft Gross to 5,964 sq ft Gross
Bedrooms
3-5
Parking Facilities
Ample resident & visitor parking spaces
Leasing Agent
Hysan Leasing Company Limited
Contact
Ms Grace Mak / Ms Ida Ip
Tel
(852) 9100 4454 / 6680 6696
Fax
(852) 2577 6159
residential@hysan.com.hk
Website
www.bamboogrove.com
Special Features / Amenities
• • • • •
Lee Gardens Apartments
Convenient Mid-Levels location within 10 minutes’ walk from the MTR In renowned school districts with more than 50 popular local and international schools nearby Three to six bedrooms from 1,772 sf. to 5,964 sf, furnished or unfurnished 20,000 sf. clubhouse with social activities and one-stop personalised resident services A typical three-bedroom unit starts at HK$80,000 per month inclusive
25 Lan Fong Road, Causeway Bay
Special Features / Amenities
• • • •
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Situated in a perfect location within 2 minutes’ walk to Causeway Bay MTR station. A selection of stylish and convenient studios and 1 bedroom serviced apartments, with sizes ranging from 411 sf to 738 sf. Lease Term: Minimum 1 month Monthly rate is inclusive of management fee, government rates, water, electricity, gas, airconditioning, kitchen ware, housekeeping services and internet access 24-hour security
Size Range of Units
411 sq ft Gross to 738 sq ft Gross
Layout
Studio and 1-bedroom
Leasing Agent
Hysan Leasing Company Limited
Contact
Ms Grace Mak / Ms Ida Ip
Tel
(852) 9100 4454 / 6680 6696
Fax
(852) 2577 6159
residential@hysan.com.hk
Website
http://www.bamboogrove.com.hk/eng/ available/lee_index.php
Exclusive Resident Privileges and Activities
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GUIDE TO RESIDENTIAL RENTALS
Sino Real Estate Agency Ltd
Bowen’s Lookout 13 Bowen Road, The Peak, Hong Kong
Size Range of Units
4-bedroom double ensuite apartments 2,388 s.f. (M.F.A.) / 1,702 s.f. (S.F.A.) Duplex 5-bedroom double ensuite apartment 4,050 s.f. (M.F.A.) / 2,739s.f. (S.F.A.)
Monthly Rental
From HK$125,000
Leasing Agent
Sino Real Estate Agency Ltd
Contact
Ms. Carol Leung / Mr. William Choi
Tel
(852) 8107 0038
leasingcs@sino.com
Website
www.bowenslookout.com.hk
Special Features / Amenities
Nestled in Bowen Road on the Peak, a coveted area neighbouring consulates and iconic developments, Bowen’s Lookout blends convenience of living and access to all corners of the city, with Admiralty and Central just a
Bowen’s Lookout provides 26 elegantly appointed apartments. Each unit occupies the entire floor, ensuring residents exclusive access to the grand, private lobby. Inside the units, the expansive windows bring in abundant natural light, and residents can enjoy panoramic sea view from the 50-square-foot balcony.
few minutes drive away.
HK Gold Coast Residences Sea View Apartments and Marina Villas 1 Castle Peak Road, Castle Peak Bay, New Territories
Special Features / Amenities
• • • • •
Breathtaking panoramic views of the Gold Coast Yacht Club marina and Castle Peak Bay One of the HK’s largest outdoor free-form pools, landscaped gardens, tennis courts and full range clubhouse facilities Lavish green open space makes this one of Hong Kong’s most unique homes, including a 50,000 sq ft Gold Coast Lawn for colorful fun in the sun Residents can book a private cruise on our 58 foot luxury yacht at special rate Convenient and frequent Shuttle Buses to Tsuen Wan/ Tsuen Wan West MTR Station (20 mins), Olympic MTR
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Size Range of Sea View Apartments
700 to 1,718 s.f. (M.F.A.) 535 to 1,245 s.f. (S.F.A.)
Price Range of Sea View Apartments
HK$13,500 per month up
Size Range of Marina Villas
1,950 to 3,540 s.f. (M.F.A.) 1,559 to 2,833 s.f. (S.F.A.)
Price Range of Marina Villas
1,950 s.f., HK$44,800 per month up 2,940 s.f., HK$75,000 per month up 3,355 – 3,540 s.f., HK$95,000 per month up
Size Range of Serviced Apartments
700 to 1,372 s.f. (M.F.A.) 535 to 1,069 s.f. (S.F.A.)
Price Range of Serviced Apartments
HK$24,000 per month up
Parking Facilities
Covered car park with visitor parking
Leasing Agent
Sino Real Estate Agency Ltd
Contact
Mrs. Galy Cowen
Tel
(852) 8108 0200
galycowen@sino.com
Website
www.goldcoast.com.hk
• •
Station (25 mins) and the HK International Airport (35 mins); Just 30 mins drive to Central Close to International schools Enjoy resort living with one of the biggest expatriates community 65
GUIDE TO RESIDENTIAL RENTALS
Sino Real Estate Agency Ltd
The Camphora 51-52 Haiphong Road, Tsim Sha Tsui, Kowloon Size Range of Units:
Studio (1-4, 6-9/F) 491 - 518 s.f. (M.F.A.) / 319 - 337 s.f. (S.F.A.) Balcony (2-4, 6-9/F) 69 - 207 s.f. (S.F.A.)
Monthly Rental
From HK$28,800
Leasing Agent
Sino Real Estate Agency Ltd
Contact
Ms. Cynthia Lo / Mr. Michael Ng
Tel
(852) 8107 0038
thecamphora@sino.com
Website
www.thecamphora.com.hk
Special Features / Amenities
The Camphora, carefully refurbished from a mansion built in the 1950s with minimal alteration while restoring the original elegance, received the ‘Special Architectural Award- Heritage and Adaptive Reuse’ at the 2015 Annual Awards of the Hong Kong institute of Architects.
The Camphora comprises 24 residences in the format of studio with some coming with a terrace. In addition to a rooftop garden, the fifth floor houses the clubhouse, where residents can enjoy comprehensive facilities included a gymnasium, self-service laundry room, business corner and reading area. All apartments come with a fully equipped kitchen with oven, refrigeratorand freezer, gas cooker, exhaust hood and kitchenware. The home entertainment system encompasses an LED iDTV with over 50 NOW TV and local channel as well as complimentary Wi-Fi.
The Humphreys 6-6A Humphreys Avenue, Tsim Sha Tsui, Kowloon
Located at the heart of Tsim Sha Tsui, The Humphreys offers comforts and convenience with dining and hotspots right on the doorstep as well as convenient access from Tsim Sha Tsui Station.
Special Features / Amenities
Size Range of Units:
Studio(8/F) 358 – 385 s.f. (M.F.A.) / 233 – 250 s.f (S.F.A.) One Bedroom (4/F – 8/F) 445 – 488 s.f. (M.F.A.) / 289 – 317 s.f. (S.F.A.) Two Bedroom (4/F – 8/F) 549 – 575 s.f. (M.F.A.) / 357 – 374 s.f. (S.F.A.) Balcony (4/F & 8/F) 61 – 122 s.f. (S.F.A.)
Monthly Rental
From HK$26,500
Leasing Agent
Sino Real Estate Agency Ltd
Contact
Ms. Cynthia Lo / Mr. Michael Ng
Tel
(852) 8107 0038
thehumphreys@sino.com
Website
www.thehumphreys.com.hk
to bedding. Residents can enjoy communal coffee machine, self-serviced laundry room and rooftop terrace at The Humphreys.
The Humphreys offers 20 contemporary studios, 1-bedroom and 2-bedroom suites. Each suite is fully equipped with a wide range of amenities from refrigerator
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GUIDE TO RESIDENTIAL RENTALS
Sino Real Estate Agency Ltd
The Ventris 20 Ventris Road, Happy Valley, Hong Kong
Located in prestigious Happy Valley, The Ventris offers a fine balance between spacious relaxing luxury and urban excitement. One-apartment-per-floor design ensures privacy.
Special Features / Amenities Each unit in The Ventris is furnished with high-quality, branded furniture. Few minutes’ walk to tram station. Close to Happy Valley Race Course, Causeway Bay and Central, providing convenient transport across HK Island.
Size Range of Units:
1-bedroom 812 s.f. (M.F.A.) / 567 s.f. (S.F.A.) Terrace (2/F) 623 s.f. (M.F.A.)
Monthly Rental
From HK$36,800
Leasing Agent
Sino Real Estate Agency Ltd
Contact
Mr. Frank Lin / Ms. Chloe Ko
Tel
(852) 8107 0038
theventris@sino.com
Website
www.ventris.com.hk
One-apartment-per-floor designensures privacy, 24-hour security services and door phone for direct communication with visitors and lobby security. All apartments come with a fully equipped kitchen with De Dietrich oven, refrigerator and freezer, kitchenware and in-room laundry facilities. The home entertainment comprises a 40” Samsung LED iDTV with over 50 NOW TV and local channel as well as complimentary Wi-Fi.
Three Bays 7 Stanley Beach Road, Tai Tam Bay, Hong Kong
Three Bays embraces the scenic Tai Tam Bay, Repulse Bay and Deep Water Bay at Island South. It offers all you can ask for waterfront living - expansive open sea views, accessibility to a wide spectrum of water sports, lush nature and a privileged blend of urban living and serenity.
Size Range of Units:
4-ensuite Houses 3,870 s.f. (M.F.A.) / 3,021 s.f. (S.F.A.) 3,960 s.f. (M.F.A.) / 3,096 s.f. (S.F.A.)
Monthly Rental
From HK$268,000
Leasing Agent
Sino Real Estate Agency Ltd
Contact
Mr. William Choi / Ms. Carol Leung
Tel
(852) 8107 0038
leasingcs@sino.com
Website
www.threebays.com.hk
and garden. Lofty headroom ranging from 12 to 16 feet, and the floor-to-ceiling windows that allow abundant natural light into the house, exude a sense of spaciousness and comfort. The exclusive fully equipped clubhouse will charm you even more with its 35-metre outdoor swimming pool for yourself, your family and your guests.
Special Features / Amenities The 9 spacious houses are elegantly appointed, refurbished with stylish amenities and features its own private terrace
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THE LAST PAGE
Futuristic Vision A closer look at the winning model of AmCham’s “My Smart Hong Kong 2030” contest, by Sacred Heart Canossian College
Smart street lights embedded with sensors to monitor traffic flow and air quality
City-wide coverage of high-speed secure wifi
Real-time public transport tracking via interconnected mobile apps
Cashierless convenience stores
Solar panels and renewable energy to power “green” buildings
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More green spaces and cycle paths; use of shared bikes
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