Chinachem acquires North Point Terrace site for $1.9b

The residential site will strengthen the group’s development portfolio on Hong Kong Island.

Chinachem Group has acquired a residential site at 1 North Point Terrace for over $1.9b.

The acquisition marks a strategic addition to the group’s development portfolio on Hong Kong Island.

Located in North Point, the site sits within an established neighbourhood with transport links and lifestyle amenities.

Chinachem said the site is a rare and sizable residential parcel in the area, offering development potential and planning flexibility.

The group said the acquisition reflects its focus on expanding its presence in key urban locations and investing in long-term growth.