Sky Ace Enterprises Unveils 194 Units at State Residence in North Point
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
Sky Ace Enterprises launched sales for 194 units at its State Residence project in North Point on Friday, with shareholders connected to the Chow Tai Fook (1929) conglomerate . The development features one- to three-bedroom units and special units spanning 277 to 1,465 square feet . New World Development (stock code: 0017) is serving as the project assistant . The project is strategically located near the upcoming STATE THEATRE by K11, Hong Kong Island's first K11 retail landmark, which is slated to open in the first half of 2027 .
Key Points
- State Residence in North Point has uploaded a sales brochure for 194 units, with Chow Tai Fook (1929) as major shareholders
- Unit types include one- to three-bedroom layouts plus special units, ranging from 277 to 1,465 square feet
- New World Development (0017) is acting as the project assistant for the State Residence development
- The project sits adjacent to STATE THEATRE by K11, the first K11 retail landmark on Hong Kong Island, opening first half 2027
- The retail component spans four floors with over 85,000 square feet, alongside a new Grade A office building
Why It Matters
The launch adds significant new supply to Hong Kong's residential market during a period of cautious buyer sentiment . The project's integration with K11's premium retail and Grade A office components signals a trend toward mixed-use developments that could reshape North Point's appeal to both residents and investors .
The launch adds significant new supply to Hong Kong's residential market during a period of cautious buyer sentiment . The project's integration with K11's premium retail and Grade A office components signals a trend toward mixed-use developments that could reshape North Point's appeal to both residents and investors .