Appointed on high-end retirement home development

2 April 2012

Sweett Group plc

("Sweett Group" or "the Group")

Sweett Group appointed on high-end retirement home development in Hong Kong

Sweett Group, the property and infrastructure professional services consultancy, is pleased to announce its appointment by the Hong Kong Housing Society (HKHS) to provide cost management services on the first dedicated high-end retirement home development of its kind in Hong Kong.

The development, which comprises over 1,500 dwellings, has an estimated construction cost of over HKD 1bn (£81m) and will offer long-term leases for apartments ranging from 50m2 to 80m2 at a fixed, up-front price. The development is being delivered in two stages in the North Point area of Hong Kong Island, the first at Tanner Hill, comprising three 30-storey high-rise towers with a total of over 500 dwellings to be completed during 2015. The second stage, at Tin Shui Wan, will deliver a further 1,000 dwellings by 2016. 

The development is intended to provide residents with the freedom of independent living with the comfort of high-end services and amenities. Each site will include health centres, recreational facilities including indoor swimming pools and a range of retail and service outlets.

Commenting on the appointment, Jill Kennedy, Sweett Group's Project Director said:

"We are very pleased to be involved in this one of a kind scheme. What sets this project apart from others is its pricing structure, which takes into account a resident's age and requirements to provide a high level of standard and service - all in one convenient location and at a fixed cost." 

C.F. Wong, Director at Sweett Group in Hong Kong said:

"The Tanner Hill and Tin Shui Wan developments are setting a standard for the provision of retirement living in Hong Kong, a city that is expected to see significant demographic shift over the next 20 years."

Sweett Group has a long track-record of working with the Hong Kong Housing Society, including Kai Tak Estate Phase 1 and 2 and the Three City Revitalisation Projects at Cheung Chau, Peng Chau and North Point.

With 12 offices across mainland China, Macau and Hong Kong, Sweett Group has been operating in the region since 1977 (previously under the 'Widnell Sweett' name) and is a leader in the provision of cost management services for high-rise residential developments, with a current portfolio of over 300 commissions. 

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About Sweett Group

Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP/PFI investment.

We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve.

www.sweettgroup.com