Peterson Group is pleased to announce that it has successfully acquired the Ventris Court at 15 Ventris Road, Happy Valley, with Wheelock Properties for HKD 1.732 billion. This marks the first collaborative development project between the two groups, which will eventually be developed into high-quality luxury residences.
The current site consists of two 9-story residential buildings that are approximately 59 years old, with a site area of about 17,595 square feet and a permissible plot ratio of 5 times. We will soon initiate related procedures, such as applying for the demolition of the property, and anticipate launching the project to the market in three years.