Sino Group Presents 'Sino Suites'

A growing portfolio of exquisite suites with seven well-located,coveted properties for lease,delivering chic,urban living

HONG KONG,Jan. 28,2019 -- Sino Group presents "Sino Suites",a growing portfolio of exquisite,for-lease residences at prime locations. "Sino Suites" currently comprises seven coveted properties,namely The Camphora and The Humphreys in Tsim Sha Tsui; The Staunton and The Gage in Central; The Johnston and The Hillside in Wan Chai as well as The Ventris in Happy Valley. Located in sought-after precincts,the properties offer easy access to the city's ever-efficient transport network as well as shopping and dining hotspots.

Ms Andrea Leung,General Manager,Leasing Marketing and Promotions of Sino Group (left) and Ms Irene Lee,Senior Manager,Leasing Department of Sino Group (right) present 'Sino Suites',for-lease residences at prime locations.

The Gage is housed in a meticulously-restored tong lau,which combines contemporary design and the traditional,functional characteristics of tenement buildings. It comprises five storeys with one unit on each floor.

At the new serviced apartment at The Staunton,residents enjoy contemporary home comforts and a refreshingly warm design,quality appliances and amenities.

Blending modern home comforts with cultural heritage,"Sino Suites" epitomises Hong Kong's unique,East-meets-West charm amid contemporary designs built upon cosy urban lifestyles. Residents can enjoy the convenience of the metropolis while relaxing in smart,beautifully-presented and ready-to-move in residences.

"Apartments with thoughtful provisions has become increasingly popular in recent years among locals and expatriates alike,many of them are young executives who want smart,thoughtful designs in well-planned space," explains Ms Andrea Leung,Leasing Marketing and Promotions of Sino Group."Tenants particularly appreciate space that blends heritage with modernity,and above all,where they can enjoy the comforts of modern home - space in which they can relax and unwind from the hustles and bustles,while thoughtful and smart provisions to keep everything organised. Location,including accessibility,the neighbourhood,as well as access to urban features,is also crucial when selecting a residence."

"With relatively flexible contract terms and fully-furnished provisions,'Sino Suites' properties appeal to discerning residents looking for quality of life," adds Ms Leung.

All apartments on the "Sino Suites" portfolio are located in the core districts of the city,including Central,Wan Chai,Tsim Sha Tsui and Happy Valley. At each location,the local culture and character of the neighbourhood are taken into consideration into the development. On the heels of the three sought-after apartments launched over the past two years,namely The Humphreys,The Staunton and The Hillside,the Group presents "The Gage" at 36 Gage Street and "The Staunton" at 22 Staunton Street,both located at SoHo,Central,for media preview.

Sino Suites - A stylish portfolio of developments with convenience and liveability

The Gage is housed in a meticulously-restored tong lau,functional characteristics of tenement buildings. It comprises five storeys with one unit on each floor. A warm,soothing touch,a sense of harmony at home and welcoming aesthetics are the goal of the design. Each residence is fitted with a walk-in wardrobe,gas cooking hob,exhaust hood,refrigerator,microwave oven and washer/dryer for homey living.Located at the very heart of the buzzing,colourful SoHo,The Gage is a mere 10-minute walk to MTR,delivering superb urban connectivity to residents. On weekends,SoHo is buzzing with its classic landmarks,art and craft galleries and restaurants,all nestled against cutting-edge leisure and entertainment spaces.

Meanwhile,at the new serviced apartment at The Staunton,quality appliances and amenities. There are 57 suites,and the building's communal spaces include a fully-equipped gym,and outdoor terrace for rest and relaxation. Its business centre services make it ideal for entrepreneurs and the career-minded,who will find this well-located property in the heart of the CBD particularly appealing.

Tsim Sha Tsui is replete with cultural destinations and as well as dining and shopping options,where deeply ingrained cultural experiences and the best of modern living positively meet. Here,The Camphora presents a place in-keeping with the cultural sensibilities,while epitomising a "twist of modern design". Built originally in the 1950s,the property has been carefully revitalised. It nestles amid Kowloon Park,cultural gems,greenery and high-rises buildings,and units on high floors enjoy panoramas of the city.

Across Victoria Harbour,Wan Chai offers its own interpretation of "old meets new",where provenance and modernity connect. The Hillside and The Johnston are located next to Lee Tung Avenue,a beautiful,200-metre,tree-lined boulevard,a joint effort by Sino Land,Hopewell and the URA. Along the avenue,visitors can enjoy quaint cafes and gourmet restaurants,and do shopping at local and international brands. This area is highly accessible via all forms of transport and new properties help breathe new life into established district of Wan Chai.

Ms Irene Lee,Leasing Department of Sino Group reveals,"The 'Sino Suites' brand caters to a great number of local and overseas tenants,and builds on the Group's leasing experience. We are delighted to report a high level of occupancy. For instance,the average occupancy rate of The Staunton in Central was over 95% in 2018,and most of the tenants work on Hong Kong Island. We strive to provide a range of distinctive choices in carefully selected locations through 'Sino Suites'. Our two latest projects,namely The Hillside and The Gage,are attracting expatriates and locals,and all the 22 units at The Hillside have been confirmed in two months,while four out of five units at The Gage have been leased.

"The overall occupancy rate of 'Sino Suites' apartments is approximately 90%,and among them,almost 80% of leasing contracts were rented out at over $90 per square foot (saleable area). We have received a good number of enquiries and requests to visit the show flat. We are confident that the remaining units will be rented out soon," adds Ms Lee.

"In 2018,the Hong Kong leasing market has seen an increase in rents of 8-10% in general. The supply of leasing properties is limited compared to the growing demand from locals and overseas tenants. We are optimistic about further growth in the leasing market. In 2019,with the launch of the mega infrastructure projects like Guangzhou-Shenzhen-Hong Kong Express Rail Link and robust market demand,we believe there is room for growth. Sino Suites will continue to provide exquisite apartments to cater to the needs of residents," concludes Ms Leung.

About Sino Group

Sino Group is one of the leading property developers in Hong Kong with core business in developing residential,office,industrial and retail properties for sale and investment. The Group is also a major player in hotel investment and management,club management,property management,car park operations as well as environmental and security services.

We employ more than 10,000 committed staff members,who share the mission of creating better lifescapes by delivering quality products and services while upholding integrity and advocating sustainability.

Dedicated to promoting arts and culture to enrich lifescapes,Sino Group initiated "Sino Art" in 2006 as one of the four key pillars of the Group's corporate social responsibility efforts,alongside Sino Care,Sino Green and Sino Heritage. Sino Art seeks to make arts and culture accessible to all. In addition to supporting arts and design events,we curate events and partner with cultural organisations to promote arts,and provide local and international artists with a platform to showcase their works at the Group's properties. We extend our reach and bring arts to the community through the launch of "Sino Art in Community" in 2013.

Media Contact

Betty Wong / Janet Kwan

+852 2132 8718 / 7100 2662

media@sino.com

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