Chuang’s Le Papillon

Chuang’s Le Papillon is an integrated residential and commercial community and its development is implemented by phases. The Chuang’s China Group has completed the development of Phase I and II, having a total GFA of approximately 260,800 sq. m.. It comprises 34 high-rise residential towers with a total of 2,077 flats and 22 villas, commercial properties, club houses and 1,497 carparking spaces.

All residential flats of Phase I and II have been sold. Up to the date of this
report, 32 carparks were sold. The Chuang’s China Group will continue to
market the remaining unsold 383 carparks of about RMB42.1 million (equivalent to approximately HK$47.9 million).

For the remaining development (Phase III), the Chuang’s China Group owns a land of over 92,000 sq. m. and its total plot ratio GFA was about 175,011 sq. m.. Land quota for development of about 123,362 sq. m. has been obtained in prior years, whereas the land quota of the remaining 51,649 sq. m. has also been obtained during the period.

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