Luxury redevelopment of Longview in Tai Tam

For the super wealthy in Hong Kong a new luxury home option is taking shape at “Longview”, No. 45 Tai Tam Road. The 3,009 sqm site and existing dwelling was purchased on 18th December, 2009 for HK$480 million by Tania Development Limited, a Joint Venture between National Electronics Holdings Limited (NEHL) (0213.HK) and J.P. Morgan Asset Management (JPMAM). Their stated plan is to redevelop the site and build two residential houses.

According to the 2010 Annual Report (pdf) of NEHL “The project is at the planning, design and government submission stage and the Joint Venture targets to complete the project by 2013.”

This existing site plan shows the current single dwelling. The planning and government submission stage includes applying for planning permission to relax the maximum site coverage from 22.5% to 33%. The relaxed site coverage would permit the development of the two individual houses as shown in the concept pictures.