Page 152 - Urban Renewal Authority 2023-24 Annual Report

NOTES TO THE FINANCIAL STATEMENTS

(expressed in Hong Kong Dollars)

14. Balances with joint development projects

2024 2023

$’000 $’000

Amounts due from joint development projects 17,521 27,256
Amounts due to joint development projects (256,653) (244,404)

(239,132) (217,148)

All amounts due from/(to) joint development projects are expected to be recovered/settled within one
year.

The Group has the following active joint development projects as at 31 March 2024:

Actual Expected
Total gross completion completion
Project Name/Location Land use floor area date date

(m ) (calendar year) (calendar year)
2
The Zenith/One Wanchai Commercial/Residential 62,310 2006 –
(Wan Chai) (Site A & B)
2013
(Site C)

* Vision City/Citywalk Commercial/Residential 137,885 2007 –
(Tsuen Wan)

* The Dynasty/Citywalk 2 Commercial/Residential 44,404 2008 –
(Tsuen Wan)

* Vista Commercial/Residential 12,708 2009 –
(Sham Shui Po)

Lime Stardom Commercial/Residential 19,735 2011 –
(Tai Kok Tsui)

* Park Summit Commercial/Residential 21,402 2013 –
(Tai Kok Tsui)

Park Metropolitan Residential 27,830 2014 –
(Kwun Tong)

Park Ivy Commercial/Residential 4,843 2014 –
(Tai Kok Tsui)

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