Tribeca Place
2 Ping Lan Street, Ap Lei Chau
Bought distressed asset in undiscovered waterfront enclave, years ahead of South Island line MTR extension and Wong Chuk Hang boom
Repositioned property from low-income rent profile with illegal structures, into spacious high-end loft style residences for long stay lease
Acquisition Year
2011Sold
2021Area
6,000 sq. ft.Renovation
Demolished 15 single units
Cleared all Building Orders
Full interior & facade lift
Annual Rent
Increased from
HK$ 450k to HK$ 2.4m
Gross Equity Multiplier
4.67xGross IRR
24.63%Gallery