The Planning Department does not oppose the construction of a super luxury house at 66 Deep Water Bay Road

The property located at 66 Shallow Water Bay Road, held by the founder of Barings Asia Private Equity Fund, Zhuang Jiacheng, or related parties, has previously submitted a proposal to the Town Planning Board for redevelopment into two independent houses, with a total floor area of approximately 16,500 square feet.

Documents from the Planning Department indicate that the floor area will remain unchanged after redevelopment and will not impact surrounding traffic, environment, etc. Consultations with relevant departments such as the Environmental Protection Department and the Civil Engineering Department have not raised any objections to the application, thus it is not opposed. It is expected to be approved in the Town Planning Board meeting this Friday (23rd).

Information shows that 66 Shallow Water Bay Road consists of six western-style houses and was sold to Zhuang Jiacheng or related parties for HKD 3.6 billion in January 2023, with a price per square foot exceeding HKD 218,000