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Thursday, 12 March 2015, 13:25 HKT/SGT

Source: Concord Pacific
Concord CityPlace, Premium Waterfront Project at Downtown Toronto, Launches in Hong Kong

HONG KONG, Mar 12, 2015 - (ACN Newswire) - Concord Adex, a subsidiary of Concord Pacific - Canada's leading urban community developer, will launch its premium Toronto development, Concord CityPlace, at an exhibition in Hong Kong on March 14th and 15th. With its prime downtown waterfront location, the project presents a promising investment opportunity. Selected suites from the Newton and Forward projects are reserved for Hong Kong buyers who attend the exhibition this weekend, March 14th and 15th. Prices from CAD$290,000 (approx. HK$1.8 million).

Concord CityPlace, Premium Waterfront Project at Downtown Toronto, Launches in Hong Kong

Prime Waterfront Location in the Heart of the City

Concord CityPlace is a master-planned community situated at the highly sought-after downtown lakefront location, adjacent to the iconic landmarks - CN tower and Rogers Centre. The 45-acre development is the largest residential community project in downtown Toronto.

Parks and trails along Lake Ontario, financial, shopping and entertainment districts are all accessible within minutes. Whether it is for a vacation home, a rental property or a home for children studying abroad at one of the three leading universities (University of Toronto, Ryerson University and Ontario College of Art and Design), Concord CityPlace offers an unparalleled real estate investment opportunity with strong potential for capital appreciation.

Featuring NEWTON and FORWARD, waterfront living with no compromise

With an 8-acre central park, supermarkets, banks, schools, daycare, library, bicycle and jogging lane by the lake, it is an unexcelled residential development in Toronto with established infrastructure. The TTC street car station is only one-minute walk from home and it connects you to the subway network. The ultimate urban convenience.

The Prisma Club is a five-star resident's clubhouse, offering three floors of fitness and entertainment facilities, which includes: an indoor swimming pool, an outdoor jacuzzi tub, multi-purpose basketball and badminton courts, cardio fitness center, yoga studio, cinema, banquet hall, and rooms for overnight guests. In addition, it features a series of Professional Studios that inspires creativity, including a music band studio, a professional photography studio, a dance studio and an art studio, as well as a children interactive learning playroom.

"Toronto is the financial core of Canada. The real estate market has experienced a solid and healthy growth over the years. The intensification of the central business district has created a strong and steady demand for housing in downtown Toronto. The condo vacancy rate is consistently at low level. According to a recent report from Toronto Real Estate Board in February 2015, the composite benchmark is approximately CAD$528,000 (approximately HK $ 3.3 million), representing a y-o-y increase of 7.84%. The two residential projects, Newton and Forward, that we are about to launch in Hong Kong, is situated at a prime waterfront location in downtown Toronto. I believe this is an excellent opportunity for Hong Kong investors to expand their real estate portfolio." says Mr. Brian Fong, Senior Manager, Project Marketing of Concord Adex.

Highlights of Concord CityPlace

- Price from CAD$290,000 (Approx. HK$1.8 million)
- First 30 buyers will receive guaranteed 12% rental yield for two years and a credit of 24 months maintenance fee.
- Premium location at downtown Toronto with expansive lake and city views
- Easy access to street car and subway system
- Adjacent to financial, university, shopping and entertainment districts
- Toronto ranked 1st of best place to live by Economist and 4th of most livable city by Forbes for 2015
- 5-star luxury resident club facilities - The Prisma Club and Creative Studios
- Elegant interior design and luxury-appointed kitchen and bathroom finishes

Project Summary
Project: Newton and Forward
Price: From CAD$290,000 (Approx. HK$1.8 million)
Storeys: 18 storeys (Newton) and 30 storeys (Forward)
Size: 505 - 1,038 sq. ft.
1 bedroom, 2 bedroom and 3 bedroom
Expected occupancy: Summer 2017

Concord CityPlace Hong Kong Exhibition
Date: 14th - 15th March, 2015 (Sat - Sun)
Time: 11:00am - 7:00pm
Address: Concord Pacific Presentation Centre
7/F, 8 Wyndham Street, Central, Hong Kong
Phone: (852) 2334 0000
Whatsapp: (852) 9142 8000
Email: sales@concordpacific.com.hk
Website: http://www.concordpacific.com/

About Concord Adex
Concord Adex is a subsidiary of Concord Pacific Development Inc, Canada's largest urban community builder. A leader in Canada's real estate market, Concord Pacific has more than 25 years of history. In 1997 Concord Pacific acquired the 45-hectre prime waterfront real estate in downtown Toronto. It was at this time Concord Adex was formed to oversee the development of this inaugural Concord CityPlace site. Upon completion, it can offer space of 5,400,000 sq ft for residential, commercial and retail use.

About Concord Pacific
Concord Pacific Developments Inc is Canada's largest community developer. It was formed in 1987 to develop Concord Pacific Place on the former Expo Lands in downtown Vancouver. In the late 90's, the group merged with the publicly listed Burcon Group, which controlled Oxford Properties that owned one of the largest office and retail portfolios in Canada. In the early 2000's, Concord Pacific became a separate public company and was subsequently privatized. Concord Pacific is now a private company active in the residential and commercial real estate investment and development business.

For more information, please contact:
Ms. Tiffany Cheung, Marketing and PR Manager
Concord Pacific Presentation Centre
Tel: (852) 2334 0000 Mobile: (852) 9288 3940
Email: tiffany@concordpacific.com.hk

Topic: Press release summary
Source: Concord Pacific

Sectors: Daily Finance, Real Estate & REIT, Daily News
From the Asia Corporate News Network

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