Swire Properties Portfolio Across Asia Pacific
In 2022, Swire Properties unveiled an HKD 100 billion investment plan for the next 10 years in its core markets including South East Asia, Hong Kong and the Chinese Mainland market, in which around 20% of the funds will be allocated to residential trading opportunities in these markets.
In February 2022, the Company announced its first investment in the Bangkok property market by acquiring 40% interest on a premium site located on Wireless Road.
This acquisition of rare freehold plot marks Swire Properties’ first investment in the Bangkok property market. In a joint venture with local developer City Realty Co. Ltd, the site will be developed into a luxury condominium project.
“South East Asia is an important part of our residential trading strategy and we will continue to explore opportunities which enable us to bring our premium residential brand to new markets in the region,” said Tim Blackburn, Chief Executive of Swire Properties.
Swire Properties also has several residential projects in key Southeast Asia cities currently under development, including Ho Chi Minh City in Vietnam and Jakarta in Indonesia.
Savyavasa is a luxury residential development located in the South Jakarta, Indonesia, themed “Creating Harmony. Perfected by Nature”. Located in the centre of Jakarta’s most vibrant and culturally rich environment, the project consists of 3 towers totalling 418 units with two to four bedrooms; it also features a one km-long jogging trail incorporating natural parklands and an urban forest.
Savyavasa is also the first Jakarta residential project to be built up to the Green Mark Gold standard. It is expected to be completed in 2024.
The 50th Anniversary of Swire Properties
Swire Properties celebrated its 50th anniversary in 2022 through a campaign Original.Always that represents its original thinking during this milestone year. ‘Original’ captures the creative and innovative spirit that has always set Swire Properties apart and is central to what the Company stands for, and ‘Always’ refers to the long-term commitment over the decades and into the future.
Swire Properties also celebrated the contributions in creating a happier and healthier communities, from transformative placemaking and leadership in sustainability, to the core and consideration for people and the value the Company placed on culture and arts for everyone.