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Hong Kong developer H Development seeks medical services providers to lease its purpose-built tower in Causeway Bay

  • H Development Holdings has invested HK$600 million (US$77 million) in Health Aura at 9 Keswick Street in Causeway Bay
  • The tower has been built in accordance with medical specifications, with space dedicated for MRI centre

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Construction in progress at Health Aura on 9 Keswick Street, Causeway Bay. Photo: Jelly Tse
Sandy Li
H Development Holdings is seeking to lease a purpose-built tower, the first of its kind in Causeway Bay, as the privately owned property firm believes the city has the potential to become a medical tourism destination for the Greater Bay Area.
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The company has invested HK$600 million (US$77 million) in Health Aura on Keswick Street, which has a gross floor area of 30,000 square feet. The redeveloped property, which is about a five-minute walk from St Paul’s Hospital, will be available for lease soon.

The tower has been built in accordance with medical specifications all the way down to its sewage systems. The ground floor is specifically designed for a Magnetic Resonance Imaging (MRI) centre based on guidelines from medical-equipment maker Siemens Imaging Systems.

“We hope to lease the whole building to one medical group,” chairman Eric Ng said. “The location is perfect to meet the demand of visitors from the Greater Bay Area who seek medical care in Hong Kong.”

The company has a portfolio worth HK$20 billion in Hong Kong, comprising five completed commercial buildings and another three under construction. Five of the eight buildings are located in Causeway Bay, including the recently completed 25-storey grade A commercial tower, HDH Centre, on Irving Street.

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Analysts said demand for wellness and health care services from locals and mainland visitors, especially routine check-ups and screenings for cancer, are likely to grow in the coming years due to an increasingly greying population. Figures from Hong Kong government show that the share of city’s population aged 65 or above will increase from 19 per cent in 2020, to 31 per cent in 2039, and 34 per cent in 2049.

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