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The birthplace of kung fu films will turn into flats and villas in Fosun’s plan to redevelop Shaw Brothers’ Hong Kong Movietown heritage site

  • The complex on Clear Water Bay Road in Sai Kung will be redeveloped into a project with 1.05 million square feet (97,548 square metres) of usable space
  • The development is estimated to cost between HK$3.8 billion and up to HK$4.5 billion, according to estimates

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The late Hong Kong movie mogul Sir Run Run Shaw with his Rolls-Royce in front of Shaw House in Sai Kung on 14 January 1993. Photo: Handout
Cheryl Arcibal

Shaw Brothers’ Movietown studio complex in Hong Kong’s Sai Kung district is being transformed into a residential enclave, a decade after production ceased at the birthplace of Chinese kung fu films once dubbed Asia’s Hollywood.

The complex on Clear Water Bay Road will be redeveloped into a project with 1.05 million square feet (97,548 square metres) of usable space, featuring 14 three-storey villas and 23 apartment buildings that stand between six and 11 floors each, recreational facilities, a club house and a car park, according to the city’s Buildings Department.

The development is estimated to cost between HK$3.8 billion (US$485 million) and up to HK$4.5 billion, excluding the premium paid for the land, according to Martin Wong, director of research and consultancy for Greater China at the property consultancy Knight Frank.

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