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Real Estate · Hong KongTWHORET uplift ratio 1 : 17200
TWHO · Tsuen Wan Industrial Building was redeveloped into residential housing
A rare "industrial building-to-residential" approved asset in Hong Kong, located in the core area of Tsuen Wan, phased asset package, issued according to standardized area units
The project's token is priced at "1 token = 1 square foot." The subscription threshold and upgrade ratio differ from other real estate projects. See "Token Economy" for details.
Overall project valuation
$236 million
Scale of the initial asset package
$51.6 million
Token pricing
1720 USDT/coin
Total token issuance
30,000 copies
Minimum subscription unit
5 pieces
Tokens correspond to assets
Bonus Warrant1 TWHO = 1 square foot property
Subscription
On-chain asset ID
0x68...E1fD
BSC · RWA
发行与交付核心机制
标的所在地
Moving from Scarce Jobs to Approved Assets in Hong Kong · Initial asset package
优质核心资产
资产包周期
3 years
标准持有周期
资产管理机构
Middle East Asset Management Limited participated in asset locking, fund supervision, and cross-border settlement arrangements.
独立监管与审计
升维比例
1 : 17200
代币化映射标准
Project location and asset composition
The project is located in the core industrial area of Tsuen Wan in Hong Kong. Originally, two 14-story industrial towers built in 1975 received conditional approval from the Town Planning Board in January 2024, and are planned to be redeveloped into 29-storey residential buildings equipped with community service facilities.
The core industrial area of Tsuen Wan is currently undergoing urban renewal cycle, with extremely limited land supply. This project is one of Hong Kong's rare "work-to-residence" approved assets. The project is adjacent to MTR Tsuen Wan West Station and several main roads, with long-term stable residential demand in the area.
The expected opening price for rebuilt residential units is HKD 18,167 per square foot, and the RWA token is priced at USDT 1,720 per token (approximately HKD 13,500 per token), representing a 75% discount from the expected opening price, providing investors with a natural safety cushion and significantly increasing valuation potential.
A rare asset in Hong Kong with approval for the conversion of an industrial building to residential use, located in the heart of Tsuen Wan; offered as a phased asset package with standardized area shares
Ownership of property
Clear property rights, wholly owned by the fund company, with no disputes over creditors
At this stage
Currently, the project has received planning approval, secured a HKD 450 million bank loan, and is awaiting land premium payment, lease modification, demolition, and reconstruction stages.
Each asset package cycle
Three years
Expected opening sales time
2028
Residential floors available for sale
100,239.5 square feet
Number of residential units
261 units
The total price range for a single unit
5 million to 20 million HKD
TWHO · Tsuen Wan Industrial Building was redeveloped into residential housing
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