The Development Studio is a real estate developer and investor based in Hong Kong, with a focus on residential and commercial properties. The team seeks to uncover niche opportunities with distinctive investment angles through judicious acquisition, creative market positioning and innovative design.
TDS Chairman Keith G Kerr cultivated deep industry relationships from over three decades of experience in building one of the largest commercial portfolio in Hong Kong and premium residential development during his tenure in Swire Properties. He is currently the President of Real Estate Development Association and Non-Executive Chairman of Grosvenor (Asia Pacific).
Supported by a strong banking network
Established a network of investor relationships that consists of old family office and ultra high net worth individuals.
Commitment to safeguard the privacy of our investors
Investment strategy and management
Disciplined investment philosophy
Judicious acquisition of properties to uncover unique opportunities
Innovative design, attention to craftsmanship and rigorous quality control to create premium and exceptional products to unlock property value
Creative and dynamic team of professionals
A robust investment and finance team with deep industry knowledge and years of experience to uncover unique opportunities
An innovative in house design and project team who strive to create exceptional and high quality products
A strong network of professionals and consultants
Our goal is to leverage our professional experiences and strong networks with investors and landlords to uncover development and investment opportunities with a focus on building premium products while generating attractive returns for our investors.
With Hong Kong as our core market, we actively pursue investment opportunities in both the residential and commercial sectors. Through sound financial analysis, creative designs and a thorough understanding of the local markets, we acquire projects that we believe we can add value while producing attractive returns.
TDS is an investment platform which can undertake both real estate development and investment on its own account and in partnership with other investors on a project- by-project basis. TDS will oversee the entire property cycle from deal sourcing, structured financing, design and construction to sales and marketing
Located in the historic core of Central, Hong Kong, 28 Aberdeen St. is a brand new residential building providing creatively designed units. All units enjoy unobstructed city views overlooking the PMQ, a Grade III listed historic building.
Completed in 2017. Website
Devon Road, Kowloon Tong
A modern interpretation of a single family courtyard house. Ground breaking design and seamless incorporation of outdoor and indoor living areas. Steps away from Festival Walk and Kowloon Tong MTR station.
Disposed in 2017
Tung Street, Poho
In close proximity to 28 Aberdeen St., our flagship building. A residential redevelopment project in progress.
Kennedy Road, Midlevels
Nestled in a quiet corner and conveniently accessible from Queen’s Road East with expansive greenery views.
A unique property with a prestigious address.
Keith formed The Development Studio (TDS) in 2009 in order to leverage his deep industry knowledge and network cultivated during his real estate career, and to share his extensive experience with a younger generation with a vision to create a development company focusing on a wide range of high quality residential and commercial projects.
Prior to forming TDS, he spent 35 years at Swire Properties in Hong Kong, the last 20 years as CEO and Chairman. Projects developed during his tenure were Pacific Place, Festival Walk, the Taikoo Place campus comprising 13 office buildings culminating in the 150,000 m² One Island East as well as a wide range of residential projects. Projects initiated in Mainland China during his tenure include the Taikoo Hui mixed use development in Guangzhou, The Village at SanLiTun in Beijing (incorporating The Opposite House hotel), Indigo in the Jiang Tai area of Beijing and the prime mixed-use joint venture project with Hong Kong Resorts, Da Zhong Li, in the Puxi district of Shanghai.
He is President of the Real Estate Developers Association of Hong Kong and Non-Executive Chairman of Grosvenor Asia Pacific.
Alex Leung, Partner & Head of Projects
Alex is a partner of TDS and currently heads the project team and oversees the design and planning, project management and construction of all projects. He is involved in sales and marketing and participates in development and investment activities such as deal sourcing and the evaluation of potential projects.
He has experienced a wide diversity of roles since joining TDS in 2010 varying from site assembly and redevelopment, through the master planning of residential and commercial properties, to the evaluation of real estate company portfolios and the formulation of long-term development strategies of companies such as Hysan Development and The Kadoorie Estates. He has recently completed the redevelopment of 28 Aberdeen St. and is currently overseeing other development projects.
Alex holds an undergraduate degree in Biomedical Engineering and a Masters in International Healthcare Management from Imperial College, London.
Arthur Cheng, Head of Finance
Arthur oversees financial matters including debt financing, loan facilities, financial reporting and legal activities. He is actively involved in investor relations and participates in project evaluation and feasibility studies.
Previously, he worked for Microsoft where he oversaw finance monetisation and yield management for China, Taiwan and Hong Kong. He also worked in finance for Hutchison Global Communications and prior to this, in M&A advisory for KPMG Corporate Finance.
Arthur holds an MBA from Imperial College London as well as a Masters in Decision Sciences and Bachelors in Mechanical Engineering from London School of Economics and University College London respectively.
Winson Cheng, Senior Development Manager
Winson oversees development and investment activities and is responsible for deal sourcing, deal structuring, with shared responsibilities for sales and marketing. He joined TDS in 2014, and has helped build the foundation for market analysis, due diligence and formulation of investment proposals.
Prior to joining TDS, Winson worked at Knight Frank focusing on property valuation, negotiation and arbitration. His competencies were well recognized with the Young Talent Award.
Winson holds a Bachelor of Science in Surveying from The University of Hong Kong and is a professional member of The Royal Institution of Chartered Surveyors.
Kenneth Mui, Assistant Development Manager
Kenneth joined TDS in 2017. He is tasked with market analysis, deal sourcing, assessing potential development projects and forming investment proposals together with a shared responsibility for sales and marketing.
Prior to joining TDS, he worked at Cushman & Wakefield focusing on property valuation in Hong Kong.
Kenneth holds a Bachelor degree in Economics from Macquarie University in Australia and a Master degree in Real Estate from The University College of Estate Management in the UK.
Jerry Fung, Senior Architect
Jerry oversees the design and planning, technical coordination, project administration and management of all projects with shared responsibilities in site evaluation, master planning, feasibility studies and marketing.
He practiced as a design architect in Wong & Ouyang for 7 years shortly after graduating with Distinction from The University of Hong Kong in Master of Architecture. He is proficient in architectural design and spatial planning of office towers, shopping malls, residential and institutional buildings.
He was the lead designer for 28 Aberdeen St. and was involved in the design of One and Two Taikoo Place. He has accumulated on site experience throughout these projects.
Mickey Ho, Project Manager
Mickey joined TDS in 2015. She is responsible for project management, cost control and construction quality control for all development projects.
She has acquired deep industry knowledge and connection while working as a Graduate Trainee and Senior Project Coordinator at Henderson Land and Chinese Estates respectively. She was involved in numerous residential developments and shopping mall renovations during that period. She has recently completed the residential development, 28 Aberdeen St. and is working on other development projects.
Mickey holds a Bachelor degree in Building Engineering from the City University of Hong Kong.
Stephan Spurr, non-Executive Director
Stephan joined The Development Studio in 2010 with responsibility for the asset management side of the business. After a full-time role for 5 years, he moved to the position of non-Executive Director in 2015.
Born in Asia (Tokyo) he has worked in the Asia Pacific region for the past 35 years, principally for Swire Properties Ltd. where he was Board Director and General Manager responsible for Island East (the 10 million square feet investment property portfolio comprising Taikoo Place, Cityplaza and Taikoo Shing). His experience has covered every aspect of the real estate industry with a particular focus on strategic marketing, retail and office leasing, as well as asset management in Hong Kong and the PRC. Most recently, he oversaw the marketing, pre-leasing and establishment of Taikoo Hui, Swire’s flagship mixed commercial development in Guangzhou.