Queen's Terrace is a high-rise development located on 1 Queen Street, Sheung Wan. It is only a 4-min walk from the Sai Ying Pun MTR Station Exit A2. Queen's Terrace is a government redevelopment project. The development is jointly developed by the Urban Renewal Authority, New World Development, and CK Asset Holdings. It consists of three towers: Towers 1, 2, and 3. Tower 1 was built in 2003 and is 55-storeys high with 8 to 10 units per floor. Tower 2 was built in 2003 is 47-storeys high with 10 units per floor. Tower 3 was built in 2002 is 46-storeys high with 6 to 8 units per floor. Queen's Terrace's apartment sizes range from 322 to 670 sq.ft. (saleable).