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Old November 26th, 2008, 06:13 PM   #1
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HONG KONG | Harbour One | 29 fl | Com

Emperor to boost size of proposed waterfront hotel
24 April 2008
Hong Kong Standard

Emperor International Holdings (0163) will step up the size of its proposed waterfront hotel development in Sai Ying Pun after acquiring an adjacent industrial building for HK$104 million, sources told Sing Tao Daily, sister publication of The Standard.

The property developer and investment company controlled by Albert Yeung Sau-shing recently purchased Tak Fu Industrial Building, on Des Voeux Road West, next to Mei King House, a residential building the group bought last year for HK$233 million.

Mei King House, which occupies a site of 10,000 square feet, had won approval in January for redevelopment into a 280-room hotel. With the new addition of some 2,044 sq ft, sources said Emperor will apply to the Town Planning Board for revision of its floor plans.

The group originally aimed to invest HK$600 million into the project. It is not immediately clear how much more it will pump in to enlarge the scope.

Emperor holds a hotel in Happy Valley that it wants to convert into a residential development, but the proposal has been rejected twice by the Buildings Department. The company is appealing the rejection.

Emperor shares fell 0.33 percent yesterday to close at HK$2.99.
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Old November 26th, 2008, 06:18 PM   #2
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Planning board gets tough against raising plot ratios
9 April 2008
South China Morning Post

Concerns that Hong Kong Island is becoming overdeveloped have prompted the Town Planning Board to be stricter about developers raising plot ratios by converting residential sites on Hong Kong Island into commercial uses.

The maximum development density of sites on the island is dictated by the Building Ordinance, which puts a ceiling on the gross floor area that may be developed on a residential site of 10 times the size of the site, or a "plot ratio".

Commercial sites have a plot ratio of 15 on the island, and for years many owners of residential sites have applied to develop commercial projects on the sites in order to benefit from the increased density.

But the Town Planning Board, which must approve applications to convert land use under Section 16 of the ordinance, has tightened the approval process over the past six months to a plot ratio of 12 because of fears that the island was becoming over-developed.

In the past, approvals were typically granted to developers to convert residential sites and develop hotel or office projects with a development plot ratio of 15. For example, Wang On Group obtained an approval to develop a 31-storey hotel on a residential site at Davis Street in Kennedy Town with a plot ratio of 15 in 2005.

But last year, Emperor International applied to redevelop May King House at Des Voeux Road West in Kennedy Town into a hotel with a plot ratio of 15 and the Town Planning Board rejected the application due to concerns over the high density. The developer finally won approval from the board after it decided to build a 34-storey hotel with a plot ratio of 12 at the end of last year.

In another case, an application by Culture Homes for the plot ratio on its Second Street hotel development in Sai Ying Pun to be raised to 15 was twice rejected by the board until it cut the application to a plot ratio of 12.

A town planner in the Planning Department said the government intended to avoid over-development.

"We always review our policy," she said. "They have a maximum plot ratio of 10 to develop a residential project. There's no reason for them to increase the plot ratio to 15 by converting the site for commercial use."

Alnwick Chan Chi-hing, an executive director at Knight Frank, was surprised to learn of the tougher approach taken by the planning board, since this appeared to be at odds with the government's policy of encouraging developers to build hotels.

The government recently put 10 hotel sites into the land application list to encourage developers to buy and build hotel projects.

Mr Chan said most of the hotels sites on the land application list were located in suburban areas, which failed to meet a market need for more centrally-located hotels. He expected the developers would shun the sites.

"The board's new policy will now limit the new supply of hotels, which is in conflict with government policy," he said.

But Kim Chan Kim-on, a vice-president of Hong Kong Institute of Planners, disputed concerns that hotel projects might lose their appeal to developers and he welcomed the move to prevent over-development of the core island area.
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Old July 7th, 2009, 11:06 AM   #3
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擴大酒店規模 呎價達4200元 英皇1.04億?購西環工廈
24 April 2008
星島日報

港鐵西區綫落實,令西環炙手可熱,英皇地產旗下西環德輔道西項目,發展擴大版圖,發展商剛以一億零四百萬元,購入毗鄰工業大廈,平均每方呎樓面地價高達四千二百多元,令地盤由原來一萬餘方呎,擴至逾一萬二千二百多方呎。

消息人士透露,英皇地產剛收購西環德輔道西四五四號德富工業大廈,作價一億零四百二十三萬元,該舊樓佔地二千零四十四方呎,毗鄰英皇早前以二億三千三百萬元收購的德輔道西四百五十四至四百五十六號西環美景大廈,令地盤由一萬零二百多方呎,擴至逾一萬二千二百多呎。

將重新入則

消息指出,英皇剛購入的舊樓佔地雖然只有二千多方呎,但由於物業擁有較多維港景,將會令日後重建的酒店海景角度較佳,該幢舊樓收購價每方呎樓面地價逾五千元,亦較美景大廈為高。現時所見,美景大廈地盤已平整,英皇早前於城規會上成功闖關,獲准興建酒店,總投資成本約六億元,現時,英皇在購入鄰地後,將會重新入則,擴大酒店規模。

當德富工業大廈合併毗鄰地皮發展酒店,地積比可達十二倍,可建樓面達二萬四千五百二十八方呎,以易手價計算,每方呎樓面地價四千二百四十元。

英皇去年透過旗下Eagle Lux Limited名義,出價收購德輔道西四百五十四至四百五十六號西環美景大廈,每戶住宅單位收購價約由一百二十萬至一百七十萬元不等,個別大面積單位收購價,則約三百八十萬至四百四十萬元,地鋪則獲以約七百二十萬至三千四百三十萬元收購。美景大廈地盤規劃為住宅甲類用途,建住宅可達九倍,可重建酒店地積比十二倍,以佔地萬呎計算及最新地積比十二倍計算,每方呎樓面地價僅二千元而已。

英皇駿景酒店申改住宅

英皇積極發展旗下物業,位於跑馬地宏德街的英皇駿景酒店,於去年十月和十二月兩度向建築事務監督(下稱監督)申請,將酒店發展成住宅,惟被撤回,英皇駿景認為監督在超過法定的三十日內拒絕有關申請,並不合理,早前入稟高院申請司法覆核,求推翻決定。

早前截標的西環干諾道西長嘉工業大廈標售,據悉,英皇對該項目亦有興趣,不過,項目尚在洽購,長嘉工業大廈小業主開會,並就價格與有份投標的發展商作出商討,現時尚未有定案。

據消息人士指出,於投標的五家發展商,出價雖然逾十億元,以該廈可重建達二十七萬四千方呎,每方呎樓面地價逾三千六百五十元,與業主意向有距離。
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Old September 16th, 2009, 05:12 AM   #4
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建酒店成風 6項目周五審議
503 words
29 July 2008
香港經濟日報

發展商申請興建3至4星級酒店的個案不斷增加,本周五城規會將審議。

6項中價酒店的申請,其中包括新地(00016)及恆隆地產(00101)就沙田神召會神學院現址改作酒店發展,但發展商在開會前要求延遲審議。

沙田神召會項目延審議

本周五將於城規會審議的6個申請興建酒店項目,當中以沙田神召會神學院現址個案最矚目。

發展商申請該地由「休憩用地」,改劃為「其他指定用途(休憩用地暨歷史建築及酒店發展)」地帶,擬重建2幢15層高中價酒店,提供391個房間。

但發展商現要求延遲審議,相信希望提交補充資料,以增加成功闖關的機會。

該申請早前共接獲多份反對意見,包括港鐵(00066)提出反對意見,指有關發展會對景觀造成阻礙,同時該地若興建多層酒店發展,將會剝削提供公眾休憩空間,因此,建議該地維持作「休憩用地」用途。

英皇堅城項目 爭取建酒店

另外,英皇(00163)位於堅尼地城德輔道西454A至462A號及長庚里3號美景大廈,雖然已獲批出建築圖則,可建1幢36層高住宅連會所,但發展商仍積極爭取興建酒店,並連同比鄰德輔道西454號德富工廈,合併重建1幢34層高酒店。

comment : looks like it will be a 36-storey residential / 34-storey hotel

項目合併後地盤面積約1.18萬平方呎,地積比15倍,樓面面積約17.75萬平方呎,建築物高度106米,提供392個房間。

此外,裕泰興、大鴻輝、文化村及莊士機構,亦向城規會申請就旗下項目,作中價酒店發展。
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Old September 16th, 2009, 03:21 PM   #5
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Old June 16th, 2010, 06:14 PM   #6
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HONG KONG | Harbour One | 29 fl | U/C

Development Details
Website : http://www.harbourone.com.hk
458 Des Voeux Road West
Anticipated Completion : 31 December 2012
# Units : 103 for residential only
# Storeys : 29 (9/F to 42/F, omitting 13/F, 14/F, 24/F, 34/F while 7/F and 32/F are refuge floors)
Car Park : 1-6/F
Clubhouse : 8/F


Site photos - 6/13

















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Old June 23rd, 2010, 04:28 PM   #7
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Emperor launches project and reveals star buyers
3 May 2010
The Standard

Emperor International (0163) sold at least 48 homes - or 80 percent of the first 61 saleable units - at Harbour One yesterday as it launched the Sai Wan project, according to an agency.

In the evening, the developer released a new price list for eight other homes, averaging HK$18,312 per square foot.

Andrew Yu, an Emperor Group assistant property general manager revealed that an Emperor director and singers Joey Yung Cho-yee and Gillian Chung Yan-tung from sister company Emperor Entertainment Group (8078) all bought upper-floor homes.

Emperor International executive director Donald Cheung said details of the director's deal will be disclosed today, noting there is a discount of up to 2 percent for staff. Some 5,000 people visited the show flats in a four-hour period.

Hong Kong Property said secondary home sales nearby rose because of the launch. A homeowner at The Belcher's made a nominal gain of HK$7.9 million after selling a three-bedroom unit for HK$15.2 million, or HK$10,858 psf.

Elsewhere, developers abided by new official sales guidelines.

Sun Hung Kai Properties (0016) sold 16 homes at Aria in Kowloon Peak and 20 at Yoho Midtown in Yuen Long since Friday. Cheung Kong Holdings (0001) sold five homes at Festival City in Tai Wai over the weekend.

Centaline Property said secondary home transactions at 10 major residential projects were down 29 percent to 35 over the weekend.

With the guidelines, buyers appeared vigilant, the agency said.

Simon Tai from Hong Kong Property said a homeowner cut the asking price by HK$620,000 to sell a Harbour Green unit for HK$11.9 million, and still made a nominal gain of HK$3.2 million.

A home at Galaxia in Diamond Hill was sold after the price was cut by 4 percent to HK$3.92 million, said Centaline.
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Old July 28th, 2010, 12:23 PM   #8
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Right royal return for Emperor
30 June 2010
The Standard

Emperor International Holdings (0163) has returned to the black, posting a net profit of HK$2.79 billion for the year ended March 31 on the back of a property revaluation gain of HK$2.48 billion.

The firm suffered a net loss of HK$1.54 billion a year ago. A final dividend of four HK cents was declared.

Emperor International said rental income from investment properties remained its key income generator, with revenue amounting to HK$339.6 million, up 16 percent from a year ago.

The company's average rental increment will be 8 to 10 percent this year, said executive director Donald Cheung Ping-keung.

Cheung said Emperor International plans to start the pre-sale of The Java luxury project in North Point as early as next month.

Homes are expected to fetch at least HK$12,000 per square foot. About 52 percent of the flats in Harbour One in Sai Wan have been sold at an average price of HK$13,800 psf, reaping HK$960 million.

The remaining homes will be sold after the project is completed in 2012, Cheung added.


The company's subsidiary _ Emperor Entertainment Hotel (0296) _ recorded a net profit of HK$587.28 million for the same period, up 19 times from a year ago, thanks to valuation gains of HK$569 million in properties.

A final dividend of 4.8 HK cents was declared.

The hotel group said revenue growth this year should be more than 30 percent _ the same growth rate that the Macau government estimates for its gaming market this year.

Executive director Vanessa Fan Man-seung said she is satisfied with the company's hotel occupancy rate of 80.5 percent in the past financial year.
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Old September 18th, 2010, 09:55 PM   #9
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Sales slide sparks new flats supply
2 August 2010
The Standard

Primary home purchases over the weekend fell from the last few weeks due to a lack of new projects, but a rush of new flats will hit the market from Tuesday.

Sun Hung Kai Properties (0016) sold around 40 homes at Larvotto in Ap Lei Chau, 15 at Yoho Midtown in Yuen Long and two at The Latitude in San Po Kong over the weekend. Sino Land (0083) sold six units at The Hermitage in Tai Kok Tsui, according to realtors.

SHKP yesterday released three price lists for the Ap Lei Chau co-development, for 50 apartments.

The flats, with mountain views and sized at about 990 square feet, will go for an average of HK$12,495 per square foot on Wednesday at the earliest.

The entry threshold for the units will be HK$11.6 million, and HK$25.7 million for three special units measuring 1,425 to 1,686 sq ft, each with a flat roof. Sun Hung Kai Real Estate Agency director Victor Lui Ting noted SHKP and partners have reaped HK$10 billion from nearly 400 homes sold.

Sino Land (0083) will release 76 more homes at The Hermitage - including 35 studio flats - at an average HK$12,745 psf on Tuesday at the earliest. Sino and its partners have sold over 760 homes at the 964-unit project and reaped HK$9 billion, the firm said.

Meanwhile, Emperor International (0163) relaunched Harbour One in Sai Wan and started selling 23 homes on Saturday. There were three deals at Harbour One and sister project The Java in North Point over the weekend, agents said.

As for secondary homes, sales at 10 main projects stayed robust at 75 for the third weekend in a row, Midland Realty said. For the whole of July, there were 13.1 percent more deals to reach 1,208. Whampoa Garden saw a total of 120 deals in July, up 67 percent from June.

``Prices have risen to around HK$6,600 psf, from HK$6,350 psf,'' said Midland senior sales manager Lam Ko-wai.

Lam added supply is tight as around 15 percent of owners have temporarily pulled their homes off the market in the face of the auction for two sites in Hung Hom and Ho Man Tin on August 17.
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Old September 30th, 2010, 07:15 PM   #10
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TV Ad

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Old September 30th, 2010, 09:03 PM   #11
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nice!
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Old October 25th, 2010, 07:17 PM   #12
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10/24













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Old December 18th, 2010, 04:33 PM   #13
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Layouts :













Source : Centaline Property
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Old December 19th, 2010, 03:06 AM   #14
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the walls between the bedroom and the living room, and between the storage and dinning rooms are so freaking thick! that's probably a good 40SF~
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Old December 25th, 2010, 04:21 PM   #15
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^ and there are 2 balconies as well!
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Old March 6th, 2011, 05:03 PM   #16
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Emperor targets HK$3.2b property investment
10 February 2011
South China Morning Post

Emperor International Holdings plans to invest about HK$3.2 billion in its property business in Hong Kong this year, which will be used mainly for enlarging its land bank and retail spaces.

The developer's executive director Donald Cheung Ping-keung said yesterday the company would consider buying sites worth HK$2 billion or less that were sized 40,000 square feet or below.

"We seek to increase our land reserve," Cheung said. "We're interested in developing projects mainly in urban areas {hellip} and we will pay more attention to the government's land auctions and sites offered by the Urban Renewal Authority and MTR Corporation."

He said the developer might put on sale two residential projects this year. They include the boutique residential project at Shing On Street in Sai Wan Ho, which is scheduled to launch in the second quarter of this year. Referring to new flat prices in the area, Cheung said asking prices for the 108 units sized between 350 sq ft and 1,100 sq ft could be around HK$15,000 per sq ft.

The sales will help the company generate about HK$1 billion.

The other 24-storey development, at 398 Prince Edward Road West, is expected go on sale in the final quarter of this year, but will generate less than HK$500 million.

Andrew Yu Siu-yeung, Emperor Group's assistant general manager of property development and marketing, said the company pocketed HK$143 million after selling eight units at its Harbour One development in Sai Wan during the Lunar New Year. He said the apartments were sold at an average price of nearly HK$16,500 per sq ft.

One of them was a 1,729-square-foot unit on the 33rd floor sold on Tuesday together with a car park space for over HK$29.79 million.

Sixty-five out of 103 units at Harbour One have already been sold.


Emperor will spend another HK$500 million to expand its retail property business in Macau this year, Cheung said.

Optimistic that the casino industry would help boost the property market, he added that there was still room for growth in retail properties because prices of the prime retail spaces in Macau were still 20 per cent lower than those in Hong Kong.
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Old March 20th, 2011, 08:31 AM   #17
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19/3/2011

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Old April 6th, 2011, 06:31 PM   #18
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Old April 7th, 2011, 06:57 PM   #19
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Old April 9th, 2011, 04:34 PM   #20
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