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Old May 7th, 2016, 06:23 AM   #2041
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HK$1.75b rebuild project delayed
7 May 2016
South China Morning Post Excerpt





New development near site of 2010 tragedy in To Kwa Wan won't be finished until 2025

A plan to redevelop dilapidated flats near the site of a deadly 2010 building collapse has beendelayed by a year, but the number of new flats will double.

Announcing the change of plans for Chun Tin Street, To Kwa Wan, yesterday, the Urban Renewal Authority said it had enlarged the targeted area by including an existing street in the original plan. This would push the completion date back a year to 2025 at the earliest.

But the number of homes on offer would double to 310 flats.

In 2010, Block J at 45 Ma Tau Wai Road collapsed.

Four people died when the dilapidated building caved in during building work to demolish an illegal structure on the ground floor.

The tragedy sparked calls for the government to address urban decay in the city.

In January last year, the authority revealed it wanted to raze 14 connected low-rise buildings on Chun Tin Street and nearby Hok Yuen Street.

The new plan must be approved by the Town Planning Board.

Michael Ma, the authority's director of planning and design, denied the original plan was bad.

"It has nothing to do with poor planning," Ma said.

The aim of the revisions to the plan, integrating ongoing work at nearby Ma Tau Wai Road, was to improve road access and make it better for pedestrians, he said.

"The inclusion of the adjoining street requires rezoning which has to go through the town planning process," he added.

Ma said the 310 flats to be built would not be luxury units but small and medium-sized.

The construction project would affect 85 households and 15 shop operators, and the authority estimated it would cost HK$1.75 billion.

The authority planned to buy those flats at market rate.
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Old May 10th, 2016, 03:59 PM   #2042
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Floating gas plant cheaper and greener, says CLP chief
6 May 2016
South China Morning Post Excerpt




中電工程項目簡介/資料圖片

Power supplier says the plant will provide direct access to overseas natural gas and have less effect on environment than 2008 proposed onshore plan

CLP Holdings' proposed floating gas processing plant off Lantau - its second proposal in 10 years to import liquefied natural gas (LNG) - will cost less and result in "much less" environmental impact than a US$10 billion onshore plant rejected by the government in 2008, chief executive, Richard Lancaster, said yesterday.

Speaking after the annual shareholders' meeting of the sole power supplier for Kowloon, the New Territories and Lantau Island, Lancaster said the plant would give CLP direct access to overseas natural gas, which was cleaner-burning than coal.We think this is a very good solution for Hong KongRichard Lancaster, CLP

"The floating liquefied natural gas terminal has much less environmental impact, [costs] much less, and will not need to take up land ... we think this is a very good solution for Hong Kong," he said, adding the technology was mature, with more than 20 floating plants in operation worldwide.

CLP Power Hong Kong vice-chairman Betty Yuen So Siu-mai said the project might bring consumers savings on fuel costs - the biggest source of power generation costs - given current depressed oil and gas prices.

Planning for the proposed plant was at an early stage, and CLP had yet to conduct an environmental impact assessment, Lancaster said.

Diversifying its gas sources is part of CLP's strategy to reduce supply risk and enhance its bargaining position with suppliers.

A temporary gas supply suspension caused by a landslide in Shenzhen last year has highlighted the need for such a move.

The offshore plant for regasifying imported LNG will occupy less than a hectare of sea area, a much smaller footprint than the previously proposed onshore plant.

CLP aims to start building a 600 megawatt gas-fired power generator in Tuen Mun later this year for commissioning in 2020 and help meet more stringent emissions requirements.

Asked if the plant's construction would result in higher tariffs since CLP's regulated profit was linked to the size of its assets, Lancaster said the impact would be "very minimal" as costs would be amortised over a long time, adding its greater operating efficiency would bring lower fuel costs in the long run.

The government wants half of Hong Kong's electricity to be generated from natural gas by the end of 2020, while CLP aims to cut the carbon emission intensity of its power plants by 75 per cent by 2050, meaning it has a long-term need to procure more natural gas.

Last year, it almost doubled the amount of natural gas used to generate power. While gas is more expensive than coal, the pressure on its fuel bill was offset by sharply lower coal costs.
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Old May 12th, 2016, 07:53 PM   #2043
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Border shopping mall will be delayed until Christmas
17 April 2015
South China Morning Post Excerpt

Proponent admits he was ‘naive’ to believe centre would be finished by National Day holiday

A proposed shopping centre intended to lure mainland visitors as soon as they enter Hong Kong is unlikely to be ready in time for the National Day holiday in October, and may be delayed until at least Christmas.

The lawmaker behind the plan said the delay was due to unexpected complications.

The centre – to be located near the Lok Ma Chau border crossing – was proposed in February amid rising tensions over an influx of shoppers and traders from the mainland that sparked unruly protests. Government officials welcomed it as a way to relieve New Territories towns overrun by mainland shoppers.

Import and export sector lawmaker Wong Ting-kwong yesterday admitted he was “too simple and naive” in believing the planned 420,000 sq ft outdoor centre would be easy to complete and open by October.

The Town Planning Board would not be able to approve the plan until the end of July at the earliest as more time was needed to research transport arrangements and the mall’s impact on noise pollution, Wong said.

“We can only kick it off during the Christmas holiday if not the new year,” Wong, of the Democratic Alliance for the Betterment and Progress of Hong Kong, said. “I had hoped it would be opened earlier … but after all, the project is not aimed at gaining money but to relieve tensions in society.”

The Town Planning Board has zoned the site only for “service station” use. This designation allows only limited uses including as a public transport terminus or a library. Using the site for markets, shops and services would require approval from the board.

Concerns over cost have also forced Wong’s team into a rethink. They had planned to use hundreds of shipping containers to build the shopping mecca, but realised air conditioning costs would be four times as high as for a regular indoor shopping centre, and extra insulation against the summer heat would be needed.

Instead, prefabricated structures will be used. Half of the site will be used for local-brand products, Wong said, while 30 per cent would go on “popular” products such as baby milk formula.

Pop-up Hong Kong mall near border with mainland China could open in August
Lawmaker Wong Ting-kwong says construction work at New Territories site could be completed in late July
11 May 2016
South China Morning Post Excerpt

A proposed pop-up shopping centre near the border could open in August now that the project has been approved by the Buildings Department.

Import and export sector lawmaker Wong Ting-kwong told the Post that construction work at the site in San Tin, New Territories is up and running and could be completed in late July.

The mall was meant to draw mainland visitors, but as local retail figures have been declining, Wong hopes that it will attract local shoppers too.

“I wouldn’t do it if I could not figure out a solution,” Wong said. “The rent will be really cheap, just HK$67 to HK$100 per square foot, which is a tenth of what it costs downtown.”

A bus company will run 50 cross-border round trips a day from a major train station in Futian, Shenzhen to the shopping centre, he added, while Hong Kong residents will be able to reach the mall via public buses or minibuses.

The proposed complex, which would run for at least two years, is expected to feature 208 stores selling goods ranging from electronic appliances to apparel. Wong anticipates some 9,000 to 10,000 daily visitors on weekdays and 12,000 on weekends.

The mall had been touted as a way to relieve pressure on the northern New Territories, which in recent years had been facing a massive influx of mainland shoppers and traders buying goods for resale across the border.
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Old May 16th, 2016, 05:49 PM   #2044
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Historic Hong Kong temple to get youth hostel built next door despite strong public opposition
Planning authority unswayed by over 200 submissions against proposal
14 May 2016
South China Morning Post Excerpt

The Town Planning Board has given the green light to a proposal to erect a 21-storey youth hostel next to a historic Hong Kong temple, despite overwhelming public opposition.

Concern is centring upon whether construction of a high-rise building would put 169-year-old Man Mo Temple at risk, while the health of future residents could also be endangered by breathing in smoke from burning incense.

Vetting the proposal on Friday, board member Liu Tik-sang asked if there were plans to enhance community engagement once the development was completed.

A representative for Tung Wah Group of Hospitals, which is championing the proposal, replied that a 280-square-metre “heritage bazaar” on the ground floor would be open to the public during the day and that exhibitions would be held to educate the public about the neighbourhood’s history as well as that of the temple. Management of the temple has been entrusted to Tung Wah since 1908.

The charity organisation submitted its application in September last year. It seeks to demolish a six-storey primary school left vacant since 2005 and build a 70-metre tower for 302 occupants.

When asked if the current premises could instead be refurbished, the representative said that would mean cutting the number of spaces for beds by two-thirds.

A town planning consultancy commissioned by Tung Wah claimed there would be no adverse visual impact on the surrounding area, as the proposed hostel block would be lower than nearby residential developments.

But Katty Law Ngar-ling, convenor of the Central and Western Concern Group, strongly disagreed. She said the lack of a low-rise buffer meant the temple would stand in the shadow of the 21-storey hostel.

A discussion paper suggested the two structures be only 3.1 metres apart when the project was done.
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Old May 21st, 2016, 06:19 PM   #2045
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Yuccie Square
5/15









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Old May 23rd, 2016, 09:40 PM   #2046
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South China Morning Post Excerpt
Greater Pearl River Delta infrastructure to alleviate Hong Kong tight land supply
May 23, 2016

A number of key cross-broder infrastructure projects currently under development will cut the travel time between Hong Kong and neighbouring cities like Shenzhen and Guangzhou, enhancing the feasibility of corporations expansion their back office operations in these major Pearl River Delta cities, says CBRE.

The completion of these infrastructure projects in Greater Pearl River Delta will shorten the travel time by half to one hour, or creating various “one-hour commuting circles” where increase the flow of capital, people, goods and services, it said.

“Hong Kong has traditionally been a leading offshore investment hub for the mainland,” said Marcos Chan, head of research at CBRE Hong Kong, Southern China and Taiwan.

“However, with Shanghai emerging as another key financial centre for China, Hong Kong will need to continue its integration with the mainland and reinforce its influence in the emerging megalopolis. New infrastructure development will be critical in this process of integration.”

In its report “Greater Pearl River Delta Infrastructure Outlook” report, CBRE said the land supply in Hong Kong is under challenge, which my inhibit the real estate industry development and subsequently its overall economy.The Hong Kong government has implemented a number of large-scale cross-border infrastructure projects, which include the Guangzhou-Shenzhen-Hong Kong Express Rail Link, the Hong Kong-Zhuhai-Macau Bridge and the Liantang/Heung Yuen Wai Boundary Control Point.

These key projects, together with a number of intra-city highway, railway and logistics facilities projects, will provide additional space to alleviate Hong Kong’s tight land supply.

Chan, however, said the integration would unlikely to pose threat to Hong Kong office demand and rents.

Currently, overall average office rents in Hong Kong were HK$64 per square foot, compared Shenzhen HK$20 plus per square foot and HK$18 per square foot in Guangzhou, he said.

“In a city where space availability is limited and backed by growing demand from Chinese enterprises, Hong Kong remains as a key market for making office investment,” he said.

The development of new local and cross-border infrastructure would benefit the city’s existing and future core business districts.

In particularly, the Guangzhou-Shenzhen-Hong Kong Express Rail Link would provide a convenient and fast means of transport between Hong Kong’s West Kowloon and Guangzhou via Shenzhen, prompting stronger demand for office space in and around West Kowloon, according to the report.

While the current focus of commercial development is on Kowloon East, planned road infrastructure connecting the East and West of Kowloon would ensure commuting between the two ends of the peninsula would be kept to within five to 10 minutes.
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Old May 25th, 2016, 07:28 PM   #2047
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IMG_7222 by KaguraYanki, on Flickr
One Bay East
By gabrieltsui1928 from dcfever :

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Old June 2nd, 2016, 02:32 PM   #2048
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The Standard Excerpt
Panel gives nod to $945m plan for niches
June 2, 2016



The Legislative Council's public works subcommittee yesterday approved a HK$945 million plan to build a six-story, 44,000-niche columbarium at Wo Hop Shek Cemetery in Fan Ling.

In addition to the niches, there will be communal incense holders on four floors with the second and third floors set aside for incense-free niches.

There will also be communal eco-friendly joss paper burning facilities on the first floor of each columbarium block with exhaust air treatment facilities.

Other supporting facilities include computer kiosks to facilitate the search for niche locations.

Lawmakers supported the plan but questioned if the new columbarium could meet the growing demand for niches.

The Civic Party's Kwok Ka-ki urged that the provision of niches be maximized, for example by adding more stories to the block.

Kwok also suggested implementing crowd control measures such as limiting the time of paying tribute to prevent overcrowding.

Undersecretary for Food and Health Sophia Chan Siu-chee said the government planned to develop the site in three phases, hoping to provide 35,000 and 25,000 more niches in the second and third phases.
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Old June 4th, 2016, 04:44 AM   #2049
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URA announces ambitious HK$10 billion renewal plan for To Kwa Wan
Project involves three sites in district and aims to supply 1,360 new flats by 2025/26
June 3, 2016
South China Morning Post Excerpt









The Urban Renewal Authority will for the first time knock down dilapidated buildings at three sites in the old Hong Kong district of To Kwa Wan, departing from its previous practice of selecting one site at a time for redevelopment in a “community-based” approach.

However, the authority is expected to lose money from the redevelopment. Announcing its HK$10 billion renewal plan on Friday, it said the project would supply 1,360 new flats by 2025/26, improve traffic circulation in the area and make room for small shops.

Covering 8,840 square metres, the development is estimated to affect 730 property interests, 1,210 households and 110 ground-floor shops. Subject to the approval of the Town Planning Board for one of the three sites, there will be a new road, an underground communal car park and 12,250 square metres of commercial space.

Michael Ma, the authority’s director of planning and design, said the ambitious decision to combine three nearby projects into one and plan “holistically” was a response to past criticism that the authority’s redevelopment strategy wiped out small shops.

“The three sites are relatively small,” Ma said. “The reason for putting the sites together is to provide synergy.”

He said having a communal car park at one site means spaces at other sites could be saved for the opening of small shops.

To Kwa Wan, a district with many dilapidated apartments over 50 years old, with no elevators and home to many subdivided units, is no stranger to renewal schemes. There are already four sites nearby undergoing redevelopment led by the authority.

Outgoing managing director Daniel Lam Chun said the authority is expected to lose HK$4.2 billion from the redevelopment after adding the cost of another renewal project at nearby Bailey Street.
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Old June 12th, 2016, 11:55 AM   #2050
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Shatin - Central Line works @ Wong Tai Sin
5/22













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Old June 16th, 2016, 05:13 AM   #2051
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Sun Hung Kai Properties offering loans worth 120pc of flat value to boost sales of Yuen Long project
South China Morning Post Excerpt
June 15, 2016

More photos from their showflat : http://hk.apple.nextmedia.com/realti...60613/55221371

Sun Hung Kai Properties (SHKP) surprised the market on Wednesday by offering an unprecedented home loan worth as much as 120 per cent of the flat value without the need to submit income proof in order to woo buyers for its new project in Yuen Long.

Buyers of SHKP’s Park Yoho Venezia who opt for the “King’s Key 120” scheme will receive a three-year financing loan up to 120 per cent of the flat’s value, much higher than the standard bank mortgage ceiling of 60 per cent for flats below HK$10 million, and 50 per cent for those more than HK$10 million.

The offer only applies to buyers who already own an apartment with value no less than 70 per cent of the would-be purchase price of the Park Yoho Venezia flat. The loans would be provided by SHKP’s finance company which is not subject to regulatory supervision by the Hong Kong Monetary Authority (HKMA). Buyers are only required to pay interest in the first year but must begin repaying interest and principal from the second year.

“Developers are basically lending money to buyers to purchase their units. It is an obvious sign that developers want to speed up sales. If they do not act fast now, they may have to sell at a price lower than today,” said Nicole Wong, CLSA regional head of property research.
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Old June 16th, 2016, 05:53 AM   #2052
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Tseung Kwan O , 06/06 :
Tseung Kwan O by Enzo Cham, sur Flickr
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Old June 18th, 2016, 10:05 AM   #2053
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^ These are the many plots in front of TKO station leading up to the reclaimed waterfront?
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Old June 18th, 2016, 10:16 AM   #2054
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That is a collage of various existing and new buildings in TKO, not an actual photo per se.
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Old June 22nd, 2016, 03:36 PM   #2055
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Property prices soar in recently gentrified Tai Kok Tsui in Kowloon West, and more homes are on the way
Once known for its old industrial and residential buildings, the area has undergone considerable renewal and is attracting buyers in search of sea views and outstanding connectivity
June 10, 2016
South China Morning Post Excerpt


Long Beach

All eyes are on Tai Kok Tsui – an area undergoing extensive regeneration since last year.

Once an area housing industrial and residential buildings, Tai Kok Tsui has recently undergone rapid gentrification, and home prices have shown significant growth over the past five years. Home prices soared to about HK$6,000 per square foot last year from about HK$3,000 in 2012, according to Land Registry figures.

Built around Olympic station is a cluster of interconnected residential complexes, including The Long Beach development, which was completed by Hang Lung Properties in 2005.

In April, Hang Lung put on the market the units it had kept unsold at The Long Beach since it was built. As of early June, more than 220 units had been sold, generating over HK$2.3 billion for the developer.

The average unit price was about HK$15,047 per square foot, slightly above the figures asked for by individual home sellers within the same development.

“The favourable market response clearly indicates that Kowloon West is a lure for homebuyers looking for an urban location with beautiful sea views and outstanding connectivity,” says Will Lui, a sales manager at Hang Lung Properties.

According to Lui, about 90 per cent of the buyers were locals, while the rest were from mainland China and other nationalities.

“Most [buyers] are working professionals seeking convenience and transport accessibility. And, unlike first-time buyers, they don’t quite need a second mortgage to cover part of their down payment.”

Janny Chan, a senior district sales director at Midland Realty, adds that some of the buyers at The Long Beach are locals who have been waiting for the right opportunity to acquire their own home. “At least 10 per cent of the deals for The Long Beach units we handled were closed by tenants living nearby,” she says.

Last October, Henderson Land Development put another project, Eltanin Square Mile, for sale. So far, about 85 per cent of the units, with most of them measuring less than 300 sq ft, have been sold at an average price of about HK$18,600 per square foot.

Henderson says it will likely launch another Tai Kok Tsui project under the Eltanin brand, located at Ka Shin Street, for sale as early as next year, depending on the progress of the construction.
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Old June 23rd, 2016, 05:41 PM   #2056
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Hong Kong housing market regains confidence but long term outlook remains cloudy
South China Morning Post Excerpt
June 21, 2016













Hong Kong’s housing market took a breather last week as home buying confidence was restored after the US deferred an interest rate hike, but industry experts believe the rebound could be short-lived based on market prospect in the coming months.

With the improvement in market sentiment, Sun Hung Kai Properties’ Park Yoho Venezia in Yuen Long has attracted close to 2,100 potential buyers since it opened for registration last Friday.

Three apartments at blue-chip housing estate Taikoo Shing in Quarry Bay were sold over the weekend, compared to two on the previous weekend. It raised the total number of transactions at the estate to 13 so far this month, up from 8 deals in May.

“We have seen more bookings for viewing flats in the secondary market over the weekend,” said Centaline Property Agency’s residential department managing director Louis Chan Wing-kit.

“Home seekers have quickened their purchase decisions after no rate hike in US last week,” he said.
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Old June 25th, 2016, 07:46 PM   #2057
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Residents’ worries continue as Hong Kong government says it won’t get involved in redevelopment plans
Tenants at Tai Hang Sai Estate could be affected by the landowner’s big building plan
March 30, 2016
South China Morning Post Excerpt

Tenants at a Shek Kip Mei housing estate who fear displacement by its redevelopment were on Wednesday pressing for details on resettlement options, as the government stressed that it would not help rehouse those affected.

Henderson announced last week it had applied to the Town Planning Board to redevelop Tai Hang Sai Estate in two phases, the first involving building 1,289 new flats by 2022. Another 3036 units will be built in the second.

Its chairman, Lee Shau-kee, is among seven directors of the Hong Kong Settlers Housing Corporation, a non-profit organisation which acquired the land at a discounted rate from the government in 1961 to build flats intended for rent by the city’s poor.

On Wednesday a spokesman for the corporation reiterated the intention of the redevelopment was to increase housing supply and to improve the living conditions of residents.

Stopping short of revealing the options being considered, the spokesman said they included letting affected residents continue renting their flats, whilst giving them priority to buy flats at a discount when the work is completed, and cash compensation.

He added the corporation would listen to views of residents.

But chairwoman of a residents’ concern group, Au Yeung Kit-chun, said none of the options reflected residents’ desire: for the government to take over the redevelopment and offer them public housing flats in the area while the work goes on.

Au Yeung has lived in the estate for more than 20 years and pays a monthly rent of HK$1,100.

The 58-year-old added that many estate tenants – many of whom are elderly – worried they would need to pay much more for another home in the city.
Green light for property tycoon-linked plan to redevelop Hong Kong’s only low-cost private housing estate
Henderson Land mogul Lee Shau-kee in spotlight as planning chiefs back change that could affect 1,300 households
South China Morning Post Excerpt
June 25, 2016

A plan to redevelop Hong Kong’s only privately-owned low-cost rental housing estate has been given a conditional green light by planning chiefs - despite controversial links to one of the city’s richest property developers.

Late on Friday, the Town Planning Board said the Hong Kong Settlers Housing Corporation can redevelop the Shek Kip Mei site on condition that it reaches a deal to rehouse 1,300 affected households in the Tai Hang Sai Estate.

One of Hong Kong’s richest men, Henderson Land chairman Lee Shau-kee, is a director of the corporation behind the redevelopment, a non-profit organisation that bought the land at a knock-down price from the government in 1961 to build flats for the city’s poor.

Henderson Land announced in March it had applied to the board to redevelop the 51-year-old estate in two phases, the first involving building 1,289 new flats by 2022. Another 3,636 units will be built in the second.

The conditionally approved plan includes development of flats, shops and services, and minor relaxation of plot ratio and building height restrictions.

“In arriving at the decision, the [board] recognised the need for redevelopment of [the estate] and considered the proposal acceptable from planning and technical aspects,” the announcement reads. “Nevertheless, the [board] is very concerned about the rehousing arrangement for the existing tenants... The [board] has requested the government not to execute the lease modification for the redevelopment proposal before the rehousing arrangement has been satisfactorily resolved.”

More : http://www.scmp.com/news/hong-kong/e...lop-hong-kongs
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Old June 26th, 2016, 06:06 PM   #2058
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Old June 27th, 2016, 03:40 PM   #2059
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14-30 King Wah Road, North Point
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Expected Gross Floor Area : 329,755 sq ft

By surewinlui from dcfever :

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Old June 30th, 2016, 09:34 PM   #2060
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Hong Kong's Tallest Building: Views from the International Commerce Centre

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The International Commerce Centre (ICC) is a 108-storey skyscraper standing at 484 metres in height. The Kohn Pedersen Fox-designed project is the most prominent component of the Union Square development, which is situated above Kowloon Station of Hong Kong's Mass Transit Railway. The tenth tallest building in the world contains a large shopping mall, class A office space, a five-star Ritz Carlton hotel, and a 360-degree observation deck called Sky100.

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