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Old October 31st, 2017, 04:21 AM   #2201
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Hundreds of subsidised flats set to go on sale in Tseung Kwan O and Tuen Mun
More than 600 homes will be sold at 30 per cent below market rate
October 30, 2017
South China Morning Post Excerpt













on.cc reporting with file photos

The latest batch of 620 subsidised flats in Tseung Kwan O and Tuen Mun will be sold at 30 per cent below market price for between HK$1.92 million and HK$6.23 million, with sales starting on November 7.

The launch of the two projects by the Housing Society coincided with Chief Executive Carrie Lam Cheng Yuet Ngor’s plans to shift the government’s public housing policy from a rental model to one based on ownership, encouraging more public housing tenants to buy subsidised housing and release their rental flats to those who are waiting.

According to the society, a flat in Mount Verdant on Chui Ling Road, Tseung Kwan O, will be sold for between HK$2.19 million and HK$6.23 million, with an average of about HK$8,700 per square foot. The size of the 330 flats on offer ranges from 271 square feet to 684 square feet. They are expected to be completed by the first quarter of 2020 at the earliest.

Flats in Terrace Concerto in Ming Kam Road, Tuen Mun, have a price tag of HK$1.92 million to HK$4.78 million, with an average of about HK$7,000 per square foot. The 290 flats have sizes of 297 square feet to 662 square feet, expected to be completed by the end of 2019 at the earliest.

A total of 70 per cent of the flats have two bedrooms, 20 per cent have one bedroom and 10 per cent have three bedrooms. All homes are fitted with standard home appliances such as air conditioners, stoves and water heaters.

Similar to the Home Ownership Scheme by the Housing Authority, the two new subsidised flats will be sold at a discount on the market rate of about 30 per cent.

Half of all units will be allocated to green form applicants – current tenants of public housing – and the other half to white form applicants, residents not under public housing.

To be eligible, white form applicants must have a household income below HK$52,000 and assets worth below HK$1,700,000, for a family of two or above.
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Old October 31st, 2017, 10:44 AM   #2202
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Residents of Hong Kong’s Kennedy Town complain about surge of luxury flat building
A survey finds residents worry about the loss of a community spirit and local shops as well as affordability as new developments push home prices up
October 31, 2017
South China Morning Post Excerpt



Property prices in Hong Kong’s Kennedy Town district have been on the rise since the city’s MTR subway network was extended to the area at the end of 2014, but many residents are not happy with the rush of new luxury developments that have sprung up.

Expecting strong demand in the area after the improvement to transport links, a number of developers have built luxury high-rise buildings, including 63 Pokfulam by Kowloon Development, prices for which start at HK$6.4 million for a 200 sq ft unit, or HK$30,622 per square foot. This is 17 per cent higher than the price of flats at the Imperial Kennedy development when they were sold by Sun Hung Kai Properties in 2013.

Property prices in Kennedy Town have risen by 15 per cent in the last 12 months, according to Derek Lau, senior sales director at Centaline Property Agency, and he sees them rising a further 10 per cent in the coming year.

But a survey released by property company Grosvenor last week showed that existing residents felt the area suffered from a higher cost of living and a shortage of community and cultural facilities.

A focus group study with 30 residents and face-to-face surveys with a further 608 residents, conducted by Tim Jowett, Grosvenor’s director of investment strategy and analysis for Asia Pacific, found that the current pace of development was seen as unwelcome and disruptive to the environment and to affordability.

In particular, new high-rise luxury properties were seen by residents as undesirable because they brought in extra population, causing the cost of living to surge through increased rents and leading to the loss of affordable local shops. Others worried about peace and quiet and the sense of safety within the community.

In the survey, only 46 per cent of residents expressed satisfaction with the affordability of rents and property prices in the area, the lowest score of the 20 areas surveyed. They also pointed to a lack of places for the community to interact in informal settings, such as live music venues or art galleries, and expressed a desire to develop a specific neighbourhood identity and push back against what was considered homogenous or ‘soulless’.

“One factor that was appreciated in Kennedy Town, for example, was the lack of a major mall,” the report said.
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Old November 1st, 2017, 02:52 PM   #2203
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Boathouse set to be demolished
22 March 2015
South China Morning Post Excerpt

Stanley’s iconic Boathouse restaurant is set to be torn down and replaced with a boutique hotel in the latest planning decision to spark anger and dismay among locals.

Constructed in 1951 and listed as a grade III historical site, the three-storey landmark building is a popular draw for both residents and tourists and is a recommended attraction in a number of guidebooks.

Despite objections from residents, the Town Planning Board earlier this month approved a plan by site-owner Miramar Hotel and Investment, a subsidiary of Henderson Land Development, to demolish the restaurant and build a 10-storey hotel.

“It is the weirdest thing I have ever heard that has happened in Stanley,” said Michael Bentley, a businessman working in the property market. “Stanley is unique in Hong Kong. Building a hotel would not add any benefit.

“But it is Hong Kong. You have to roll with the punches.”

Residents of the town on the territory’s southern shore say the proposed hotel would detract from the character and ambiance of the area.

In a formal objection to the proposal, resident Brenda Lee urged the government to consider the historical value of the building.

“I truly believe that the building of a hotel will destroy the unique community. The Boathouse has always been a unique tourist attraction and is loved by locals,” she said.

According to the Town Planning Board, Hong Kong’s historical grading system is only administrative in nature and provides no legal protection for sites, such as the Boathouse.

The Miramar Group declined to comment on the hotel plan when reached by the Sunday Morning Post.

However, in an application for planning permission, the developers said “the stylish and modern façade of the proposed hotel development will enhance the cityscape of the area”.
Hong kong Stanley 0829 by Tomiuka y, on Flickr
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Old November 2nd, 2017, 02:26 PM   #2204
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MPF savings mulled for buying flats
The Standard Excerpt
2 Nov 2017

The Mandatory Provident Fund Schemes Authority is considering letting members use money in their accounts for first-time home purchases, said Secretary for Financial Services and the Treasury James Henry Lau.

He was replying to a suggestion from legislator Paul Tse Wai-chun, that the government should examine the possibility of allowing first-time homebuyers to use the accrued benefits in their MPF accounts to make downpayments.

This is the practice in some countries such as Singapore, which allows citizens to take some accrued benefits for property purchases, Lau said, and the MPFA is now looking into whether it should allow it here.

But he warned that it may reduce retirement protection for citizens - and it may not provide much help in purchasing property.

"The average balance in an MPF account is only HK$180,000 because the monthly installment is low, thus in a normal situation it won't help a lot in first-time homebuying," Lau said.
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Old November 3rd, 2017, 06:14 AM   #2205
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Old November 10th, 2017, 04:15 AM   #2206
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Hong Kong border shopping complex set to open in July – two years behind schedule
Pop-up centre aimed at easing anger against parallel traders will mainly target Hong Kong customers instead of mainland tourists amid decline in visitor arrivals
May 23, 2017
South China Morning Post Excerpt

A pop-up shopping complex near the border with Shenzhen is finally set to open in July after a two-year delay, mainly luring Hongkongers instead of mainland Chinese tourists as originally planned amid uncertainty about visitor arrivals.

Originally touted as a complex to draw mainland tourists away from North District, it is now targeting 45 per cent of patrons from Hong Kong, 30 per cent from the mainland and the rest tourists from other countries.

Some residents of Sheung Shui in North District were angry about the presence of mainland tourists and parallel traders in their town.

The change of tactics aside, another unresolved issue is the land lease. The plot, which houses the complex called The Boxes, has been leased to the mall owner by Sun Hung Kai Properties and Henderson Land Development only until September next year. But the mall wants interested tenants to sign contracts for two years, up to 2019.

“Initially, we were naive to think that it would be like putting up tents there as if organising a food festival at the harbourfront in Central. This was not the case,” said import and export sector lawmaker Wong Ting-kwong, the mastermind of the project.

“Many unforeseen issues have arisen ... For example, we had to build a power facility to generate electricity.”

Wong came up with the idea several years ago to capitalise on the massive influx of mainland shoppers and traders who bought baby formula and other goods in Hong Kong and sold them across the border for a profit.

Then in 2015, the mainland authorities announced that they would not allow Shenzhen permanent residents to make unlimited trips to Hong Kong any more, capping visits to once a week to deter parallel-goods traders.
Nov. 7, 2017
Hong Kong Economic Journal Excerpt
Border shopping mall finally gets permit to operate

The Housing Department said the long-awaited border mall in Lok Ma Chau, called The Boxes, has been issued a temporary occupation permit.

Legislator Wong Ting-kwong, the initiator of the project, said that if the trial is successful, The Boxes would be officially opened next year, hk01.com reports.

Wong said only about 70 percent of the shop spaces would be rented out compared with an earlier forecast of 86 percent.

The mall targets mainland tourists with its location close to the border.

With a space of 420,000 sq. ft., it has 213 shop spaces. The opening has been delayed for nearly two years.

The shopping mall had only been unveiled in May this year, with Wong saying it was ready to operate by July.

With the permit, the biggest hurdle has been cleared, Wong said, although the mall missed out on opportunities relating to the National Day holiday.
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Old November 10th, 2017, 10:26 AM   #2207
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Reclamation sites chosen due to 'lack of opposition'
The Standard Excerpt
10 Nov 2017

Five potential sites for reclamation were selected because there was "less opposition," said the vice chairman of the government's Task Force on Land Supply, Greg Wong Chak-yan.

Wong and chairman Stanley Wong Yuen-fai told the media after the task force meeting on Tuesday that the group endorsed near-shore reclamation in the five sites: Lung Kwu Tan, Siu Ho Wan, Sunny Bay, Ma Liu Shui and Tsing Yi Southwest.

These sites, in addition to the East Lantau Metropolis, will provide at least 1,400 hectares of land with little environmental impact although Chinese white dolphins are known to live there, Stanley Wong said on Tuesday.

Speaking on a radio program yesterday, Greg Wong said during the land supply task force meeting, no member raised any opposition to selection of these five sites.

"Many task force members believed reclamation is an effective method to secure land, but no member advised against reclamation," he said. "By agreeing we only mean we'll continue discussing this method, and when the advised information is ready the government should publicize it for public participation."

Wong also said the task force would decide whether to officially endorse the near-shore reclamation of the five sites next October.

He admitted that task force members only received documentation on reclamation five days before the meeting. He also admitted that some members knew little about reclamation.
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Old November 11th, 2017, 04:37 AM   #2208
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Hong Kong Economic Journal
November 4, 2017
Time for drastic review of housing policy



Chief Executive Carrie Lam Cheng Yuet-ngor sparked a firestorm of controversy with her remark during a media interview that when the stock of public rental housing (PRH) flats reaches 800,000, it would be sufficient to satisfy public demand.

Her comment immediately raised concern over whether the government is going to cap the number of PRH supply at 800,000 and whether it will push Hongkongers to buy flats.

Lam and relevant government officials rushed to clarify the statement, and Lam herself apologized for causing unnecessary anxiety among the public. But it appears Lam is already losing her grip even before she officially launches the housing initiatives laid down in her policy address such as regularizing the Green Form Subsidised Home Ownership Pilot Scheme.

Perhaps Lam’s little slip of the tongue may present the government with a good opportunity to drastically review its housing policy.

Despite the fact that housing is at the core of our current social problem, the truth is, our government has been actually spending less money on public housing than on education, social welfare, public healthcare and infrastructure. In other words, public housing has not been given priority when it comes to public expenditure.

As far as demand for public housing is concerned, according to government figures, there are currently about one million impoverished people in Hong Kong. That means, in a worst-case scenario, the government may need to provide a million PRH units for them.

But according to the latest Long-Term Housing Strategy announced by the administration, Hong Kong can at best churn out 28,000 new homes every year, including PRH units.

Even if half of these new homes are designated for PRH, it would take 35 years for the government to pull off one million new rental homes for low-income families.

It’s time for the government to go for a more realistic and viable option in boosting our home supply, such as enhancing the Starter Homes scheme exclusively available to local first-time homebuyers, under which the administration should seek public-private partnerships and tap into the vast land reserves of private developers in building these new homes.

To maximize cost-effectiveness, the government can consider slightly raising the plot ratio of these vacant land lots, and in return private developers have to use half of the extra land area to build homes for public rental housing.
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Old November 12th, 2017, 10:12 AM   #2209
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Price of waterfront land in Hong Kong’s Cheung Sha Wan could reach record as 11 firms bid
After the price of an adjacent plot beats expectations, some analysts see the possibility of a fresh high in a city already among the world’s costliest to buy a home
November 10, 2017
South China Morning Post Excerpt


on.cc

A total of 11 Hong Kong and mainland Chinese developers have submitted bids for waterfront housing land in Hong Kong’s Cheung Sha Wan area, according to the city’s Lands Department, looking to buy a site analysts said had the potential to become the most expensive residential land in the city.

Sun Hung Kai Properties, New World Development, Kerry Properties, Chinachem Group, Henderson Land Development and CK Assets Holding submitted separate bids for the site when the tender closed at noon on Friday, while China Overseas, Logan Property and Shimao Properties were among the mainland Chinese players joining the fray.

The value of the land has the potential to break the record set by a waterfront housing site on Lee Nam Road in the southern area of Ap Lei Chau, according to Chan Ka-ho, assistant manager of Chinachem Group’s treasury department. That site sold for HK$16.86 billion (US$2.16 billion) in February to a joint venture between Logan Property and fellow mainland Chinese developer KWG Property.

“Located near the Nam Cheong MTR station, the [Cheung Sha Wan] land is a rare plot and is already set to be the most expensive waterfront housing land this quarter,” said Alvin Lam, director of Midland Surveyors. He noted that the tender value of an adjacent plot of land earmarked for a hotel development had been sold to Sun Hung Kai for HK$5 billion last month, higher than market estimates.

The estimated potential housing supply of the site is more than 1,200 units, with a total gross floor area of 986,789 square feet. The winning developer would have to allocate more than 38,000 square feet for public space on ground level and build a waterfront promenade for the government under the terms of the sale.
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Old November 13th, 2017, 01:35 PM   #2210
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Nov 13, 2017
Hong Kong Economic Journal Excerpt
Govt sets sights on revitalizing waterways

The government is planning to revitalize Hong Kong’s concrete waterways, including the Tai Wai Nullah, Tuen Mun River, and the Fo Tan Nullah in Sha Tin.

These rivers have the greatest potential for greening and landscape work, biodiversity improvements and activities such as watersports, hk01.com reports, citing Edwin Tong Ka-hung, chief of the Drainage Services Department (DSD).

The DSD commissioned a consultant company in 2015 to help provide guidelines and assess the feasibility of the plan.

Tong said the consultant made a detailed record of 228 main rivers and waterways and shortlisted them to 45 potential locations.

In the end, five rivers were picked to pilot the revitalization program, with the Tai Wai Nullah, Tuen Mun River and the Fo Tan Nullah among the first to be selected.

The Tai Wai Nullah will be made greener and turned into a fish-friendly environment.

Tuen Mun River will be transformed into a suitable area for swimming and water sports given the width and depth of the water.

Many dragon boat racing fans support the idea, with one enthusiast, surnamed Lau, saying the plan will improve the water quality of the river.
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Old November 15th, 2017, 04:02 PM   #2211
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Sino Land-led group pays HK$17.2b for Kowloon residential plot
Nov 15, 2017
The Standard Excerpt

Developer Sino Land (0083), headed by tycoon Robert Ng Chee-siong, (pictured), led a consortium that splashed out HK$17.28 billion for a Kowloon residential site.

The waterfront site off Hing Wah Street West in Cheung Sha Wan, provides an area of about 19,348 square meters and is designated for private residential purposes, the Lands Department announced today.

The minimum gross floor area and the maximum gross floor area are 55,062 sq m and 91,770 sq m respectively.

Sino Land unit, Sky Asia Properties, bid for the site with Shimao Property Holdings, Wheelock Properties, K Wah International Holdings. and S E A Holdings.
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Old November 16th, 2017, 04:07 PM   #2212
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Nov 16, 2017
Hong Kong Economic Journal Excerpt
Does Sino Land record purchase signal home market peak?

It is said that the local residential property market would not peak without Sino Land bidding up government land.

This is a myth, of course, or is it?

On Wednesday the real estate giant chaired by Singaporean Robert Ng Chee Siong led a consortium that won a waterfront site in Cheung Sha Wan by bidding HK$17.28 billion, making it the most expensive residential plot in Hong Kong.

The price dwarfed a record set by mainland property firms Logan Property and KWG Property, which won another waterfront site in Ap Liu Chau for HK$16.8 billion in February.

Sino Land also set the record for the most expensive land over a 20-year period when it won a tender in Siu Sai Wan for HK$11.8 billion in 1997.

It marked the highest degree of confidence in Hong Kong’s real estate market, although Ng’s group didn’t make a profit on the project.

That’s because local property prices were soon halved by the Asian financial crisis. Had it not been for the government’s decision to relax the plot ratio for Island Resort to enable the group to build a 60-storey building on the site, Sino Land would have lost money in the project.

I remember this episode very well because I lived there for nine years.

And so it’s time again for the blue-chip property firm known for its aggressiveness in land auctions to show its abiding confidence in the property market by taking the West Kowloon site with a market-beating price.

The consortium by Sino Land, Shimao Property Holdings, Wheelock Properties, K Wah International and SEA Holdings beat 10 other developers to secure the plot, which has a total gross floor area of 986,789 square feet.

At the price of HK$17,500 psf, the developers are paying the prevailing market price for the plot that could potentially supply more than 1,200 housing units for over HK$30,000 psf – if they were to make a handsome profit.
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Old November 17th, 2017, 07:34 PM   #2213
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A home above a container terminal? Hong Kong public consultation to start on land supply options
Government task force says it is open to ideas but lacks sufficient information to determine feasibility
November 16, 2017
South China Morning Post Excerpt

Would you live in a flat in Hong Kong with panoramic sea views, but have your home built on an 80-metre high podium above one of the world’s busiest container terminals?

Hong Kong residents will be asked in a public consultation next March if they would support relocating the Kwai Tsing container terminal to make way for housing, or have homes built on elevated platforms above the port, among 13 other land supply options.

The Task Force on Land Supply, a government-appointed committee charged with selecting the best solutions for Hong Kong’s dire land shortage, said they were open-minded about both options. It said, however, there was not sufficient information to determine whether or not either option would be feasible.

“We’re not saying it’s feasible, or not feasible at this moment. But we recognise either option does have certain technical challenges that need to be addressed,” task force chairman Stanley Wong Yuen-fai said.

“Our container terminals are running 24 hours a day, seven days a week. If we are to relocate the terminal, or build on top of it, how are we going to ensure that the normal operations won’t be disrupted?” Wong said.
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Old November 18th, 2017, 07:53 PM   #2214
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Ocean Terminal extension could be Hong Kong’s living room, architect says
New observation deck at city’s biggest shopping centre offers unrestricted panoramic sea views
November 18, 2017
South China Morning Post Excerpt

Not many people in Hong Kong can afford to live in a flat with unrestricted panoramic sea views from their living room.

But an architect behind a newly built observation deck and commercial complex at the city’s biggest shopping centre hopes the project will change that.

The Ocean Terminal extension in Tsim Sha Tsui, which opened to the public last month, transformed from a deserted cargo loading area into a five-storey complex with restaurants, a free observation deck and upgraded customs and immigration facilities for cruise passengers.

“[I think it] creates an opportunity for people to get right down to the waterfront in the heart of the city in a secure and peaceful way, which we think is quite rare in Hong Kong,” said Luke Fox, head of one of the six design studio teams at architecture firm Foster and Partners.

“It’s really seen as a place that people can adopt and have as their own alternate living room in a way for people to come out and enjoy the great view here,” Fox said.

The extension boasts a 270-degree panoramic view of Victoria Harbour, where the public can look out to West Kowloon and Hong Kong Island on both sides. Featuring wide cantilevered terraces, it also shades lower levels from the sun.

Two event spaces measuring 13,000 sq ft and seating that can hold up to 200 people were designed so the public could enjoy performances on its rooftop.
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Old November 19th, 2017, 05:16 PM   #2215
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Conservationists up in arms as owner plans to tear down Garden Building to make way for offices
An application by bakery group The Garden Company to redevelop its Sham Shui Po headquarters is drawing fire from heritage conservationists
August 27, 2017
South China Morning Post Excerpt

Hong Kong’s conservationists are speaking out against plans by developers to raze the Sham Shui Po corporate headquarters of The Garden Company, the city’s first bakery and confectionery maker that traces its establishment to 1926.

The owner of the building plans to turn the site at 58 Castle Peak Road into a 25-storey commercial and office building, according to redevelopment applications submitted to Hong Kong’s Town Planning Board.

The structure is the latest to come under the wrecking ball, after a sale in May of the first piece of land in downtown Central in 20 years set a world price record for commercial real estate, spurring many Hong Kong landlords to redevelop their existing property to capitalise on soaring prices.

The Garden Company isn’t alone. The owners of the Crowne Plaza and Excelsior Hotel have submitted redevelopment plans to transform their properties into commercial offices in the hope of getting higher returns.

Many technical and planning issues need to be taken into account in the redevelopment of The Garden Building, said Thomas Lam, head of valuation at Knight Frank.

“The redevelopment project is not 100 per cent for offices. It will include areas for teaching or exhibition,” Lam said, estimating that the commercial portion of the project could be sold for between HK$12,000 to HK$15,000 per square foot, or be rented out for between HK$25 to HK$35 per sq ft every month.

The Town Planning Board has received more than 382 comments on the development application, with more than 90 per cent opposed to the plan. Opponents were dissatisfied that the application failed to make any provision for preservation.

More : http://www.scmp.com/business/compani...-building-make
Sham Shui Po, November 7th 2017 (8) by Jamie Lloyd, on Flickr

Sham Shui Po, November 7th 2017 (4) by Jamie Lloyd, on Flickr
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Old November 20th, 2017, 04:24 AM   #2216
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Hong Kong sewage plant to move into caverns in 11-year plan
Ambitious HK$30 billion project to vacate 28 hectares of land for housing or other community developments
November 20, 2017
South China Morning Post Excerpt

Drainage officials will seek funding next year for the first phase of works to move a Sha Tin sewage treatment plant into a rock cavern in a massive project expected to last 11 years, according to Hong Kong authorities.

New details have also been revealed on the design of the facility, which is to be rehoused within Nui Po Shan of A Kung Kok, a hill across from the original site on the Shing Mun River.

The first phase is expected to cost about HK$100 million out of a total of HK$30 billion, if not more, Drainage Services Department chief Edwin Tong Ka-hung said.

The 13 hectares of caverns will provide just half the space of its original footprint, but the project will be the largest sewage works relocated into a rock cavern in Asia.

“It will be like heart replacement surgery,” Tong said of the construction of various sewage networks. “We’re essentially building a new heart in a body and reconnecting the existing blood vessels, before disposing of the old heart.”

If all goes according to plan, the preliminary works are to commence as soon as 2019 and finish by 2022. The works range from building an access tunnel into the core to site preparation, diverting utilities and traffic as well as removing and preserving trees.

This will be followed by demolition works to enlarge the caverns, which could take another one to two years. Thereafter, efforts are to be made to move new waste treatment facilities into the caverns. Existing plumbing is to be diverted from the old plant.

More : http://www.scmp.com/news/hong-kong/h...s-11-year-plan
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Old November 20th, 2017, 07:40 PM   #2217
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Oil Street (bottom right)

"smog and the city" by hugo poon, on Flickr
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Old November 21st, 2017, 11:07 AM   #2218
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‘Outlandish’: 88,000 applicants for 620 Hong Kong subsidised flats
Industry experts say trend is ‘worrying’ in world’s priciest property market
November 20, 2017
South China Morning Post Excerpt

About 88,000 Hong Kong families had applied for 620 subsidised homes, a record of 141 applicants competing for each flat, housing authorities said on Monday as the city’s overall property prices continued to soar.

By the 7pm deadline, applications for two discounted housing projects – Mount Verdant in Tseung Kwan O and Terrace Concerto in Tuen Mun – were oversubscribed by about 141 times, a record high since sales of subsidised housing resumed in 2013.

The construction of subsidised housing was suspended in 2002 to boost property prices amid a market downturn.

The current flats, sold at 30 per cent below market rate, are developed by the Housing Society, a non-profit organisation and Hong Kong’s second-largest public housing provider.

Housing Society chairman Marco Wu Moon-hoi described the imbalance between supply and demand as “serious” and “very worrying”. He called on society to reach a consensus as soon as possible to seek more land.

“The Housing Society has the resources and capacity to build more [subsidised housing], but without land we cannot do this,” Wu said. “Our next batch will not be introduced until three years later.”
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Old November 23rd, 2017, 02:48 PM   #2219
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11-12 Headland Road

This project consists of four luxurious residential housesin Hong Kong. Working with the Henderson Land Development Company Ltd., this development has a total G.F.A. of 3,030 sq.m., including a house accommodating as large as over 900 sq.m. The housesfeature an outlook of simplicityand boast a sweeping sea view of the South Bay. The houses are built mainly with natural stones, with multiple materials of aluminium and glass applied, forming a perfect combination of modernity and classicality for the building envelope.




http://www.lwkp.com/m/project/c/2/i/79
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Old November 23rd, 2017, 02:49 PM   #2220
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Kelletteria






http://www.lwkp.com/m/project/c/2/i/11
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