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Old December 21st, 2008, 05:24 AM   #541
hkskyline
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柏豐28逾萬人參觀 豪門連沽三伙 新盤單日錄25宗成交
21 December 2008
星島日報

近期樓市氣氛升溫,單幢樓更成為市場焦點,昨日單日新盤錄二十五宗成交,新地大角嘴柏豐28正式推售,單日沽出約二十伙,該盤更錄得逾一萬人參觀。另外,華懋旗下九龍城豪門亦連錄三宗成交,高層單位以每方呎約六千四百五十四元沽出。

新地旗下大角嘴柏豐28,昨日該盤正式開售,新地發言人表示,昨日錄得約一萬人特約貴賓參觀,其中首五名購入單位的特約貴賓,獲發展商贈送樓價半成折扣。據現場代理表示,由上午十時至下午二時左右,該盤已錄得十四宗成交,截至傍晚,該盤單日已錄約二十宗成交,連同早前已經預留的約五十伙,目前該盤估計共已售出約七十伙,佔總單位數目約七成四。

消息人士透露,其中有一名投資買家斥資約六百四十萬元,購入柏豐28中層C及D單位,面積分別為七百六十一及六百零四方呎,平均呎價約四千七百元。另一個低層D單位,面積約六百零四方呎,則以二百四十四萬六千二百萬元售出,呎價約四千零五百元。

柏豐28沽20伙

據了解,柏豐28於昨日早上十時開始售樓,記者現場所見,樓盤外不斷聚集大批睇樓客,場面甚為熱鬧,人龍一度大打「蛇餅」,不過,發展商方面早有安排工作人員維持秩序,令整體睇樓秩序良好。

地監局昨日亦有派員到現場巡視該盤的售樓安排。另外,新地代理執行董事周國賢,昨日亦一直駐守該盤指揮銷售工作,惟並沒有透露該盤銷情數字。根據發展商早前提供的資料顯示,柏豐28自從前周六供預留以來,短時間內共售出五十個單位,套現二億元,市場消息指出,連同昨日沽出的二十伙,該盤合共售出七十個單位。

累售70單位

資料顯示,柏豐28平均呎價約四千七百至四千八百元,最低呎價約三千九百餘元,最高呎價達五千餘元,其中兩房戶入場費約二百五十萬元,三房則三百餘萬元。至於特色戶意向呎價約八千元,據悉目前正有準買家洽購中。

市場消息指,同系沙田壹號雲頂,昨日發售最後於第八座的車位,售價由五十七萬元起,市場估計目前該盤的車位已累售超過二百個。

壹號雲頂車位57萬起

另一邊廂,華懋旗下各新盤昨日亦錄得不俗的銷情,市場人士指,其中九龍城豪門就吸引逾百組睇樓客參觀,由於該盤已沽出逾五十伙,快將達標,買家擔心發展商加推單位將削減優惠,故加快入市步伐,令該盤昨單日再添三宗成交。

香港置業助理區域經理陳煒鈞表示,其中高層C單位,面積一千○七十八方呎,以約六百九十五萬七千元成交,平均呎價約六千四百五十四元。

傲庭峰中層355萬沽

同系青龍頭豪景花園傲庭峰,繼日前擴闊置業優惠後,據悉昨日錄得優惠後首宗成交,中原助理營業董事譚藩榮表示,買家為同區用家,購入帝庭中層A室,面積約一千三百二十八方呎,折算樓價七折優惠後,以三百五十五萬元成交,呎價約二千六百七十三元。

德成軒高層500萬易手

至於恒基旗下佐敦德成軒,昨日就增添一宗成交,利嘉閣助理區域經理溤樹勳表示,單位為高層D室,面積約六百四十七方呎,以五百萬元成交,呎價約七千七百二十八元,據了解,該盤現時已累售超過八十伙,佔整體九十四個單位約八成五。

栢慧豪廷130萬入場

市場消息指,長實旗下天水圍栢慧豪廷,目前仍待批售樓紙,近日逐步向代理披露物業資料,據悉發展商初步已定出一個最低入場費,由一百三十萬元起,以面積最細的約六百方呎單位計算,呎價約二千二百元。
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Old December 21st, 2008, 07:25 AM   #542
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By the way, that building with the new facade in Central is ******* stunning at night.
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Old December 21st, 2008, 08:59 AM   #543
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Quote:
Originally Posted by _00_deathscar View Post
By the way, that building with the new facade in Central is ******* stunning at night.
Are you talking about the recladded Nexxus Building? The spots of changing colours of light look quite good!

Website : http://www.nexxusbuilding.com

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Old December 21st, 2008, 09:05 AM   #544
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No, that's not it. It's right across from it though - it's a slim, tall glass structure. Think it's a bank or something?

Right next to a Chinese building.

You covered it before I think, or someone did...very recently - but I'm not sure in which thread.

Is it Guangdong Investment Tower? If that's been recladded.

Last edited by _00_deathscar; December 21st, 2008 at 09:10 AM.
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Old December 21st, 2008, 09:10 AM   #545
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Quote:
Originally Posted by _00_deathscar View Post
No, that's not it. It's right across from it though - it's a slim, tall glass structure. Think it's a bank or something?

Right next to a Chinese building.
The only other new structure I can think of along the tram line in Central is Chong Hing Bank :

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Old December 21st, 2008, 09:14 AM   #546
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That's the one.
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Old December 21st, 2008, 09:26 AM   #547
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Any updates on the HKCEC?
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Old December 21st, 2008, 03:20 PM   #548
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By 鄧麗欣之戀 from skyscrapers.cn :





That's really smart-designed,...
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Old December 21st, 2008, 03:45 PM   #549
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Any updates on the HKCEC?
HONG KONG | Convention and Exhibition Centre Extension
http://www.skyscrapercity.com/showthread.php?t=575189
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Old December 23rd, 2008, 01:28 PM   #550
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Lawmakers concerned a limit on green features will stifle creativity
20 December 2008
South China Morning Post

Lawmakers have expressed concern that capping the amount of green features developers can add to their projects in return for floor-space concessions could limit creativity.

At a Legco development panel meeting yesterday, lawmakers discussed the government's plans for controls aimed at preventing abuse of the system that has allowed some developers to double the originally authorised floor area of their projects.

The government was also urged to widen the policy review to cover all building regulations, strengthen co-operation among departments and encourage flexible building design.

The Development Bureau will hold a three-month public consultation early next year to gauge public views on striking a balance between adding green designs while avoiding wall-effect buildings that block air flow and views.

Proposals include capping the exempted areas granted to green features and requiring developers with exempted floor areas to comply with environmental rules such as greening 30 per cent of the development site area.

Legislator Patrick Lau Sau-shing, representing planners, architects and surveyors, said the new proposal had not gained full support from his sector. He said the government had specified the maximum gross floor area allowed on a site before it was sold for development and he feared the caps proposed for green features would reduce design flexibilities.

Lawmaker Abraham Razack, representing developers, said too many restrictions could discourage green designs. "If the government is to limit the floor height, the building will become less permeable," he said, urging review of the roles of the Planning Department, Buildings Department and Lands Department, citing their conflicting policies.

"The existing policy allows residential blocks to have grand and hotel-like lobby and club houses that are illuminated all day long. I don't think they are environment-friendly at all," said Secretary for Development Carrie Lam Cheng Yuet-ngor.
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Old December 24th, 2008, 07:46 AM   #551
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Bedford 28



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Old December 24th, 2008, 05:22 PM   #552
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URA may issue bonds to raise cash for projects
Redevelopment body given same credit rating as HK government

24 December 2008
South China Morning Post

The Urban Renewal Authority is considering increasing its cash for upcoming acquisitions by issuing bonds and borrowing from banks, which could be made easier after it was issued a top credit rating by Standard & Poor's yesterday.

The authority's managing director, Quinn Law Yee-kwan, said it was the first time it had obtained a credit rating from a rating agency.

"This is to pave the way for borrowing money," he said.

Standard & Poor's gave the authority a credit rating of AA+, meaning its capacity to meet its financial commitment is very strong and stable. It is the same rating issued to the Hong Kong government.

Standard & Poor's credit analyst Christopher Lee said the rating reflected the authority's strong stand-alone credit profile, government backing, its leading position as an urban land supplier, its liquidity and debt protection.

But, Mr Lee warned, the authority's strengths were counterbalanced by the large cash outflows expected for new redevelopment projects in the next two years, growing pressure to undertake additional non-revenue-generating activities, and volatile property cycles.

"Mounting public demand for conservation of historical buildings and lower urban density could also have a negative impact on the authority's profitability," he said.

Mr Law said the authority planned to use money from the public or banks for at least five projects in Kwun Tong, Sheung Wan, Mong Kok, Ma Tau Kok and Sham Shui Po.

"People in an economic downturn might quickly decide to sell their flats to the authority since the property market is expected to continue to decline," he said. "It will increase our demand for loans."

The authority is expected to buy, renovate and revitalise 20 shop houses in Shanghai Street and Prince Edward Road West, Mong Kok, with a restoration cost of HK$1.3 billion. The total cost of the Kwun Tong town centre redevelopment, which is expected to lose money, has been estimated at more than HK$30 billion, with HK$12 billion needed for acquisitions starting this month.

Mr Law said the authority had only HK$10 billion in cash, and dismissed the possibility of turning to the government for more money.

"The government has already injected HK$10 billion in the authority and the authority is supposed to be self-financing in principle," he said, adding that issuing bonds and obtaining bank loans were among the options the authority was considering to increase its cash level.

Mr Law refused to comment on how much money the authority was planning to borrow but said the value of bonds it issued would not exceed HK$1 billion. He also declined to comment on this year's budget.

Raymond So Wai-man, an associate professor of finance at Chinese University, said the rating would allow the authority to issue bonds at a lower cost.

"It would be wiser for the authority to issue bonds instead of borrowing from banks in this economic environment," he said.
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Old December 27th, 2008, 05:30 AM   #553
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Larch Street / Bedford Road Redevelopment















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Old December 27th, 2008, 05:53 AM   #554
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A few more by Itarilde previously posted at skyscrapers.cn :

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Old December 27th, 2008, 09:33 AM   #555
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Hong Kong Disneyland aims to expand park by third: report
22 December 2008
Agence France Presse

Hong Kong Disneyland's much-awaited expansion would increase the size of the park by a third and cost around 3.5 billion Hong Kong dollars (450 million US), a report said Tuesday.

The park, desperate to expand its operation to boost disappointing visitor numbers, would aim to open three new themed "lands", the South China Morning Post reported, citing the park chief executive Andrew Lam.

Lam told the paper the expansion would amount around half of the 7.2 billion Hong Kong dollar cost of a new cruise terminal planned in the city.

The park remained in negotiations with the city's government, which owns a 57-percent stake, over the financing for the expansion, the report said.

Bill Ernest, Walt Disney Parks and Resorts president and managing director for Asia, said any potential deal was not straightforward.

"I think the business is complex because any time we go in with our own level of capital, it puts it into the overall mix and then the government has to determine how it wants to handle it," he said, according to the Post.

"So it's not an easy negotiation, but it is ongoing and frankly it has been for a while."

Kam said the government would remain the majority shareholder, but its stake may be diluted if Disney's parent firm paid for all of the new development.

The park celebrated its third anniversary in September, but it has struggled to hit visitor targets and Kam has said expanding the park was a priority.
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Old December 27th, 2008, 06:18 PM   #556
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太古城酒店 by bextra from skyscrapers.cn :



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Old December 27th, 2008, 07:17 PM   #557
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海桃灣 主攻西九換樓客
文章日期:2008年12月25日



【明報專訊】毗鄰港鐵奧運站的全新樓盤「海桃灣」,大有機會是南豐集團明年的「頭炮」;或者有人會問,屋苑為什麼命名為「海桃」,而非市場慣常所見的「海濤」,原因相信是發展商既要突出樓盤擁有維港「海」景的賣點,又想表明樓盤屬南豐、市建局在大角嘴櫻「桃」街舊區重建工程中合作發展的產物。

逾半單位擁維港景

海桃灣屬中等規模屋苑,由3幢大廈組成,總共提供522個單位,當中逾50%單位坐擁維港海景,項目預計明年9月落成入伙。市場消息指南豐原本有意在今年第3、4季開售,但奈何遇上「百年一遇」的全球性金融海嘯,所以推遲開盤時間。

近期推售的數個九龍市區單幢盤都獲得不俗銷情,而海桃灣既同樣位處九龍市區,並擁有集體運輸優勢,因海桃灣與港鐵奧運站、區內最大型商場奧海城2期,都只是一街之隔,對外交通、消閒購物都相當方便。

頂層特色戶 意向呎價1萬起

海桃灣提供的戶型選擇相當豐富,標準單位的面積約介乎600餘至1600餘方呎,分2房、3房、3房連套房、3房連套房及多用途房,以及4房大戶型,其中3、4房大單位將屬主打戶型,目標明顯是針對西九龍地區的換樓客、以及想提升生活質素的人士。

此外,發展商亦打造了一批面積約由1400餘至2000餘方呎的頂層特色大戶(據稱並附連私家泳池),市場人士相信這批特色大戶的意向呎價,將介乎1萬至1.5萬元。
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Old December 27th, 2008, 07:26 PM   #558
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壹號雲頂 by bextra from skyscrapers.cn :



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Old January 2nd, 2009, 10:07 AM   #559
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Property deals to tumble this year as economic woes sideline buyers
2 January 2009
South China Morning Post

Property sales could tumble in Hong Kong this year as rising unemployment, higher mortgage rates and a bearish stock market sideline buyers.

According to Midland Realty, property transactions would continue to decline to below 100,000 this year, with a drop in total value to HK$300 billion.

This represents a decline of more than 11 per cent from an estimated 112,956 transactions for the whole of last year and a fall in value of about 27 per cent from HK$411.2 billion.

In 2007, the number of registered property transactions reached 145,691, with a value of HK$525 billion.

"Property transactions will be subdued by the deepening economic crisis under the weight of the global financial turmoil," said Midland Realty chief analyst Buggle Lau Ka-fai.

The provisional figures included transactions in residential, retail and commercial property and parking spaces. Official figures for last year have not yet been announced.

For the residential sector, both Hong Kong Property Services (Agency) and Ricacorp Properties predicted sales in the primary and secondary markets would account for 85,000 deals this year.

"Buying sentiment will remain poor in the first quarter, as residential prices still have room for a 5 to 10 per cent downward adjustment," said Fredy Wu Yat-fat, the chief executive of Hong Kong Property.

Last year, residential prices in the secondary market plummeted up to 35 per cent at some new projects dominated by speculators.

Transaction prices at Bel-Air Residences in Pok Fu Lam had dropped to an average HK$9,000 per square foot from the peak level of HK$13,000 early last year, Mr Wu said.

Home seekers are expected to become cautious at a time of higher jobless rates and an evaporation of wealth, given that Hong Kong stocks would be unlikely to rebound significantly, he said.

Lots of capital had been tied up in the stock market, which slid 48.27 per cent last year.

At the same time, mortgage rates have increased to 1 percentage point below prime and now stand at 5 or 5.25 per cent, compared with the previous 2 percentage points below prime, as banks tightened home lending. Mr Wu forecast borrowing costs would be even higher this year, as homebuyers could be charged a mortgage rate as high as prime.

Ricacorp Properties executive director Willy Liu Wai-keung said the market would be determined by the economy's performance, particularly in the second half of this year.

The primary residential market would be more active than last year, Mr Liu said, as developers tried to speed up marketing of new residential projects to improve cash flow.
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Old January 2nd, 2009, 11:34 AM   #560
hkskyline
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Expanding Disney in talks to convert loan
Hong Kong Standard
Wednesday, December 31, 2008

The government may have to forego part of the HK$6.1 billion it loaned to Hong Kong Disneyland as a result of the company's decision to expand the park.

Hong Kong Disneyland managing director Andrew Kam Min-ho said last week the government does not need to inject more money into the project, assuring that it would remain the major shareholder. But a source said Disney is now negotiating with the government to convert part of the loan as its share of capital expenditure.

The Walt Disney Company has said it will inject about HK$3.5 billion to expand the park area by 67 percent.

But the source told The Standard's sister newspaper, Sing Tao Daily, that if the government foregoes part of the loan as shares, it would be in effect financing the expansion.

The source said the government will need to study the proposal very carefully as it involves a change of conditions.

During negotiations for the initial construction of the park, the government and Walt Disney agreed the cost of HK$14.1 billion should be financed by a mixture of debt (HK$8.4 billion) and equity (HK$5.7 billion).

The debt was raised by a commercial loan of HK$2.3 billion and a government loan of HK$6.1 billion payable over 25 years from the park's opening in 2005.

In September, Walt Disney loaned HK$3.26 billion to the joint venture that owns HKDL to repay the commercial loan.

The current round of negotiations between the government and Disney revolves around the HK$6.1 government loan.

Disney and the government respectively invested HK$2.45 billion and HK$3.25 billion into the construction, holding 43 percent and 57 percent of the shares respectively.

Last week, Kam said the Disney expansion plan will only cut a small portion of the government's shares.

He mentioned new rides, including thrilling ones geared toward young adults as well as something uniquely Hong Kong. He said the scale of the expansion project is so great that it would become the "11th major infrastructure" and will create several thousand jobs.

If the proposal is approved, it will only take two to three months for work to begin and about two to three years to complete.

Walt Disney Parks and Resorts Asia president and managing director Bill Ernest also said last week the government and TWDC are negotiating on some complex issues, but he hopes a deal can be reached in the coming year.
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