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Old March 26th, 2009, 02:45 PM   #641
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Enough to be read about!

These are some great knowledge about the development and projects out there in Honk Kong..Thanks i would like to know about more the country. The information was like it was overloaded but thanks as i have picked some important points.

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Old March 27th, 2009, 06:03 AM   #642
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Buy a new home for $1.8m
Hong Kong Standard
Thursday, March 26, 2009

The latest salvo in the battle to find homebuyers has been fired with developer Chinese Estates (0127) slashing prices by up to 20 percent at a new West Kowloon project to levels last seen during the SARS epidemic in 2003.

The developer will put a first batch of 20 flats at its "i-home" project in Tai Kok Tsui on the market tomorrow, with prices from HK$3,590 per square foot.

The cheapest flat will cost HK$1.829 million.

The 20 homes, on the 10th, 16th, 19th and 23rd floor, offer floor areas of between 509 and 712 square feet. The average price will be about HK$3,900 psf.

Peter Or Oi-bon, general manager of the Chinese Estates sales department, believes the prices are "not cheap," but close to prevailing prices in the area.

"These prices are more attractive than new housing projects in Tai Kok Tsui and our target buyers are young couples and singles," he said.

Or said the 182-flat project will not be sold all at once: the developer will release more flats and raise prices according to market response.

Buyers are expected to occupy the homes in June at the earliest.

Real-estate agents predict secondary transactions in Kowloon will decrease, largely because of the launch of the new Chinese Estates project.

"However, the project will boost sentiment about the overall property market because of its low prices," said Benny Yu, senior sales director of Hong Kong Property Services.

Compared with the developer's Mong Kok project MOD 595, flats at i-home wil
l be about 20 percent cheaper.

Flats costing less than HK$2 million in West Kowloon have been selling for HK$3,100 to HK$4,900 psf recently, according to Midland Realty. The average price of Metro Harbour View, a secondary project in Tai Kok Tsui, is HK$3,613 psf.

Midland Realty assistant sales director Janny Chan said there have been 27 sales at Metro Harbour View this month, and 85 percent of them were two-bedroom flats.

The agent's chief analyst Buggle Lau Ka-fai expects secondary transactions, of homes worth HK$2 million or below, to reach 4,000 this month - an eight-month high. He said there have been 3,145 registrations so far this month.

Florient Rise, a more upmarket residential project in Tai Kok Tsui, launched by Nan Fung Development last Saturday, sells for an average of HK$5,000 to HK$6,000 psf for lower- floor units.

About 50 percent of the 522-home project has been sold. A market source said there were 10 deals yesterday.

Around the time of the SARS outbreak, newly launched flats in the Kowloon area were selling at around HK$3,500 to HK$3,600 psf, according to property agents.
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Old March 27th, 2009, 06:40 PM   #643
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中巴車廠重建獲批機會微
3月26日

【明報專訊】中華汽車(0026•中巴)柴灣道巴士廠及巴士總站重建項目,申請將4幢住宅減至3幢,基座由5層減至3層,不過總樓面不變,層數增加至52至57層(最高205.65 米)。但城規會文件顯示,該申請不獲多個部門支持,包括認為交通影響評估,未有足夠資料指出項目不會帶來負面交通影響,而項目鄰近加油站,風險問題仍要更多資料論證,而項目亦明顯過高,預料明天不會獲城規會批准。
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Old March 28th, 2009, 06:41 PM   #644
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Florient Rise an early exemplar of Tai Kok Tsui's makeover
25 March 2009
South China Morning Post



Tai Kok Tsui in West Kowloon is widely regarded as an old district dominated by 40-year-old-plus residential blocks, industrial buildings and light-industry workshops.

All of that is due to change as a result of a redevelopment plan initiated by the Urban Renewal Authority.

One of the first signs of the new times envisaged for the area is Florient Rise, a joint venture between Nan Fung Group and the URA that will be ready for occupancy in September.

Targeted at home buyers in or near the district who want to upgrade their living standards, Florient Rise appears to have hit the spot, attracting buyers for 220 units when sales kicked off last weekend.

The Lands Department gave the go-ahead to launch the project in September, but the sales campaign was halted because the property market was badly hit by the financial meltdown in the last quarter.

Other new projects in the same district include Shining Heights on Sycamore Street, i-home on Larch Street, Bedford 28 on Bedford Road, and MOD 595 on New Reclamation Street. All are single-block developments with minimal facilities and offering mainly smaller-size units.

Located on Cherry Street, Florient Rise is just a stone's throw from Olympic Station. It consists of three blocks offering 522 units ranging from 598 square feet to 1,326 sq ft. Penthouses are 1,338 to 1,987 sq ft.

The development offers tenants clubhouse facilities that come with an outdoor swimming pool - almost a standard item nowadays in newly developed large housing estates but a luxury for residents in the neighbourhood.

Prices fetched last weekend ranged in most cases between HK$5,200 and HK$6,396 a square foot, according to the developers. A 1,111 sq ft unit on the 36th floor was sold at HK$9.81 million, or HK$8,837 a square foot, while a 1,300 sq ft unit on the 33rd floor fetched HK$11.16 million, or HK$8,585 a square foot.

Another new project in the same district with comparable facilities is the three-year-old Harbour Green, which comprises five blocks offering 1,517 units in total and is located 15 minutes' walk from Olympic Station.

According to data from the Land Registry, 23 units were sold in Harbour Green in the last three months at an average price of HK$5,975 a square foot. There are currently 33 listings in the development on the market at asking prices ranging from HK$5,153 to HK$9,075 a square foot, according to Centaline Property Agency.

Meanwhile, cheaper options can be found in the neighbourhood at the five-year-old Metro Harbour View, where ample listings are available at asking prices ranging from HK$3,136 to HK$5,011 a square foot, but getting to the nearest train requires a shuttle bus ride.
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Old March 29th, 2009, 07:40 AM   #645
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翔龍寰宇冠邸 意向呎價逾萬
28/03/2009




發展商近期積極推盤吸客,掹地的土瓜灣翔龍灣今起重售貨尾吸客,發展商透露,該盤尚餘40多伙,集中58至62樓極高層,該類單位命名寰宇冠邸,意向呎價近 1萬至1.2萬元,而尚餘數伙的標準戶呎價約7,000餘元起,買家可享二按首兩年免息免供等優惠,另元朗翹翠峰市傳今起接受預留,各代理行暫為該盤預收約100票。

掹地營業部總經理林達民稱,翔龍灣待售的約40伙寰宇冠邸單位,之前最高成交呎價為1.52萬元,而新加推單位平均意向呎價逾1萬元。他強調,由於新推單位以往未曾推售,售價不可與○七年最高位作直接比較,定價維持與○六年首推時相若。今起開放全新6座頂層連天台C室的示範單位及重售。

他指該盤重售共提供5個付款辦法,買家享樓價90%包底按揭,東亞及永隆等銀行提供一按首三年定息2厘樓按,發展商則提供二按首兩年免息免供優惠。

翹翠暫收100票
不過,代理透露,翔龍灣是次重售單位的定價,個別較○七年最高位減價逾30%,發展商並低調向買家贈送釐印費等優惠。港置歐偉倫稱,該盤昨晚隨即錄得寰宇冠邸特色戶成交,單位為3座59樓D室,面積1,505方呎,成交價1,300萬元,呎價8,638元,買家為內地投資客。

林達民又稱,何文田京士柏山其中1座洋房剛獲內地客購入。中原雷銳光稱,剛售出的雙號屋成交價6,368萬元,呎價14,920元。

另代理透露,新世界的翹翠峰昨首日開放示範單位予預約人士參觀,並透過代理收票,每票9萬元,市場料暫錄約100張入票登記,最快今起接受買家預留單位。
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Old March 30th, 2009, 06:45 PM   #646
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Signs of thaw as launches attract more buyers
Analysts say increase in deals more a technical rebound than change in fundamentals

25 March 2009
South China Morning Post

Signs of a thaw are emerging in the Hong Kong property market as more large-scale residential projects are launched for sale to a positive response from buyers.

However, analysts caution that while sales may be encouraging, the continued gloomy economic outlook means that the decline in prices may not have ended yet.

Last weekend, Florient Rise, a residential project in Tai Kok Tsui jointly developed by Nan Fung Group and the Urban Renewal Authority, secured buyers for 220 units, or about 42 per cent of the total of 522 units on offer.

The prices of most of the units ranged between HK$5,200 and HK$6,396 per square foot.

The encouraging performance followed the relaunch earlier this month of Harbour Place in Hung Hom, which attracted buyers for 700 units in two weeks.

That response compares with recent weekend deal volumes of just 10 to 20 units - a poor performance that analysts said was due to the fact that no new developments were being released on the market.

"The quickening of sales shows that there is quite a bit of demand for small units," said Eric Yuen Chi-fung, the head of research at Guoco Capital.

"But I think it is more of a technical rebound rather than a change in the fundamentals of either the economy or the property market."

Analysts said the residential property market was oversold in the second half of last year as some owners panicked over the financial crisis.

But it has rebounded slightly since the beginning of the year, and banks are actively launching new mortgage schemes at lower interest rates, luring some buyers from the sidelines.

The Centa-City Leading Index, which tracks transaction prices in the secondary market, dropped about 22 per cent in the second half of last year but gained 4.7 per cent in the first two months of this year.

Seizing the opportunity presented by the improving sentiment, Chinese Estates Holdings plans to launch its 182-unit development i-home in Tai Kok Tsui for sale this week.

Other projects in the sales pipeline include Emerald Green, a New World Development project in Yuen Long, and Sun Hung Kai Properties' Latitude in San Po Kong.

Property agents and developers hope that more such launches will stimulate sales in the primary and secondary markets. An increase in transactions is the first sign of a recovery. Price rises follow.

But Wong Leung-sing, an associate director at Centaline Property Agency's research department, said it remained to be seen whether the rebound in sales could be sustained.

This would depend very much on developers' pricing strategy, Mr Wong added.

If developers responded to signs of increased demand by aggressively raising prices, the recovery could be halted in both the primary and secondary markets, he warned.

Ricacorp Properties' head of research, Patrick Chow Moon-kit, echoed this caution, adding that the pricing strategy of owners in the secondary market was also critical to the market.

Market watchers said projects such as the Capitol in Tseung Kwan O and the Palazzo in Fo Tan, which launched early last year when the market was at an almost decade-long peak, might result in more default deals if the job market and economy deteriorated further.

Mr Yuen, like many other securities analysts, was also more cautious on the outlook because of the weak fundamentals of the market.

"Home prices are still under pressure this year because of rising unemployment and a deteriorating economy. We believe the average home price will drop this year by 10 to 15 per cent from the end of 2008," he said.
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Old March 31st, 2009, 08:51 AM   #647
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Sheung Shui site on block
Hong Kong Standard
Tuesday, March 31, 2009

A site in Sheung Shui will go under the hammer in May - the opening government land auction in the 2009/10 financial year and the first on the block in almost 12 months.

The 3,292-square-foot site on San Fung Avenue, Shek Wu Hui, is being put up for sale with a minimum required bid of HK$30 million, the Lands Department announced yesterday.

The site - Fan Ling Sheung Shui Town Lot No 225 - is designated for non-industrial use and will be auctioned on May 5 at Queen Elizabeth Stadium in Wan Chai.

Midland Surveyors director Alvin Lam Tsz-pun estimates the site can fetch HK$35 million, or about 15 percent above the reserve price and equivalent to an accommodation value of HK$2,311 per square foot.

Lam said some modest-sized developers are expected to welcome the sale because the site is relatively small "and capital involved should not be large." And that should be a signal that "developers' interest in land purchases have reignited, even though this is only a small site."

The Sheung Shui site has a maximum gross floor area of 15,143 sq ft with a plot ratio of 4.6 times.

It is expected to be developed into a six-story residential-cum-commercial building. There could be two floors for commercial use, Lam said, with only eight to 12 flats built.

Taking a different view, Centaline Surveyors director James Cheung King- tat predicts the Sheung Shui site will be sold at HK$39 million, with a plot ratio of 4.73 times.

He expects the accommodation value to be HK$2,500 psf, selling at HK$4,000 psf after development.

"We expect some small developers will bid in the auction," Cheung added.

Flats in the secondary residential market in Sheung Shui are selling between HK$2,800 and HK$3,500 psf, according to Centaline. Units at Lung Fung Garden are priced on average at HK$3,100 psf and those at Sheung Shui Centre are about HK$3,200 psf.

Only a small site at Pak Sha Wan in Sai Kung triggered an auction in thefinancial year, which ends today. It sold for HK$16.5 million.

Developers sought to buy four other sites during the financial year, but their bids were rejected by the Lands Department.
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Old March 31st, 2009, 03:21 PM   #648
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Opinion : SoHo residents have done a fine job of renewal without the URA
30 March 2009
South China Morning Post

In its recent application to the Town Planning Board for approval of its master layout plan for the Staunton Street/Wing Lee Street redevelopment project, the Urban Renewal Authority created a misleading impression that buildings on Staunton Street were in a derelict condition.

The master layout plan describes the existing condition of the site and a photo with a caption refers to the "deteriorating /poor conditions" of the buildings at 60-66 Staunton Street. The photo is an old image taken more than a year ago showing buildings wrapped in scaffolding. In fact, these four to five-storey tong laus [Chinese tenements] were undergoing major renovation which resulted in improvements, inside and outside, to the buildings.

The master plan was submitted last month. There is no reason why such an inaccurate description was used unless it was an attempt to misrepresent the situation to the board and the public as well as to justify the demolition of these buildings for a 28-storey high-rise. Organic regeneration has taken place in Staunton Street, which the URA has earmarked for large-scale redevelopment. Renovation of tong laus has become a trend in SoHo resulting in a unique architectural style. Such owner-initiated urban regeneration, common in many other cities, should be encouraged as the engine for urban renewal.

To waste taxpayers' money to take back and pull down these fine properties is a crime. Building a high-rise tower in their place will destroy the unique character and ambience of this historic area. No sensible person will ever want to invest in upgrading their properties in old districts like SoHo for fear of the URA coming in and taking possession of the buildings. The day the URA sends in the wreckers will mark the end of SoHo which is known overseas for its narrow streets and the way in which local people have creatively transformed their buildings.

The current urban renewal policy, whereby buildings in good condition and treasured by the community are demolished for money-making development, is illogical. An alternative approach needs to be considered for regenerating Staunton and Wing Lee streets and it is never too late.

Katty Law, Central
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Old March 31st, 2009, 04:15 PM   #649
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九龍塘One LaSalle最快下月推
30 March 2009
星島日報

近期多個豪宅新盤連環登場,錄得不俗銷情,推動發展商把握時機推盤,當中興勝創建旗下九龍塘One LaSalle,發展商表示,預料本月底前可獲批售樓紙,最快下月部署推出市場,意向呎價介乎一萬五千至二萬元左右,單位意向價由約五千萬至六千萬元。

意向呎價1.5萬起

興勝創建項目管理董事周嘉峰表示,旗下喇沙利道一號項目早前命名為One LaSalle,預料本月底前可獲批預售樓花同意書,並最快下月部署推出市場。他透露,項目分層意向價約五千萬元,特色戶意向價約六千萬元,意向呎價介乎一萬五千至二萬元左右。

周氏稱,近期多個豪宅新盤推出市場,承接力均不俗,認為現時屬合適時間推盤,而由於項目提供單位不多,物業將善價而沽。問及會否擔憂購買力被消耗,他認為,該批新盤與項目類型不相同,相信新盤推出反而會帶旺市場氣氛,不擔憂購買力被削弱。

提供三伙特色戶

One LaSalle位於九龍塘傳統豪宅地段,樓高八層,一梯兩伙,共提供十四個單位,全部劃一面積約三千方呎,以四房雙套房設計,並提供三個特色單位,包括一個連逾千呎平台特色戶,以及兩個連三千方呎天台特色戶。

周嘉峰續介紹,項目建築風格帶有法國文化色彩,目前正搭建一個現樓示範單位,位於物業頂層A室,屬連天台特色戶。至於同系位於九龍塘的新盤書院道項目,目前仍待批預售樓花同意書,短期內未會進行推盤部署。資料顯示,該項目位於九龍塘書院道八號,僅提供七個單位。
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Old April 1st, 2009, 12:00 PM   #650
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Sludge plant aims to slip onto tourist trail
Hong Kong Standard
Friday, March 27, 2009

A sludge treatment plant as a tourist destination?

The idea may seem far-fetched, but environmental officials revealed that such a plan is among those being considered for the HK$5 billion project set to rise in Tuen Mun by 2012.

The plan calls for an environmental learning center, a warm- water swimming pool and even a spa using heat generated by the treatment plant to be built as part of the facility.

According to a senior environmental official, who did not want to be named, the blueprint will be discussed with representatives from Tuen Mun District Council today before being tabled for deliberation in the Legislative Council's environmental affairs panel on Monday.

The key element in the treatment plant will be its architectural design, for which tenders will be sought worldwide, he added.

An ash lagoon at Tsang Tsui near Nim Wan in Tuen Mun has been identified as a prospective site.

The ambitious plan is not without successful models. Sludge treatment plants in Osaka in Japan and Vienna have been so nicely designed they have become landmarks, the official said.

"They don't look like treatment plants at all. The one in Osaka is full of bright and vibrant colors, like a children's playground.

"We have plans to turn the plant in Tuen Mun into an education center for environmental protection."

The plant, which will reduce sludge in the city by 90 percent, is necessary as landfills are running out of space.

In its Legco paper, the Environmental Protection Department said continuing to bury sludge at landfills could lead to slope failures and sludge slides.

The incinerator will handle 2,000 tonnes of sludge a day by 2016. It will also create 613 construction jobs and 60 permanent jobs, according to the Legco paper.
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Old April 2nd, 2009, 03:35 PM   #651
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兩新盤搶灘
02/04/2009
東方日報

多 個 新 盤 瞄 準 下 周 一 連 四 天 的 復 活 節 長 假 部 署 推 售 , 新 地 (00016)太 子 道 東 譽 ‧ 港 灣 於 今 日 率 先 開 放 示 範 單 位 予 傳 媒 參 觀 , 首 階 段 擬 推 的 200 伙 , 海景 戶 意 向 呎 價 8,000 至 逾 1 萬 元 , 料 入 場 費 有 機 會 在 600 萬 元 以 下 。 至 於 昨 取 得 預售 文 件 的 長 實 (00001) 天 水 圍 慧 豪 廷 , 目 標 客 群 為 元 朗 及 區 內 「 上 車 」 至 換 樓 一 族 , 入 場 費 料 100 餘 萬 元 。

慧 豪 廷 百 餘 萬 進 場
以 用 料 較 一 期 提 升 40% 及 更 具 實 用 空 間 作 賣 點 的 慧 豪 廷 , 長 實 地 產 投 資 董 事 劉 啟 文 表 示 , 集 團 一 如 既 往 在 取 得 預 售 文 件 後 會 盡 快 安排 推 售 , 按 程 序 會 預 早 七 天 通 知 警 方 賣 樓 及 在 發 售 前 24 小 時 派 發 價 單 , 相 信 首 批會 推 出 多 於 20 伙 , 並 會 提 供 優 惠 , 而 定 價 會 參 考 同 區 二 手 價 。

首 批 單 位 開 優 惠 價
劉 氏 又 說 , 慧 豪 廷 單 位 面 積 介 乎 600 餘 至 逾 1,000 方 呎 , 目 標 客 群 以 元 朗 區 及 同 區 居 民 為 主 ,由 初 次 置 業 、 分 支 家 庭 、 新 婚 , 以 至 換 樓 均 適 合 , 另 亦 有 40 餘 個 特 色 單 位 , 如 連花 園 平 台 或 天 台 戶 等 , 預 計 最 細 面 積 的 單 位 , 最 低 售 價 100 餘 萬 元 。 另 外 , 項 目 一期 有 兩 成 買 家 來 自 內 地 , 劉 啟 文 稱 , 慧 豪 廷 料 會 繼 續 到 深 圳 及 珠 三 角 等 地 進 行 推 廣 , 而 物 業 最 快 二 ○ 一 ○ 年 第 三 季 入 伙 。

長 實 執 行 董 事 趙 國 雄 稱 , 近 期 多 個 新 盤 以 市 價 推 售 , 能 售 出 七 成 、 甚 至 售 罄 , 反 映 港 人 鍾 情 置 業 , 慧 豪 廷 料 會 以 市 價 開 售 , 首 批 會 以 優 惠 價 推 出 , 而 市 場 近 期 同 時 有 多 個 新 盤 開 售 , 除 令 樓 市 興 旺 外 , 亦 有 助 增 加 市 場 透 明 度 。

一 期 業 主 反 價 封 盤
同 區 二 手 方 面 , 中 原 王 樹 明 表 示 , 慧 豪 廷 銷 售 如 箭 在 弦 , 一 期 慧 豪 園 的 業 主 紛 紛 反 價 或 封 盤 , 令 上 月 屋 苑 交 投 呈 膠 狀 態 , 全 月 僅 錄 12 宗 成 交 , 按 月 減 少 45% , 其 中 1 座 高 層 H 室 , 面 積 797 方 呎 ,成 交 價 193.8 萬 元 , 呎 價 2,432 元 , 而 該 盤 現 有 約 300 個 二 手 放 盤 , 大 部 分 業 主 採取 觀 望 態 度 , 而 議 價 空 間 較 之 前 收 窄 3% 至 5% 。

另 外 , 何 文 田 半 山 壹 號半 山 徑 27 號 一 個 高 層 單 位 , 市 傳 剛 以 呎 價 近 1.1 萬 元 易 手 , 成 交 價 料 約 2,400 萬元 , 較 原 業 主 一 手 購 入 價 逾 3,400 萬 元 , 帳 面 虧 蝕 約 1,000 萬 元 , 物 業 貶 值 約 30% 。

另 新 世 界 發 展 (00017) 的 元 朗 翹 翠 峰 , 發 展 商 有 機 會 最 快 於 今 日 派 發 價 單 。
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Old April 7th, 2009, 11:25 AM   #652
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Developers urged to educate public
6 April 2009
Hong Kong Standard

Property developers should do more to tell the public what they are doing and to seek their views, rather than depend on the government, according to Council for Sustainable Development chairman Bernard Charnwut Chan.

Chan said developers build homes for the public, yet do so without consulting them.

``It's like going to a supermarket which has already preselected the goods you should buy,'' he told The Standard.

Most people have the impression, he said, that developers work only in their own interests, and aim at monopolizing the commercial sector. ``But in addition to making occasional donations and encouraging their staff to do volunteer work, developers should also do more public education.''

Chan has been chairing the council since March. Others in the 20-member council include Cheung Kong (Holdings) managing director and deputy chairman Victor Li Tzar-kuoi.

``Public education should not be solely done by the government, otherwise it will be accused of collusion with, and defending the interests of, the business sector,'' Chan said.

``Every company has the responsibility to become involved in public education _ especially the developers.''

Chan said Japanese developer Mori Building, famous for its urban redevelopment Roppongi Hills project, has done a good job on public education. While erecting numerous high-rise structures, the developer has also taken pains to explain the rationale behind them and seek public support.

It has also engaged the public in dialogue and the formulation of development plans. Chan said developers should listen to the views of the users, and to understand what kind of living environment the public wants.

``It is the public who buys and lives in the apartments. Why is it that our living environment has been dictated by the developers?'' he asked.

Chan, who is also the chairman of the Advisory Committee on Revitalization of Historic Buildings, said he will consider making public all submissions once they are received in bidding exercises, so as to avoid the dispute that arose over the decision to grant a US school the right to revitalize the former North Kowloon Magistracy.

The offer to Savannah College of Arts and Design greatly angered Liza Wang Ming-chun, head of losing bidder the Chinese Artists' Association.

``High transparency will increase the credibility of the committee, even though some may fear their ideas may be copied by others,'' Chan said.
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Old April 7th, 2009, 07:00 PM   #653
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^all these feel-good messages about 'educating' the public will ultimately lead to more nuanced PR by the development community and its vassals. if the developers wanted to educate the public, would they go all out and talk about the developers' need to maximize their investment returns?

ideally a non-biased third party, via several checks of accountability can publicize the dynamics of the development process. these materials are all readily available at public libraries, yet people in general would rather devote their time to celebrity gossip and shopping for luxury items.

this isn't a smear at hong kong's architecture or urban planning, both of which have talented practitioners and good guidelines in place. instead, the council for sustainable development reeks of collusion with the development community itself. it's like advocating for the tobacco industry to explain itself to its consumers.
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Old April 8th, 2009, 03:46 AM   #654
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Quote:
Originally Posted by particlez View Post
^all these feel-good messages about 'educating' the public will ultimately lead to more nuanced PR by the development community and its vassals. if the developers wanted to educate the public, would they go all out and talk about the developers' need to maximize their investment returns?

ideally a non-biased third party, via several checks of accountability can publicize the dynamics of the development process. these materials are all readily available at public libraries, yet people in general would rather devote their time to celebrity gossip and shopping for luxury items.

this isn't a smear at hong kong's architecture or urban planning, both of which have talented practitioners and good guidelines in place. instead, the council for sustainable development reeks of collusion with the development community itself. it's like advocating for the tobacco industry to explain itself to its consumers.
Fully agree. I am very skeptical over how developers will 'educate' / mislead the public. We know very well the best advocate to improve living conditions is actually government building codes and regulation. I don't think we should give that responsibility for profit-driven developers to move forward and raise the bar.
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Old April 8th, 2009, 09:40 AM   #655
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great places huh...

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Old April 8th, 2009, 06:47 PM   #656
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聖保祿醫院第一期重建 by 鄧麗欣之戀 from skyscrapers.cn :

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Old April 9th, 2009, 03:12 AM   #657
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$450m cash incentive for greener buildings
Hong Kong Standard
Thursday, April 09, 2009

Building owners are to be encouraged to make their properties more energy efficient via a new HK$450 million government fund launched yesterday.

Environmental and Conservation Fund chairman David Lung Ping-yee said more than 1,600 projects will be subsidized, creating business and job opportunities in electrical, mechanical, building services and environmental engineering.

Lung, who is also a professor of architecture at Hong Kong University, said the city's commercial and residential buildings consume 90 percent of total electricity generated and improving their energy efficiency will significantly reduce greenhouse gas emissions.

The funding scheme provides incentives to owners to conduct energy-cum-carbon audits and energy efficiency projects.

Funding will be capped at HK$150,000 for audits and HK$500,000 for energy efficiency projects in individual buildings.

Applications for a cluster of buildings will have their subsidies set at half of the total approved cost but this will not be subject to a ceiling.

Friends of the Earth director Edwin Lau Che-feng said electricity use could be cut by 10 percent to 15 percent, saving 3.56 billion kilowatt-hours annually along with 2.67 million tonnes of carbon dioxide, or nearly 10 percent of total emissions, if all buildings complied with the current voluntary energy-saving measures.

Lau said mandatory building energy codes should be brought in this year, adding that retrofits will allow building managers to recoup 20 percent of energy costs over a building's life span.

Electrical and Mechanical Services Department chief engineer for energy efficiency Li Kwok- keung said the response from the private sector to the voluntary scheme was not satisfactory as nearly three-quarters of the 867 buildings registered last year were from the public sector.

The mandatory scheme being mulled will apply to all new commercial buildings as well as common areas in residential and industrial buildings.

Participating buildings will be issued with a certificate which will have to be be renewed every 10 years.

The scheme will not apply to 40,000 existing buildings until they are retrofitted, while commercial buildings of more than 499 square meters of floor space will have be audited.
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Old April 9th, 2009, 09:48 AM   #658
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Architect's prefab solution for HK
8 April 2009
South China Morning Post

A British architect believes he may have developed a lower-cost housing solution for Hong Kong.

Tony Kettle, group director of British-based RMJM Architects, has designed a prefabricated housing unit that he claims is not only relatively cheap and quick to build but also inexpensive to run.

Needing only shallow foundations, a MiLoft block takes five months to build, twice as fast as conventional housing, and can be built to a maximum of 18 storeys.

"It is all about minimum cost, minimum assembly time and minimum energy use," he said. "This is about quality as well. It is about creating the type of environment that you would like to live in."

A conventionally built, six-storey apartment building in Britain or Hong Kong costs between £1,000 and £1,100 per square metre to build, according to Mr Kettle. That compares with a cost of £900 to £1,000 per square metre for a MiLoft building because of the savings in construction time and standardisation of components.

Units would be manufactured so that walls, doors and windows can be made sufficiently tight-fitting to give high levels of insulation, according to Mr Kettle.

This would mean lower running costs than other Hong Kong flats, because they needed fewer air-conditioners and dehumidifiers running in summer.

An energy-saving mechanical ventilation heat recovery system will be used, the first time this had been done for flats. Invented by Max Fordham Consulting Engineers, the technology reuses hot or cold air to regulate temperature.

"This is a new concept as it combines high-quality space with low energy, highly insulated apartments with high levels of airtightness and unitised construction at an affordable price," he said.

Fully glazed on one side, natural daylight can flood through the contemporary-looking apartments, helping to reduce lighting costs.

RMJM launched MiLoft at the MIPM property industry conference in Cannes, France last month. European politicians, developers and housing executives are taking an interest in it. Although the concept has not been marketed in Asia yet, early interest has been encouraging.

"Last week, I saw a Chinese bank and they seemed to really like it," Mr Kettle said. "Their eyes lit up."
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Old April 9th, 2009, 01:49 PM   #659
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I haven't seen anything mentioned about this on here yet:



it's a new hotel tower for PolyU by the tunnel entrance in TST. already well under construction and rising fast. Architects are Rocco Design, the people behind most of new TST as we know it - one peking, the peninsular extension, that building with the canon sign on it and iSquare. No info on how big this one is but it'll look enormous next to it's small neighbours.

more info on the Rocco site: http://www.roccodesign.com.hk/institutional.htm

progress is currently at the point of the first bridging between the two lower wings. massive already.
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Old April 10th, 2009, 07:57 AM   #660
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New homes offered at big discounts
8 April 2009
South China Morning Post

Competition among property firms has intensified, with Cheung Kong (Holdings) set to offer its development in Tin Shui Wai at more than 10 per cent below secondary-market prices to undercut a rival project in Yuen Long.

As Cheung Kong releases the first batch of 24 units at its 1,068-unit Central Park Towers, Phase II, in Tin Shui Wai, it is selling the cheapest unit at HK$2,066 per square foot compared with the average secondary-market price of HK$2,470 per square foot in Phase I.

While the average price for the 24 units at Central Park Towers is HK$2,205 per square foot, the cheapest unit is being offered at HK$1.36 million.

"It is a surprisingly low price and the first time since Sars that a developer is selling units in a new project at a rate below secondary-market prices," said Willy Liu Wai-keung, a managing director of Ricacorp Properties. Cheung Kong was adopting a fire-sale strategy to generate volumes, he said.

Mr Liu expects Central Park Towers to start official sales this week.

The offer comes on heels of rival New World Development offering yesterday the first batch of 30 units in 672-unit Emerald Green in Yuen Long at an average price of HK$2,929 per square foot - 20 to 30 per cent below the current prices in the area.

About 150 units at Emerald Green have been sold at HK$2,600 to HK$4,000 per square foot so far.

Analysts said developers were seeking a low-price strategy as 1,740 units would be put up for sale in Yuen Long and Tin Shui Wai this week.

Richard Lee Chi-shing, the chief executive of Hong Kong Property Services, said Cheung Kong's strategy would attract market attention and draw buyers away from other developments.

"If it gets a strong response, the developer will increase prices for the following batch," he said.

He said he believed Cheung Kong could raise prices by 10 to 15 per cent for the remaining units if the price cuts achieved the desired result.

Ng Wai-kwok, deputy sales manager at Midland Realty's Tin Shui Wai branch, said the development had elicited considerable interest. "We have received enquiries from some investors who wanted to buy two or three units," he said.
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