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Old April 24th, 2012, 07:52 AM   #1381
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This thread would be 100x better with renderings...
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Old April 26th, 2012, 05:49 AM   #1382
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Grand Metro near Prince Edward MTR has just been completed (green building)
Website : http://www.grandmetro.com.hk/





- 123 Prince Edward Road West
- 30 storeys (goes up to 39/F)
- residences start on 5/F, skipping 13,14,24,34/F
- refuge floor on 17/F
- 60 residential units
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Old April 28th, 2012, 08:47 AM   #1383
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Tenders invited for Happy Valley Underground Stormwater Storage Scheme
Thursday, April 5, 2012
Government Press Release

The Drainage Services Department (DSD) today (April 5) invited tenders for the contract for the Happy Valley Underground Stormwater Storage Scheme. The works under the contract are scheduled to commence in July this year for completion in February 2018.

The works mainly comprise:

* construction of an underground stormwater storage tank with a capacity of 60,000 cubic metres and a pump house with a pumping rate of 1.5 cubic metres per second at Happy Valley Recreation Ground;

* construction of a twin-cell box culvert about 400 metres long and with internal cell dimensions of 2m high by 4m wide;

* associated works including modification of an existing box culvert, construction of a stilling basin, a fan room and an access manhole, and drainage and sewer diversion works;

* electrical and mechanical works; and

* reprovision of the sport pitch surface and landscaping works.

Interested contractors can obtain the tender forms from the Drainage Projects Division, Drainage Services Department, 45/F, Revenue Tower, 5 Gloucester Road, Wan Chai.

The invitation to tender was gazetted today and the closing time for the tender will be noon on May 18, 2012. Tender submissions should be placed in the Government Secretariat Tender Box at G/F, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar.

This contract will adopt the New Engineering Contract (NEC) with Engineering and Construction Contract (ECC) Option C as the form of contract. For enquiries, please call 2594 7401.
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Old April 30th, 2012, 06:29 PM   #1384
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A new construction next to APM in Kwun Tong (3/4) :





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Old May 3rd, 2012, 10:08 AM   #1385
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Repulse Bay plot fails to meet hype
The Standard
Thursday, May 03, 2012

A Repulse Bay residential site belied forecasts of a new SAR record for price per buildable square foot, settling for the lower end of market estimates instead.

The 46,700-square-foot plot near 110 Repulse Bay Road was sold for HK$1.67 billion, or HK$39,672 per buildable sq ft.

That is at the lower end of estimates, which stood between HK$39,300 and HK$45,400 per buildable sq ft.

The winning tender came from a subsidiary of Tai Cheung Holdings (0088).

The price failed to beat the record set by a 79,148 sq ft plot on 12 Mount Kellett Road in 2006. Sun Hung Kai Properties (0016) had bought the site on The Peak for HK$42,196 per buildable sq ft.

"The Repulse Bay site went to Tai Cheung, which had stopped adding sites to its land bank for quite some time," Cushman & Wakefield's national director of valuation, Vincent Cheung Kiu-cho, said.

"Big developers were not very aggressive [on this site], as many of them may be looking for a higher profit margin from non- luxury projects."

A 38,837 sq ft site at Tuen Mun, however, performed in line with expectations, being snapped up by Emperor International (0163) for HK$180 million, or HK$4,635 per buildable sq ft.

Estimates had put the price between HK$117 million and HK$250 million.

"It can be built into low-density detached houses of about three stories each, for which there is some demand," Midland surveyors director Alvin Lam Tsz-pun said.

Meanwhile, Cheung Kong (Holdings) (0001) executive director Justin Chiu Kwok-hung said the developer does not plan to step up new-flat launches in the second-half.

"Our plan is to put 3,500-4,000 units on the market per year, and we will follow that," Chiu said.

Cheung Kong plans to put The Beaumont on the market by the end of June.

The 1,777-unit Tseung Kwan O project, awaiting government pre-sale approval, consists mainly of two- and three-bedroom units sized between 650 and 1,000 sq ft.

Prices will be in the same range as secondary market homes nearby.
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Old May 6th, 2012, 12:56 AM   #1386
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A new hotel in the hip and trendy area of town incorporates cool colours

http://www.worldarchitecturenews.com...pload_id=19667









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Old May 6th, 2012, 03:49 AM   #1387
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wowo, beautiful hotel!
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Old June 8th, 2012, 11:42 AM   #1388
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Tenders open for MTR homes site
The Standard
Wednesday, May 30, 2012

MTR Corporation (0066) has started to take tenders from developers for the housing project at Tai Wai Station.

The 521,107-square-foot site is designated for non-industrial use and has a total gross floor area of 2.88 million sq ft. Of that, 2.05 million sq ft must be used for residences that could provide about 2,900 homes.

Another 667,360 sq ft will be designated for commercial use, while the remaining 161,458 sq ft will house a post- secondary college. Earlier this month, at least 15 developers expressed interest in the project site, which is expected to fetch between HK$10.9 billion and HK$14.4 billion, or HK$4,000 to HK$5,000 per buildable sq ft.

"The project does not carry any stipulations on flat size or flat numbers, which makes it more flexible," said Midland Surveyors director Alvin Lam Tsz- pun.

Dennis Lam Wai-keung, assistant district director of Centaline Property Agency, said the transportation network is likely to be attractive to future buyers. "Future flats can cost up to HK$12,000 per square foot," he said.

Lam added many homeowners in the area have become aggressive after seeing overwhelming interest from developers for the site. Some have even withdrawn flats to wait for the tender result.

Secondary flats at Festival City 1 are now being quoted at HK$7,636 psf.

Tenders must be submitted for the Tai Wai site by June 22.

Several developers are gearing up to launch more units. Emperor International (0163) said yesterday it plans to put The Prince Place in Prince Edward on the market by next week.

The 36 units of between 543 and 1,248 square feet are expected to generate more than HK$300 million.

Specialty flats will cost an average HK$17,000 psf.

Kowloon Development (0034) will also put another 18 units at Gardenia in Shum Shui Po on the market soon. The units - sized 370 sq ft and 665 sq ft - are priced at HK$10,203 psf.
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Old June 10th, 2012, 07:38 PM   #1389
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LCQ1: Manpower supply and demand in construction industry
Wednesday, May 23, 2012
Government Press Release

Following is a question by the Hon Li Fung-ying and a reply by the Secretary for Development, Mrs Carrie Lam, in the Legislative Council today (May 23):

Question:

With the commencement of the 10 major infrastructure projects (MIPs) one after another, the manpower demand in the construction industry will rise continuously. Some contractors are eager to put forward requests for importation of foreign labour, and some members of the labour sector are gravely concerned that the Government will ultimately give green light to the importation of foreign labour. In this connection, will the Government inform this Council:

(a) apart from the studies commissioned by the Development Bureau (DEVB) and the Construction Industry Council (CIC) in 2007 and 2008 respectively on manpower supply and demand in the construction industry in the next few years, whether the authorities have specifically assessed the trades and skills required by the 10 MIPs in order to organise as early as possible the relevant training courses for the construction industry; if they have, of the details; if not, the reasons for that;

(b) whether the authorities have any mechanism in place to coordinate the progress of the works of the 10 MIPs so as to avoid contractors of various works projects commencing similar works at the same time and competing for the employment of labourers of the trades concerned, thus creating a man-made manpower shortage; if they have, of the details; if not, the reasons for that; and

(c) whether the authorities have a set of objective criteria for assessing the manpower supply and demand in respect of the various trades required by the 10 MIPs; if they have, of the details; if not, the reasons for that?

Reply:

President,

With the commencement of the 10 MIPs and other construction works, the demand for construction manpower will indeed continue to increase. In the past few years, the DEVB, in collaboration with the CIC and other stakeholders including contractors, trade associations, labour unions, has adopted a multi-pronged approach in meeting the manpower needs with a view to ensuring adequate and stable supply of local manpower resources and to nurturing a high quality construction workforce. Importation of labour will not be considered lightly.

My reply to the three parts of Hon Li's question is as follows:

(a) To prepare for the rolling out of various construction projects including the 10 MIPs, the DEVB and the CIC have, in the past few years, conducted a number of manpower studies. Apart from the studies in 2007 and 2008 mentioned in the question, the DEVB conducted, with industry major stakeholders, a manpower workshop in June last year to comprehensively review the results of the 2007 and 2008 studies and to further assess the construction manpower situation. At the end of last year, the CIC also updated the study on construction workers and supervisors / technicians taking into account the latest economic and manpower situation. In the middle of this year, the CIC will also engage consultants to assess the supply and demand situation of local professionals, workers and supervisors / technicians in the coming 10 years. As the 10 MIPs only constitute part of the public works projects and they are not launched concurrently, these manpower studies would not only assess the manpower demands for the 10 MIPs but also for the overall construction industry including both the public and private sectors.

In brief, the results of the above completed or commenced studies all indicate that there is an adequate overall supply of workers in the coming five years but individual trades would face manpower shortage or ageing problem. As for the following five-year period (between 2015 and 2020), it is projected that there would be manpower shortage.

In this connection, the CIC has been, over the past few years, launching new training courses from time to time to cater for the latest manpower demand for different trades and new skills in the industry e.g. for Tower Crane Worker's Assistant and Ground Investigation Operator's Assistant etc. Moreover, considering that the CIC may not be able to provide training for some trades that involve specialised construction methods, require special site conditions or large scale machines, the CIC has launched since 2009 the "Contractor Cooperative Training Scheme" whereby participating contractors will employ trainees on a "first-hire-then-train" basis and arrange them to receive relevant skill training on site. Such an arrangement not only offers more training opportunities but also provides training courses with the above-mentioned special requirements. To date, the Scheme has successfully equipped local workers with the requisite skills for specific trades, such as shotfirers and tunnel boring machine operators, to meet the manpower demand arising from various works projects including the 10 MIPs.

(b) The 10 MIPs by no means constitute all of the public works projects. Nor are they all in construction stage at the same time. Among them, the Kai Tak Development, the Hong Kong-Zhuhai-Macao Bridge, the Guangzhou-Shenzhen-Hong Kong Express Rail Link, the South Island Line, the Tuen Mun-Chek Lap Kok Link and the Shatin to Central Link projects are either under construction or would shortly commence. As regards the rest of the 10 MIPs, they are currently still at different planning stages with their construction timeframe still under review.

The HKSAR Government appreciates the importance of implementing public works projects in an evenly and orderly manner. Since the Administration of the current term announced the 10 MIPs in 2007, it has closely monitored the construction industry's delivery capacity to avoid bunching of projects. To this end, we have adopted many measures, which include ensuring that the capital works expenditure is maintained at a reasonable but affordable level in the medium term from a macro public finance management perspective; and implementing major projects in stages. For example, we have implemented the Kai Tak Development project in stages of priority. The first stage is anticipated to be completed by 2013 with the whole project scheduled for completion by 2021. The Administration and the CIC will from time to time keep in view the progress of the various works projects and their impact on the manpower demand of the construction industry. Appropriate measures will be taken and necessary training will be provided in good time to ensure that there is an adequate supply of manpower resources to meet the latest demand of the works projects.

(c) In the consultancy studies on the manpower supply and demand of the construction industry commissioned by the Administration and the CIC respectively, the projected manpower demand is evaluated based on the forecast construction outputs of various types of public and private works projects that are underway or in the pipeline; and the manpower information of the relevant types of previous works projects. The projected manpower supply is derived from the information provided by the Construction Workers Registration Authority, the Census and Statistics Department, training institutes and manpower surveys. The projected manpower supply and demand of different trades can then be assessed. The CIC also maintains close liaison with the construction industry and regularly updates the manpower situation in the light of periodic reviews on the latest economic condition and manpower market, with a view to adjusting its initiatives and training programmes timely to better meet the manpower demand of the construction industry.
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Old June 14th, 2012, 04:36 AM   #1390
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Safe harbor for Wharf
The Standard
Wednesday, June 06, 2012

Wharf Holdings' (0004) ship is going to continue to come home at Ocean Terminal.

For the firm has finally struck a deal with the government to pay a lower-than-estimated land premium of HK$7.9 billion to renew the lease on the property for another 21 years.

The developer said it accepted the terms of the renewal on Monday - the previous lease was due to expire on June 16.

The lease covers No83 Kowloon Permanent Pier and the Ocean Terminal Lot, which houses Harbour City.

Opened in 1966, the warehouse-turned-shopping mall is the biggest of its kind in Asia.

Many who work at one of Hong Kong's iconic retail spots said they are happy to see Wharf gain a fresh lease on the property.

"I've been working in a beauty parlor in Ocean Terminal for 20 years. I'm afraid I will lose the job should it close down," said Joyce Wong, 63.

Under the new lease agreement, the maximum gross floor of the area is 85,572 square meters or 922,165 square feet, compared with 658,000 sq ft under the old one.

Wharf is also allowed to develop a four-story building adjacent to the terminal for cruises and commercial facilities under the new contract.

The HK$7.9 billion premium means Wharf pays HK$376.19 million each year or HK$408 psf, which is about 40 percent lower than its neighbors.

After-tax net rental income from the terminal was HK$587 million last year.

Therefore, the land premium is lower than expected as earlier Credit Suisse expected Wharf to pay the government about HK$9 billion for renewing the lease while CLSA estimated the figure would even be higher, HK$12.5 billion.

Citi, Nomura and Credit Suisse were among the brokerages that raised net asset value per share of Wharf by HK$3-HK$5 on news of the renewal.

But lawmaker James To Kun-sun criticized the renewal as yet another example of collusion between the government and the business sector.

"How was that HK$7.9 billion figure reached without a tender process? It's not a market price and is much cheaper than neighboring premises."

To said he will force the next administration to provide more details on operational costs.

Wharf's shares rose as much as 4.8 percent during morning trading yesterday before closing 1.5 percent higher at HK$39.80.
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Old June 14th, 2012, 06:52 AM   #1391
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wow amazing
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Old June 14th, 2012, 06:53 AM   #1392
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thanks for all the updates
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Old June 16th, 2012, 05:37 AM   #1393
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Building on the future
The Standard
Monday, June 11, 2012

Financial Secretary John Tsang Chun- wah is urging more young people to join the construction industry.

Of course, detractors will say Tsang is a fine one to talk, having studied architecture in the United States before switching to public administration and joining the civil service.

But Tsang, who was checking on progress made on the Central-Wan Chai Bypass and Island Eastern Corridor Link, remains a planner. Latest figures are worrying. Of Hong Kong's 300,000 construction workers, less than 40 percent are registered, 40 percent are aged over 50, while only 6 percent are younger than 25. And that adds up to trouble for HK$62.3 billion worth of projects that the sector will see during the upcoming fiscal year.
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Old June 18th, 2012, 04:57 AM   #1394
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LCQ20: Demand for public medical services
Wednesday, May 30, 2012
Government Press Release

Following is a question by the Hon James To Kun-sun and a written reply by the Secretary for Food and Health, Dr York Chow, in the Legislative Council today (May 30):

Question:

The statistics of the 2011 Population Census reveal that the population of Hong Kong continued to grow older during the last 10 years, and the number of people aged 65 and over had exceeded 940 000, representing approximately 13% of Hong Kong's total population. With a growing elderly population, the demand for healthcare services will increase. In this connection, will the Government inform this Council:

(a) given that in reply to a question from a Member of this Council on January 11, this year, the authorities indicated that having considered the information submitted by the Hospital Authority (HA), the Government had accepted in principle the proposals on the redevelopment of Kwong Wah Hospital and Queen Mary Hospital, and the redevelopment plans of Yan Chai Hospital and Caritas Medial Centre had also been initiated, whether the authorities have any plan at present to redevelop other hospitals; if so, of the plan;

(b) given that the Chief Executive announced in the 2008-2009 Policy Address that the Government would explore the concept of Community Health Centres (CHCs) as one of the policy initiatives on enhancing primary care, and the first CHC was set up in Tin Shui Wai in the first half of 2012, when the Government will review this policy initiative and set up CHCs in other districts; of the relevant details;

(c) whether the Government will, in the coming five years, construct additional general or specialist outpatient clinics for use by the grassroots; if so, of the breakdown by year and district;

(d) given that the public housing estates in the Kai Tak Development Area are expected to accommodate approximately 34 000 residents, and the first batch of units will be available for occupation in 2013, whether the Government will, in response to the growing population of the district, establish additional public clinics or public hospitals in the district, or strengthen the connections between hospital clusters, so as to cater for the healthcare needs of additional residents in Kowloon East; if so, of the details;

(e) given that there will be an upsurge in the demand for healthcare personnel, the Chief Executive stated in the 2011-2012 Policy Address that $200 million would be allocated to increase the number of first-year first-degree places in medicine by 100, nursing by 40 and allied health professions by 146, but, with the redevelopment of the hospitals referred to in (a), whether the Government needs to train additional healthcare personnel, so as to meet the manpower needs after the completion of redevelopment; if so, of the details; and

(f) given that the Chief Executive-elect stated in his policy platform that in order to respond to changes in society such as an expected ageing population, HA should embark on an overall review of its management and staff systems, working hours, cost benefits and service levels in accordance with its own positioning, whether it knows if HA is conducting similar studies at present, so as to enhance the cost-effectiveness in using resources; if HA is conducting such studies, of the details?

Reply:

President,

(a) The Hospital Authority (HA) reviews the conditions of the structures and facilities of its 41 public hospitals annually in order to prioritise and allocate resources for the implementation of various maintenance and improvement works. In planning for the redevelopment of existing hospitals as necessary, HA will take into account the future population growth and demographic changes in different regions, the demand for healthcare services, the overall provision of healthcare services in the various clusters under HA, the conditions of the hospitals' structures and facilities, HA's long-term objectives and strategies for its overall service development, as well as the development of public and private healthcare services. Before the implementation of any redevelopment project, HA has to carry out preliminary planning work, including various preliminary technical assessments to ascertain the project's technical feasibility.

In the past years, we have obtained funding approval from the Legislative Council (LegCo) for various capital works projects, including expansion, redevelopment, relocation and renovation of existing hospitals, improvement of various hospital facilities and equipment, and constructions of new hospitals. For the existing term of the Government, the LegCo Finance Committee has approved a funding of over $9.7 billion for implementation of seven capital works projects on hospital facilities. The capital works projects which will be completed in the next five years include Phase I of the North Lantau Hospital, the Redevelopment of Caritas Medical Centre Phase 2, the Redevelopment of Yan Chai Hospital and the Tin Shui Wai Hospital. Moreover, HA will soon commence the necessary detailed planning and design for taking forward the redevelopment of Kwong Wah Hospital and Queen Mary Hospital and the expansion of United Christian Hospital.

(b) In the face of challenges posed by ageing population, rising medical costs and increasing demand for healthcare services, the Government is now making efforts to take forward the healthcare reform with enhancement of primary care being the first and foremost task. We have formulated a development strategy for implementation through various fronts to enhance the primary care in Hong Kong, including exploration of different feasible models for delivery of primary care services as well as devising and launching appropriate pilot projects such as setting up of community health centre (CHC) and networks to promote the provision of community-based primary care services through collaboration among various sectors. The first CHC in Hong Kong based on this model will commence operation in Tin Shui Wai in June 2012. We will review the effectiveness of this service delivery model with reference to the operational experience of the CHC in Tin Shui Wai and further explore ways to extend similar services to other districts in need of enhanced primary care services having regard to the planning of other services.

(c) Public general out-patient (GOP) services mainly target at low-income individuals, the elders and chronic disease patients. Patients taken care of by GOP clinics can be mainly divided into chronic disease patients with stable conditions and episodic disease patients with relatively mild symptoms. In order to improve public primary care services, to provide enhanced support to chronic disease patients and to raise the public's awareness about their health, the Government has rolled out a series of chronic diseases management programmes through HA. These include the provision of health risk assessments and specific care for patients with diabetes mellitus or hypertension by multi-disciplinary teams of healthcare professionals so as to reduce the risk of complications among these patients and the number of their attendances at clinics so that more quota can be made available in GOP clinics for episodic disease patients. Besides, HA is also implementing a series of measures, including renovation and facilities upgrading at existing GOP clinics, actively hiring more staff and improving the workflow in the clinics etc., in order to enhance its services and service capability.

In addition, a number of HA hospital construction/redevelopment projects are now underway for provision of additional/enhanced specialist out-patient services in the next five years. These include the North Lantau Hospital Phase 1, the Redevelopment of Caritas Medical Centre Phase 2, the Redevelopment of Yan Chai Hospital and the Tin Shui Wai Hospital. We will continue to monitor the demand for primary care services in each district and make flexible deployment of manpower and other resources having regard to the relevant factors, so as to provide the local community with appropriate public primary care services.

(d) In planning for provision of public healthcare services, HA takes into account a number of factors, including the projected demand for healthcare services having regard to population growth and demographic changes, the growth rate of services of individual specialties and the possible changes in healthcare services utilisation pattern etc. To cope with the increasing service demand in the Kai Tak Development Area, HA has allocated additional resources to the Kowloon East (KE) Cluster and Kowloon Central (KC) Cluster for provision of additional services in the past few years.

For KE Cluster, the expansion of Tseung Kwan O Hospital (TKOH) will be completed in 2013. By then, 178 additional beds will be provided and the number of consultation rooms in the specialist out-patient department will increase to 70. Other services and facilities of TKOH will also be expanded accordingly to meet its increased service capacity. The United Christian Hospital will also be expanded. Its expansion is expected to be completed in 2021. New facilities and services to be provided under the expansion project include a cancer centre for the KE Cluster, an ambulatory centre and rehabilitation/convalescent beds. Facilities such as the accident and emergency department, intensive care unit, operation theatres and specialist out-patient clinic will also be expanded. Other additional or enhanced services provided in the past few years include setting up a new cataract centre in TKOH, enhancement of clinical oncology services, and introduction of palliative care for patients with end stage renal disease etc.

Services of various departments will also be strengthened under HA's KC Cluster, including more long-term dialysis treatment for end-stage nephrosis patients, extension of the service hours of the primary Percutaneous Coronary Interventions service, enhancement of the service of the diabetic care centre, implementation of a new mode of service delivery for positive emission tomography scan and computerised tomography scan services etc. HA will also open additional beds in the cardiac care unit and the neonatal intensive care unit and establish a new adult blood donor centre at Queen Elizabeth Hospital (QEH), and plan for the reprovisioning of Yaumatei Specialist Clinic at QEH so as to meet the growing demand.

(e) In view of the manpower requirements for healthcare professionals, for the three years starting from 2012, the Government will allocate an addition of $200 million to increase the number of first-year first degree places in medicine by 100 to 420 per year, nursing by 40 and allied health professional by 146.

In addition, based on the outcome of the Second Stage Public Consultation on Healthcare Reform, the Government has set up a high-level steering committee, chaired by the Secretary for Food and Health, to conduct a strategic review on healthcare manpower planning and professional development in Hong Kong. It has also invited the University of Hong Kong to conduct, by scientific and objective methods, a comprehensive manpower projection for healthcare professions covered in the strategic review. In making the projection, we will take into account the increase in demand for healthcare arising from the ageing population, changes in the delivery model of healthcare services, and the new and the additional demand brought by the service reform in the healthcare sector etc.

(f) HA constantly keeps its management structure under review in an effort to ensure that overall it can provide quality healthcare services to the public in a more effective manner.

In 2007, HA conducted a review on the cluster management structure which was formally implemented in 2001. In early 2011, HA further followed up on the cluster structure review conducted in 2007. After thorough consultation, HA made further improvements on the cluster management structure by streamlining and standardising the existing roles of the management positions in all clusters, service re-engineering, as well as appointment of Deputy Hospital Chief Executives and designated Specialist Clinical Co-ordinators and Cluster Service Directors in order to define more clearly the powers and responsibilities of all hospitals and departments under each cluster and facilitate efficient delivery of appropriate and holistic services to the public.

The HA Head Office also conducts review on its structure and related issues from time to time. After a review on its structure in 2006, the HA Head Office re-shuffled the business areas of its various divisions and established a Quality and Safety Division, a Strategy and Planning Division, and a Cluster Services Division. In 2011, HA commissioned a consultant to conduct a follow-up review on the structure of the HA Head Office which was reorganised in 2006. HA is now implementing the consultant's recommendations step by step to further strengthen the HA Head Office's functions in cluster co-ordination, corporate communications, staff communications and grade management. In addition, subsequent to the review, HA has proceeded to set up a consolidated corporate risk management framework to identify and handle the potential risks faced by HA in its various business areas.

To ensure the best use of resources for delivery of quality services to the public, HA has been adopting an approach that integrates its service planning and resource allocation through a structured framework and defined process. As for service planning, the drawing up of the annual plans at hospital and cluster levels is guided by the overall direction and priority service planning at the corporate level. Both the HA budget and the resource allocation among hospital clusters are put to the Finance Committee and the Administrative and Operational Meeting of the HA Board for consideration and endorsement. The allocation of resources within each cluster is essentially based on the service programmes and targets as defined in the process of drawing up the annual plan.

HA has also put in place a resource management framework, under which resource inputs are linked up with service outputs, targets and quality standard, enabling the HA Head Office to monitor and evaluate the use of resources at cluster level in an objective manner through a financial and performance reporting system. The clusters are requested to submit regular reports to the HA Head Office to show its performance indicators in regard to its service activities, manpower and financial situation, clinical outcome and progress of its annual plan. HA will examine closely any variations from the pre-determined targets and where appropriate, take remedial actions with corresponding adjustment in resource allocation.

Generally speaking, HA will continue to keep its structure and operation under review taking into account such relevant factors as demographic changes, the trend of diseases and public expectations. It will also keep abreast of the latest developments to enable appropriate adjustments to be made in an effort to provide quality services to the community.

As a matter of fact, HA has already implemented an array of new services in New Territories West and Kowloon East in response to changes in service demand. For example, the New Territories West Cluster has increased 150 beds since 2010, opened additional beds in the neonatal intensive care unit and an Autologous Haemopoietic Stem Cell Transplant centre in the Tuen Mun Hospital; and newly opened a CHC in Tin Shui Wai for provision of primary care services. For Kowloon East Cluster, apart from the expansion on TKOH and United Christian Hospital, other additional or enhanced services provided in the past few years include the addition of about 100 beds, setting up a new cataract centre in TKOH, opening of blood transfusion centre for adult thalassaemia patients in UCH, enhancement of clinical oncology services, and introduction of palliative care for patients with end stage renal disease etc. This demonstrates that HA has the determination and ability to advance with the times and provide the public with quality services.
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Old June 20th, 2012, 05:02 AM   #1395
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Live shell drama on building site
The Standard
Wednesday, June 20, 2012











Police yesterday evacuated more than 200 people from their homes and offices after a World War II artillery shell was discovered at a Causeway Bay construction site.

Workers came across the Japanese shell near a busy road in the neighborhood.

After the Island Eastern Corridor was closed and the people evacuated, the shell was safely detonated, sending debris, shell fragments and smoke into the air.

"I believe that if it actually had exploded accidentally, people nearby would have been injured," police chief inspector Peter Ip said. "The shell had been fired so it was very unstable."

It was unearthed at a Highways Department site on King Ming Road around 11am.

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Ip added that the corridor had to be closed as there was a danger the shell could explode when moved from the site to a trench where it was to be detonated.

The corridor, from Victoria Park Road to Man Hong Street, was closed for an hour.

Around 60 residents from Victoria Centre, 160 workers from the Food and Environmental Hygiene Department transport section, and the construction site were evacuated.

A Victoria Centre resident surnamed Cheng said a security guard came to the flat and asked them to leave.

She, her helper and a baby girl then went to a nearby restaurant.

An advertising agency worker surnamed Leung said there were about 30 people evacuated from their first-floor office.

Some residents said they did not know why they were being evacuated.

Ip said a number of wartime explosives have been discovered in North Point in the past.
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Old June 21st, 2012, 05:27 AM   #1396
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$1b Tseung Kwan O plot up for grabs
The Standard
Thursday, June 21, 2012

A plot in Tseung Kwan O, on which more than 300 residential units can be built, opens for tender tomorrow carrying a price tag of HK$1.19 billion.

The site of 54,099.41 square feet, or 297,550 sqft in gross floor area, must provide between 360-378 units. The accommodation value is estimated at HK$4,000 psf. The tender closes on July 27.

Meanwhile, hotel operator and property developer Emperor International Holdings (0163) and New World Development (0017) have expressed interest in forming a consortium to bid for MTR Corp's (0066) Tsuen Wan West Bayside residential development. Sun Hung Kai Properties (0016) is also considering a bid.

The large lot area of about 4.29 hectares is meant for 2,384 flats, of which 1,235 may not exceed 538 sq ft. The site is estimated to be worth between HK$7.3 billion and HK$9.5 billion, or an accommodation value of HK$3,300 to HK$4,250 psf.

The MTCR revived the tender, which will close on Wednesday, after having withdrawn it in January.

Meanwhile, three developers - SHKP, Kerry Properties (0683) and Paliburg Holdings (0617) - denied reports that they have taken possession of shipyards near a project in Ap Lei Chau that they co-developed.

The site is opposite Larvotto, a high-end residential project co-developed by the three developers.
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Old June 24th, 2012, 06:48 AM   #1397
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Measures to encourage data centre development in industrial buildings open for application
Sunday, June 24, 2012
Government Press Release

The Financial Secretary announced in the 2012-13 Budget two measures to encourage data centre development through optimisation of industrial buildings or industrial lots. The two measures will be open for application tomorrow (June 25).

The two measures are:

(1) the Government will exempt the waiver fee for applications approved for changing parts of an industrial building into data centre use submitted by owners of industrial buildings located in "Industrial", "Commercial" or "Other Specified Uses (Business)" zones aged 15 years or above; and

(2) for development of high-tier data centres involving lease modification on industrial lots, the Government will assess the premium for the lease modification on the basis of high-tier data centre use for the data centre part of the proposed development.

"Interested parties may refer to the Lands Department LAO Practice Note No. 3/2012 (www.landsd.gov.hk/en/legco/lpn.htm) for details on the application criteria and the necessary supporting documents. They are also advised to engage competent professionals to assist them in submitting applications," a spokesman for the Office of the Government Chief Information Officer (OGCIO) said.

All applications must be submitted to the Lands Department by March 31, 2016. For more information on government initiatives to facilitate development of data centres, please visit the thematic portal of the Data Centre Facilitation Unit of OGCIO (www.datacentre.gov.hk).
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Old June 25th, 2012, 05:00 AM   #1398
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Red carpet for Beaumount
The Standard
Monday, June 25, 2012

Web : http://www.thebeaumount.com.hk/

The latest Cheung Kong (Holdings) (0001) project - The Beaumount in Tseung Kwan O - was well received with up to 1,100 parties placing checks to reserve flats since Friday.

Cheung Kong will release its first price list on the scheme today. Some flats are expected to cost around HK$6 million, or about HK$7,000 per square foot.

More than 100 units, mostly three- bedrooms, will be ready for sale at the earliest from Thursday. On their second day of opening, the showflats attracted 10,000 visitors on Saturday.

In view of the favorable market reaction, Cheung Kong has extended the 2percent discount offer on the price for the first 100 buyers to the first 200. The 1,777-unit project is comprised of two- and three-bedroom flats ranging from 650 to 1,000 square feet.

Separately, Henderson Land (0012) has received 50 checks from prospective buyers to reserve flats at its High West project at Sai Wan.

Meanwhile, secondary home transactions slowed over the weekend. Centaline recorded 12 transactions at the 10 benchmark projects, down from 13 last week.

Three housing estates saw no deals including Taikoo Shing, Laguna City and City One Sha Tin.

"As more developers are releasing new homes close to the market price, many secondary home buyers are turning to the primary market," said Louis Chan Wing- kit, Centaline managing director for residential sales.

Prospective buyers are also taking a wait- and-see attitude as the new government is likely to implement more housing policies.
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Old June 26th, 2012, 05:21 PM   #1399
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Cheung Kong sets low flats price
The Standard
Tuesday, June 26, 2012



In a sales ploy aimed at attracting secondary market buyers Cheung Kong (Holdings) (0001) priced 446 units of The Beaumount in Tseung Kwan O at HK$5,617 per square foot yesterday, which is below second-hand flat prices in the district.

Among the units priced yesterday were three-room flats of between 915 and 1,001 sq ft.

The cheapest flat costs HK$4.81 million. When sales start Thursday, buyers paying cash are being offered a 5 percent discount. "The price is about 4.3 percent lower compared to projects in the secondary market nearby. The project could lure buyers from the secondary market," Cheung Kong executive director Justin Chiu Kwok- hung said.

Over the next few days more units will be released at prices between HK$7,000 and HK$8,000 psf, Chiu added.

Responding to reports that there was no mention of an industrial facility in front of the property, Chiu suggested that potential buyers read the sales brochure carefully. According to real estate agents 500 checks had been received yesterday to reserve units, bringing the number to 2,000 since last week.

The 1,777-unit project provides two- and three-bedroom flats sized between 650 and 1,001 sq ft.

Three-room flats in The Capitol - the first phase of Cheung Kong's Lohas Park development, are selling at HK$5,600 psf in the secondary market.

The Capitol, first sold in 2008, is just a few blocks away from The Beaumount. The average price of flats in Lohas Park stood at HK$5,670 psf, Midland Realty said in a research note issued yesterday.

Centaline Property Agency director for New Territories Chris Wong Ho- chung said the incentives offered by Cheung Kong may drag down prices of secondary apartments by up to 10 percent.

Chiu said Cheung Kong sold 1,400 flats so far this year, booking HK$12 billion.

Sales consent is pending on four projects, including a 200-unit project on Lai Chi Kok Road.
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Old July 4th, 2012, 06:12 AM   #1400
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Developer puts prices up 10pc
The Standard
Wednesday, July 04, 2012

Cheung Kong Holdings (0001) plans to increase prices of the next batch of The Beaumount units it will release to the market by as much as 10 percent.

The Tseung Kwan O project has already recorded more than 500 transactions since sales started on Friday, generating HK$2.7 billion.

The prices for 136 three-room units were released on Monday night. Each unit is seeking an average of HK$5,614 per square foot, up 1 to 3 percent from previous batches. They will be available for sale by tomorrow at the earliest.

"More three-room units will probably be released next week, with a 5 to 10 percent price increase. Two- room units will be released in the next quarter," Cheung Kong Real Estate director William Kwok Chi-wai said.

More than 90 percent of the buyers are local, while the remaining are from the mainland including Guangzhou and Shenzhen.

Twenty percent of the flats were bought for long-term investment.

The project consists of a total of 1,777 units, ranging from 650 to 1,000 square feet.

The latest data show that during the first half of the year, 37,587 new mortgage loans were drawn down - 24.50 percent lower than the second half of 2011.

The number of new mortgage loans in June dropped 2.3 percent from May to 9,384.

"Such downward adjustment will continue into July as the new government has not announced its concrete housing policies and more new properties are yet to come to the market," mReferral Mortgage Brokerage Services said in a note.

"As mortgage rates and market share of small- to medium-sized banks and large banks are becoming similar, more attractive mortgage plans may be introduced by large banks in the second half of the year."

The number of equitable mortgages - loans obtained for uncompleted property in the first half of the year - jumped 42.4 percent to 2,403 from the second half of 2011.

The number of equitable mortgages drawn down for June is 512, up by 57.1 percent from May.

Bank of China (3988) obtained the largest market share for both mortgage loans and equitable mortgages in the first half of the year, capturing more than 20 percent of each segment.
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