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Old August 22nd, 2012, 12:31 AM   #1441
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This is a wonderful information! is really informative for me. I liked it very much.
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Old August 22nd, 2012, 04:57 AM   #1442
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$1b plan gives elderly, disabled welcome lift
The Standard
Wednesday, August 22, 2012

A multimillion-dollar plan is under way to build elevators at footbridges and pedestrian subways to help the elderly and those with disabilities.

Chief Executive Leung Chun-ying announced the scheme yesterday after visiting the St James' Settlement's Central and Western District Elderly Community Centre.

He said work has already started at 10 locations in Southern District, Kowloon City, Sham Shui Po, Kwai Tsing, North District, Sha Tin and Tsuen Wan.

In the first year HK$100 million will be spent, and this figure will eventually reach HK$1 billion to build all the 220 sites within a time frame of three years.

Instead of asking the Legislative Council's Finance Committee for funding each time, the government plans to set up a central fund to pay for the scheme.

"This is a huge social investment, but I believe the elderly or people with disabilities will support our plan," Leung said.

But former lawmaker Fernando Cheung Chiu- hung, a lecturer at Hong Kong Polytechnic University's department of applied social sciences, said Leung's plan is not new.

"Barrier-free access facilities have been discussed for years but the government has done nothing to execute these plans," he said.

Though he welcomed the start of the work, Cheung said the government should also concentrate on more urgent issues such as building more day centers and increasing admission quotas for the mentally disabled.

Hong Kong currently has 56 day activity centers and "it takes 10 years or more to be admitted into one," he said.

CSSA and Low Income Alliance community officer Au Yeung Tat-chor said the government should have done the work on making facilities more accessible years ago.

"It seems like the chief executive has picked an easy job to do," he said. "Our chief executive should have the vision to propose bigger policies that our society really needs."

Secretary for Transport and Housing Anthony Cheung Ping-leung said any proposal to build such facilities at private and MTR properties besides those at public estates would be welcomed.

Residents can call 1823 to suggest which pedestrian subways and footbridges need elevators before October 31.

The bureau will refer these proposals to the relative district councils.
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Old August 23rd, 2012, 12:02 PM   #1443
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Hong Kong West Drainage Tunnel commissioned
Wednesday, August 22, 2012
Government Press Release



The Chief Secretary for Administration, Mrs Carrie Lam, said today (August 22) that the commissioning of the Hong Kong West Drainage Tunnel (HKWDT) is a significant step forward in alleviating the flooding risk in areas including Central, Admiralty, Wan Chai and Causeway Bay and hence the upgrading of the overall flood protection level of Hong Kong Island.

Officiating at the commissioning ceremony of the HKWDT at the tunnel's eastern portal at Tai Hang Road, Wan Chai, this morning, Mrs Lam said, "As the largest flood prevention project of the Drainage Services Department (DSD), the HKWDT's main drainage tunnel is the longest in Hong Kong and the largest in diameter. The tunnel can effectively intercept about 30 per cent of the stormwater in northern Hong Kong Island for discharge into the sea off Cyberport, bringing the flood protection level of the drainage system in northern Hong Kong Island to new heights."

The HKWDT was constructed using a number of cutting-edge technologies. In order to minimise the disturbance caused by road excavation in urban areas for constructing sewers, a tunnel was built at the Mid-levels for intercepting and channelling stormwater. To shorten the construction period, tunnel boring machines were employed to excavate the main tunnel while the drill-and-blast method was applied simultaneously for excavating multiple adits, which was unprecedented in Hong Kong. The project has also for the first time extensively used the bottom-up excavation technology for excavating drop shafts, allowing excavated spoil to be carted away through the tunnel. This greatly reduced construction noise and dust, and the vehicular flow of construction trucks on roads, thus improving nearby environmental and traffic conditions during the construction phase. As a result of the use of these innovative technologies and the exemplary achievements in tunnel construction, the project won the International Tunnelling Award 2011, organised by British engineering magazines New Civil Engineer and Ground Engineering.

The $3.4 billion project, which commenced in November 2007, comprises an 11-kilometre-long main tunnel extending from Tai Hang to Cyberport, adits measuring 8km in total length, and 34 intakes at ground level.

Co-officiating at the ceremony, the Secretary for Development, Mr Paul Chan, said, "The DSD has made remarkable achievements in the past 20 years in formulating flood prevention strategies and implementing related works. Taking the latest land development plan and various factors such as climate change into consideration, the department is now reviewing the drainage master plans throughout the territory in phases in order to identify further improvement works."

A number of large flood prevention projects under the DSD are due for completion in the near term, including the Lai Chi Kok Drainage Tunnel and the Tsuen Wan Drainage Tunnel. Advance works for the Happy Valley Underground Stormwater Storage Scheme were launched in 2011. These projects will further enhance Hong Kong's overall ability to withstand flooding.

Other officiating guests at today's ceremony included the Permanent Secretary for Development (Works), Mr Wai Chi-sing; the Director of Drainage Services, Mr Chan Chi-chiu; the Chairman of the Wan Chai District Council, Mr Suen Kai-cheong; the Chairman of the Central and Western District Council, Mr Yip Wing-shing; and the Vice-Chairman of the Southern District Council, Mr Chan Fu-ming.
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Old August 23rd, 2012, 12:09 PM   #1444
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Developers poised to bid for two sites
The Standard
Thursday, August 23, 2012

Two residential sites in Tseung Kwan O and Ma On Shan were opened for tender yesterday.

The two plots together are expected to provide a maximum of 1,093 units and fetch the government up to HK$5 billion.

The 160,905-square-foot site in Tseung Kwan O has a gross floor area of 563,168 sq ft.

About 85.7 percent, or 482,715 sq ft, is to be used for the construction of a maximum of 630 units.

Property agents Midland Realty and Centaline estimate the site to cost HK$2.54 billion, or HK$4,500 psf.

The selling price of the units is likely to be around HK$7,500 psf upon completion, said James Cheung King-tat, director of Centaline Surveyors.

The second site for tender yesterday, in Ma On Shan, has a maximum ground floor area of 561,963 sq ft and around 463 units can be constructed.

Market estimates put the value of the site at HK$2.25 billion, or HK$4,000 psf.

"Developers are expected to keenly bid for the tender as prices have hit record highs," said Jones Lang LaSalle managing director Joseph Tsang.

Tenders for the two sites must be placed between September 28 and November 2.
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Old August 26th, 2012, 09:32 AM   #1445
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Henderson gains despite slow sales
The Standard
Thursday, August 23, 2012

Henderson Land (0012) reported 5percent growth in first-half underlying profit even though it sold fewer homes in the period from a year ago.

The developer, controlled by tycoon Lee Shau-kee, said interim profit - less paper gains from property revaluation - stood at HK$3.59 billion in the six months to June 30, up HK$161 million from a year earlier.

An interim dividend of 32 HK cents per share was declared, 2 HK cents more than a year back. Including sales at associate firms, the group booked HK$4.33 billion of revenue from property sales in the first half, which was down 45percent year on year.

Net profit fell 12percent to HK$7.73 billion from HK$8.82 billion.

E-trade Plaza in Chai Wan was mostly sold out after construction of the office building was completed in May.

Three of Henderson's latest projects in the mainland also accounted for a large number of sales.

It also presold 133 boutique units in the High West project in Mid-Levels, generating HK$770 million.

Second-half plans are to launch schemes totaling about 4,000 units.

Henderson said it has a residential land bank in excess of 10 million square feet in Hong Kong, including eight projects in the process of redevelopment.

Meanwhile, it will be acquiring as many as 37 urban redevelopment projects, with a total potential gross floor area of 2.88 million sq ft.

Net rental income for the group rose 22percent year on year in the first half to HK$2.4 billion, amid healthy local growth in both office and retail rents.

Earlier, Hong Kong and China Gas (0003), or Towngas, which is 40percent owned by Henderson Land, reported a 28percent growth in interim profit to HK$4.12 billion.

Separately, subsidiary Henderson Investment (0097) saw interim profit plunge 59percent to HK$23 million as it withheld booking in toll-fee income from a bridge in Hangzhou because of a dispute with the local government.
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Old August 27th, 2012, 09:07 AM   #1446
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Quote:
Originally Posted by hkskyline View Post
Developers poised to bid for two sites
The Standard
Thursday, August 23, 2012

Two residential sites in Tseung Kwan O and Ma On Shan were opened for tender yesterday.
Tseung Kwan O site





Ma On Shan site




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Old August 28th, 2012, 10:49 AM   #1447
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Rosedale Hotel Kowloon opens its doors in Tai Kok Tsui, Hong Kong
Press Release


Black and white on the bottom left.

19 July 2012 – Rosedale Hotel Group is delighted to announce the new opening of Rosedale Hotel Kowloon today. Located in the Tai Kok Tsui district, this new stylish 30-storey hotel offers 435 simple and modern rooms, providing comfortable accommodation to both business and leisure travelers. Dedicated to sustainable development, the hotel was designed with being environmentally responsible in mind.

High Accessibility
This four-star business hotel offers strategic access to MTR subway station, Olympic Station, and major business locations and tourist attractions. The Hotel also provides excellent communications facilities including complimentary wireless Internet access throughout the hotel as well as digital enhanced cordless telephone (DECT) in each room for guests to use within the hotel premises.

Hospitality
“Rosedale Kowloon vows to extend the commitment of providing quality hospitality services as all other Rosedale hotels.” said Louis Cheng, the General Manager of the Hotel. “We provide complimentary shuttle bus service for our guests, reaching popular shopping malls in Mongkok and Tsim Sha Tsui; in regards of the common use of iPhone, an integrated iPod/iPhone docking station is placed in every guestroom for guests’ convenience.”

Eco-Friendliness
Cheng also explained a crucial element of the hotel, “Our guests have made us realize the importance of being green, and we are targeting to be Hong Kong’s first LEED certified hotel, striving for a Gold rating.” Rosedale Kowloon demonstrates their eco-friendliness in many aspects: many green features incorporated into the building while designing the hotel to boast water and energy reduction; abundance use of reused materials for indoor decorations; the extensive usage of LED lightings, choosing recyclable paper for printed materials, and using eco-friendly amenities, just to name a few.

Dining Features
Dining in Rosedale Hotel Kowloon is highlighted by Sonata Western Restaurant and Skyzone Deck & Lounge. Located on the 2nd floor, Sonata Western Restaurant offers breakfast, semi lunch buffet, dinner, and room service menus in a sophisticated setting. Located on the top floor, Skyzone Deck & Lounge offers an outdoor rooftop area as well as an indoor bar and lounge. Guests can gather with friends and share a barbeque dinner over the dramatic views of Hong Kong’s skyline, inside the lounge or out on the deck.

Rosedale Hotel Kowloon marks the second Rosedale Hotel in Hong Kong and the fifth Rosedale Hotel across China. With its convenient access to public transportation, environmentally friendly features and facilities, and exceptional attention to detail, Rosedale Kowloon will surely be a new favorite among frequent travelers to Hong Kong.
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Old August 28th, 2012, 06:17 PM   #1448
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nice dev!
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Old August 28th, 2012, 08:20 PM   #1449
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An update on a residential development in Sham Shui Po :

Quote:
Originally Posted by Car L View Post
Gardenia 景怡峯 (see post 961)





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Buildings that don't get posted often (HK) Part I or here | Part II or here | Part III | Part IV | Part V
Artistic decorations inside and outside of the buildings
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Old August 29th, 2012, 09:55 AM   #1450
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Action stations as MTR tender opens
The Standard
Wednesday, August 29, 2012





A residential development worth HK$1.68 billion next to Long Ping Station North will be available for tender starting today.

The 106,600-square-foot site in Yuen Long, the tender for which closes on September 5, will have a gross floor area of about 523,933 sq ft in four towers.

At least 832 units have to be built, of which 75 percent must be less than 538 sq ft.

Vincent Cheung Kiu-cho, director for valuations at Cushman & Wakefield, estimates the flats will sell at about HK$6,900 per square foot.

The project must also include a home for the elderly and an elderly care center.

MTR Corp said the developer will have to make the payment in a lumpsum and complete the project by 2018.

The terms are seen as attractive because no profit has to be shared with MTRC and also because the property sector remains robust.

This was attested by K Wah International Holdings (0173) yesterday, which said interim net profit soared 6.1 times higher to HK$2.9 billion from a year earlier.

Its shares jumped nearly 10 percent on the strong results to HK$3.33.

Chairman Lui Che-woo suggested people buy property to hedge against inflation. He believes more land supply from the government can help tame rising property prices.

Overall, the group's revenue rose 2.3 times to HK$2.84 billion.

Earnings per share soared six times to HK$1.1251. An interim dividend of five HK cents was declared, compared to two HK cents a year ago.

Separately, Sun Hung Kai Properties' (0016) residential project Century Gateway atop the Tuen Mun MTR station will be available for sale next week.

The developer has said that four- bedroom units will be launched first, with an asking price of HK$13,000 psf.

Additionally, Wing Tai Properties (0369) said net profit fell 66.86 percent year on year to HK$451.9 million in the first half, mainly due to lower investment gains.

An interim dividend of 4.2 HK cents per share was declared, compared to 3.8 HK cents last year. Revenue for the first half was HK$652.7 million, down 29.17 percent from a year ago.
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Old August 29th, 2012, 08:29 PM   #1451
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"Weaving New City-Fabric - Noise Mitigation/Retaining Structure Design for Tsuen Wan Bypass" competition concludes successfully
Wednesday, August 29, 2012
Government Press Release

The Director of Civil Engineering and Development, Mr Hon Chi-keung, said today (August 29) that construction of the Tsuen Wan Bypass and the widening of Tsuen Wan Road will help meet the needs of the future traffic growth stemming from rapid development in the north-western New Territories including Tsuen Wan District and its surrounding areas.

Officiating at the awards presentation ceremony of the "Weaving New City-Fabric - Noise Mitigation/Retaining Structure Design for Tsuen Wan Bypass" competition, Mr Hon said, "Tsuen Wan Road is a major trunk route that connects Tuen Mun Road and Kwai Chung Road running through Tsuen Wan and Kwai Tsing Districts. Upgrading Tsuen Wan Road will enable the road networks in the two districts to cater for traffic demand in the future."

Organised by the Civil Engineering and Development Department, the "Weaving New City-Fabric - Noise Mitigation/Retaining Structure Design for Tsuen Wan Bypass" competition aimed at exploring design opportunities for the Tsuen Wan Bypass noise mitigation measures and retaining walls and enhancing public participation. Fifty-eight proposals were received in the Professional and Open Groups. Concepts of the winning entries will be incorporated into the detailed design of the construction project.

Mr Hon was impressed by the high quality and innovativeness of the design concepts of the entries. The Head Juror, Mr Graeme Harvison, also found the entries to be full of diversity and creativity with uniqueness.

Other officiating guests included the Chairman of the Kwai Tsing District Council, Mr Fong Ping, and the Chairman of the Tsuen Wan District Council, Mr Chan Iu-seng.

Please refer to the Annex for the lists of winners. Information on all the entries is available at the competition website (www.twbnoisemitigation-design.hk). Members of the public can also visit the roving exhibition of the winning entries from September 1 to December 31. Admission is free. Please visit the competition website for details.

Awardee list of "Weaving New City-Fabric - Noise Mitigation/Retaining Structure Design for Tsuen Wan Bypass"
http://gia.info.gov.hk/general/20120...0339_99315.pdf

Winning entry of the Open Group


Winning entry of the Professional Group
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Old August 31st, 2012, 05:01 AM   #1452
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Sha Tin luxury is worth a fortune
The Standard
Friday, August 31, 2012





Wing Tai Properties Ltd (0369) and Manhattan Holdings have outbid nine other developers to win a land parcel in Sha Tin for HK$3.04 billion.

But the land premium came within market expectations.

Some of the SAR's top developers, including Cheung Kong Holdings (0001) and Sun Hung Kai Properties (0016), bid for the site.

The consortium plans are for low-density luxury homes, and it expects to complete construction by 2016.

"We are optimistic about the development outlook of the project as there has always been a shortage of supply of new luxury homes in the Kau To area," said Manhattan general manager Patrick Chow Kwok-choi.

In all, HK$5 billion will be invested in the project.

The 212,050-square-foot site in Kau To averaged HK$9,551 per square foot, about 9 percent lower than what CSI Properties (0497) paid for an adjacent plot in May.

The site, designated for private residential purposes and with a maximum gross floor area of just over 318,000 square feet, does not have any restrictions on flat sizes and numbers.

"The site is located in a traditional luxury area and has the flexibility on size and number," said Victor Lai Kin-fai, managing director of Centaline Surveyors.

The price paid, he added, "reflects developers' confidence in the market."

The last time Wing Tai and Manhattan linked was to build and launch The Hillgrove in Tuen Mun in 1999.

Another plot, 55,973 sq ft at Peng Lei Road at Ping Chau, was sold for HK$80.8 million to Well Power Electronics, which outbid seven other developers. The non-industrial land was sold for about HK$1,444 psf, which was more than the market anticipated.

"The higher-than-expected price was probably due to the bidders' focus on the value of the commercial area in the plot," Lai explained.

The maximum gross floor area is 55,973 sq ft, with from 20,667 to 34,445 sq ft for residential purposes.

A nearby land plot with a seaview - also on Peng Lei Road - went to Sino Land (0083) for HK$516 psf in March.

Both sites awarded yesterday are under a 50-year land grant.
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Old September 1st, 2012, 05:01 PM   #1453
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Homes action
The Standard
Friday, August 31, 2012

New steps to cool the red-hot housing market were announced yesterday as Chief Executive Leung Chun-ying presented a package of 10 short and medium-term measures.

In the longer term, Leung said, the Lands Department and Department of Justice are looking into formulating the legal framework for the "Hong Kong land for Hong Kong people" policy which he pledged during the chief executive election.

Initially, there will be five short-term measures:

The sale of 830 Home Ownership Scheme surplus flats, 825 of which are at Tin Chung Court in Tin Shui Wai. Applications will begin early next year.

The 1,000 units in Tsing Yi originally planned for the "rent-to-buy" program - also known as My Home Purchase Plan - by the Hong Kong Housing Society will be sold to buyers earning HK$40,000 or less a month at a discount to the market price. Details will be given later.

Applications for pre-sale consent will be speeded up to release 65,000 flats in the private market over the next three to four years.

Sites providing 2,650 flats will be included in the land sale program for October to December. About 1,760 of the flats are from six sites and no fewer than 894 are from the MTR's residential project at the Tsuen Wan West station on the West Rail Line.

A Chai Wan industrial building will be converted into a public rental block of 180 units next year. The Urban Renewal Authority will launch two pilot schemes next year to redevelop industrial buildings into flats and commercial offices.


Leung said the government is concerned about the heated property market, given the sluggish global economy and high liquidity in international markets.

"We will closely monitor the property market and at an appropriate time we will launch more initiatives" to meet citizens' housing needs, he said.

The government has decided to sell the flats under "a rent-to-buy" scheme to address housing needs immediately.

Housing minister Anthony Cheung Bing-leung said people who want to buy the surplus HOS flats in Tin Chung Court will not be affected by management fee disputes between the incumbent owners' committee and the Housing Authority. The authority will take responsibility if the case goes to court.

Five medium-term steps are:

The government wants to sell the remaining 4,000 "rent-to-buy" scheme units planned by the previous administration.

The URA's Kai Tak sites marked for flat swaps in redevelopment projects will be handed over to Housing Authority for HOS projects.

A leisure site in Cheung Sha Wan will be used for 2,300 public rental homes so the provision of such units can be put forward two years.

A total of 36 sites, zoned for "government, institution and community" uses, will be used for private and public housing projects to provide about 11,900 units.

Town planning procedures will be streamlined to speed up Housing Authority and URA projects to rejuvenate industrial buildings for homes.


Leung said the the legal framework for a "Hong Kong land for Hong Kong people" policy, under which developers can sell flats only to Hongkongers, is being examined.

Leung said a new steering committee led by Cheung will look into housing needs of different sectors.
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Old September 3rd, 2012, 02:54 PM   #1454
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Dorms test for students
The Standard
Thursday, August 30, 2012

As the three-year tertiary education system switches to a four-year one, the chronic shortage of university student accommodation will intensify. The Education Bureau estimates there will be a shortfall of 13,600 housing units in the 2014-15 academic year - up from a shortage of 2,883 units for 2012-13.

Every summer, students scramble to rent flats near universities. "There are quite a lot of student tenants looking for flats in single towers or even old buildings near Hong Kong Polytechnic University's halls of residence," said Sunrise Property branch manager Man Siu-chun.

At the United Building, in the vicinity of PolyU's student hostel in Hung Hom, a furnished 600-square-foot three- bedroom flat is leased at HK$12,500 per month to mainland students, Man said.

Students only need to pay about HK$1,000 a month at PolyU's halls. In the New Territories, two-bedroom flats close to the Sha Tin MTR station are popular with students, as the location is just two stops away the Chinese University of Hong Kong. It is also convenient for those studying at Hong Kong Baptist University and City University of Hong Kong, both in Kowloon Tong, and PolyU.

"Flats in the Wai Wah Centre are all two-bedroom units and more functional than two-bedroom flats split from one- bedroom ones, so they are rather popular among mainland students. But they will be snapped up very quickly," said Midland Realty assistant district manager Patrick Ng Chi-fung.

A middle-level 483-sq-ft unit at the Sha Tin town center estate was recently leased to mainland students for HK$11,800 a month.

CUHK dormitory space costs about HK$955 to HK$2,756 per month, while Baptist charges about HK$890 to HK$1,233. Rents at CityU range from HK$1,140, based on double occupancy, to HK$1,740 for single occupancy.

In Tuen Mun, Parkland Villas is a popular choice among Lingnan University students. "Rents for a 500-sq-ft unit rose from HK$6,700 a month last year to HK$7,500 now," a property agent said.

Some students seeking cheaper flats will go to The Sherwood, one Light Rail stop away from Lingnan U. Recently, two foreign students jointly leased a 531-sq-ft unit for HK$7,200 a month. Dorm fees at Lingnan range from about HK$900 to HK$1,125 per month.

Amid rising rents, some mainland students have been finding ways to reduce their financial burden, such as subleasing part of their rental units to others. But such practices contravene the Hotel and Guesthouse Accommodation Ordinance, and three mainland post-graduate students were recently fined HK$3,000 each, and ordered to perform 120 hours of community service.

The three had advertised via the internet, offering accommodation at their flat to individuals at HK$150 per night.

One of the possible causes for the subleasing trend is that most universities are admitting 30 percent of their students from the mainland - the upper limit allowed by the government - leading to the rise in the number from across the border.

Baptist, PolyU, Lingnan, and the Open University of Hong Kong received a total of about 10,900 mainland student applications for the coming academic year - a 21 percent jump year- on-year.

Due to the change in the tertiary education system, there will be an estimated 15,000 students each year looking at entering university. Institutions are actively looking for solutions to the student housing shortage.

"Six university dormitory projects will be completed before September, providing a few thousand places," said University Grants Committee chairman Edward Cheng Wai-sun.

The Hong Kong University of Science and Technology in Clear Water Bay even invites property agencies on campus to serve students looking to rent flats.

"The university has been providing interest-free loans for students to pay agency fees and rental deposits since May. Students in need can apply once only, and repay the loan before graduation in installments," said HKUST associate provost Tam Kar-yan, who urged other universities to offer similar loans.

Meanwhile, Wong Chun-pong, president of the Hong Kong Institute of Education's student union, criticized the Education Bureau for not providing enough land and funding to build more university dormitories. He hopes Secretary for Education Eddie Ng Hak-kim will deal with the issue.

In fact, the government already reserved one plot each at Tseung Kwan O and Ma On Shan several years ago to build residences for students attending various universities. The plots will provide 520 and 2,160 places, respectively.

"The University Grants Committee is discussing with the Education Bureau a proposal to apply six to seven sites to building university dormitories," Cheng said. "Tai Po, Tseung Kwan O, Sai Ying Pun and Shau Kei Wan have suitable plots."

He hopes to get land and funding from the government to provide 6,000 more places by 2018.
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Old September 6th, 2012, 05:18 AM   #1455
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Hospitals for middle class in the offing
The Standard
Wednesday, September 05, 2012

Two "middle-class private hospitals" are expected to be built in Wong Chuk Hang and Tai Po.

The news came as Secretary for Food and Health Ko Wing-man said that public and private hospital systems must develop hand in hand, and not compete at the expense of each other.

Tenders for the Wong Chuk Hang and Tai Po facilities - part of four earmarked for the development of private hospitals - closed in July, Ko said, and their results will be known by the end of the year or early next year.

Ko said he is keeping an open mind on possible changes to the "strict" tender criteria depending on how it goes with the first two projects.

He said standards used in the process "reflect the administration's intention of having these new private hospitals as middle-class private hospitals, not luxury ones."

Land premiums only account for 30 percent of the assessment, with Ko conceding that "the 70 percent set aside for technical criteria has been criticized as being too stringent."

The way forward is to have a "balanced and sustainable development of the dual-track hospital system."

Ko also admitted the brain drain of medical staff is partly due to misapprehensions that the government favors the development of the private sector.

Ko said an important plank in the dual-track system is the proposed voluntary Health Protection Scheme, details of which are being worked out by PricewaterhouseCoopers. Key features of the scheme and the critical volume that it needswill be in the PwC report.

The latter, he said, will be the number of people needed for the scheme to have an impact, which means convincing a significant number of people to go from the public to the private sector.

Ko is confident of the scheme's passage through the Legislative Council even if the economy sees a downturn.

"It's more important for Hong Kong people to see that there is a need to take care of their own future medical care because by 2030 we will have one quarter of people in the elderly range," he said.

The turnover rate for doctors in the year ending March was 4.8 percent, compared to 5.2 percent previously.
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Old September 6th, 2012, 06:33 AM   #1456
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Bigwigs among 16 keen on - $1.9b Long Ping MTR site
The Standard
Thursday, September 06, 2012



A site atop the Long Ping MTR West Rail station - with an estimated price tag of up to HK$1.9 billion - has drawn the interest of 16 developers.

Cheung Kong Holdings (0001), Sun Hung Kai Properties (0016) and Henderson Land Development (0012) are among heavyweight firms that submitted letters of intent for the 106,564 square foot Yuen Long site yesterday.

The site, on the northern end of the MTR station, is estimated to be worth between HK$1.57 billion and HK$1.89 billion, or HK$3,000 to HK$3,600 per square foot.

The price is similar to that of a 132,827 sq ft nearby site snapped up by Cheung Kong in March last year for HK$2.41 billion, or HK$3,629 psf.

"It is within our expectation to see so many developers including some mid- size firms being drawn to bid for the site as the land price is moderate and the project does not require a huge investment," Centaline Surveyors managing director Victor Lai Kin-fai said.

Mid-size developers including Paliburg (0617), Wing Tai Properties (0369) and Wheelock (0020) have also expressed interest in the site, which will yield a gross floor area of 523,938 sq ft and accommodate four towers providing up to 832 flats in all. The average size of units is expected to be about 630 sq ft.

Up to 75 percent of the flats cannot have a net floor area of more than 538 sq ft and the winning developer must also build an elderly care center over a total of 18,665 sq ft.

The site is expected to be sold by next month. Another nearby plot - Long Ping south - will open for tender next quarter and could yield up to 720 flats. Jones Lang LaSalle Greater Pearl River Delta research head Marcos Chan Kam- ping said he does not think new government housing measures due will affect developer interest in Long Ping south.

But managing director Joseph Tsang Hon-ping said the "Hong Kong land for Hong Kong people" policy, which will bar mainlanders from buying units in certain projects, could temper the interest of developers at future land auctions.
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Old September 6th, 2012, 08:06 PM   #1457
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Gardenia 景怡峯
Shek Kip Mei, Kowloon

7/14



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Old September 7th, 2012, 03:39 PM   #1458
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Government awards largest New Engineering Contract for major works of DSD's Happy Valley Underground Stormwater Storage Scheme
Wednesday, September 5, 2012
Government Press Release





The Drainage Services Department (DSD) today (September 5) signed an agreement with the contractor for the major works of the Happy Valley Underground Stormwater Storage Scheme (HVUSSS), marking a new milestone in the development of the flood prevention project for the Wan Chai and Happy Valley districts. Involving various innovative and eco-friendly features, the $678 million scheme is also the biggest New Engineering Contract (NEC) project ever awarded by the Government. It is scheduled for completion in early 2018.

The Permanent Secretary for Development (Works), Mr Wai Chi-sing, and the Director of Drainage Services, Mr Chan Chi-chiu, witnessed the signing of the contract by the Deputy Director of Drainage Services, Mr Tsui Wai, and the President of Chun Wo Construction and Engineering Co Ltd, Mr Derrick Pang.

The HVUSSS mainly includes the construction of an underground stormwater storage tank at the Happy Valley Recreation Ground with a capacity of 60,000 cubic metres, which is equivalent to the total volume of about 24 standard swimming pools, as a temporary storage tank for stormwater runoff collected during heavy rainstorms in a bid to substantially reduce the flow to the downstream drainage system and thereby alleviate flooding risk.

The HVUSSS sees the first application of an automated monitoring system for controlling the stormwater flow diverted from the upstream drainage system to the storage tank, which results in the use of a smaller storage tank. The shallow tank design also enables the water pump to consume less energy and reduces construction time and costs in addressing the needs for both flood prevention and environmental protection. The design won the 2012 International Water Association Project Innovation Awards (East Asia Regional Awards) in the Planning Category in July.

Mr Wai said, "The HVUSSS is the largest NEC project awarded by the Government so far. The NEC emphasises mutual trust and co-operation between the contracting parties and has provisions that increase cost-effectiveness and reduce risk. In drafting the NEC contract for the HVUSSS, the DSD duly expanded the authority of the project manager for handling more flexibly any risks that may arise from the scheme. The HVUSSS project has also adopted the use of tailor-made computer software to upgrade management efficiency."

He added, "The Development Bureau and the works departments are actively planning more than 20 NEC construction and consultancy contracts with a total value of over $8 billion to be commenced in the coming three years in phases. In the years ahead, the volume of public works will remain at a high level and the construction costs will keep growing. We expect to further increase efficiency and reduce the costs of our projects through the NEC mode."
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Old September 8th, 2012, 05:37 PM   #1459
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No foreigners allowed
The Standard
Friday, September 07, 2012

The resale of flats under the "Hong Kong land for Hong Kong people" policy will be restricted to permanent residents for 30 years - and they cannot be resold to companies.

Chief Executive Leung Chun-ying spelled out the rules yesterday as he revealed 1,100 flats on two plots totaling 1.6 hectares on the old Kai Tak airport site in Kowloon City will be the first to be sold.

The policy aims to rein in exuberant mainland buyers who have helped drive up property prices.

But property experts said the move is unlikely to cool down the property market yet.

"Hong Kong's land for property is a rare and precious resource," Leung said after visiting the Kowloon East site. "When using this land, we must make it a priority to fulfill the housing needs of Hong Kong permanent residents."

The sites will be on sale in an open tender in the first quarter of next year. The terms will stipulate that homes "will be only sold to Hong Kong permanent residents for the first 30 years," Leung said.

There will be no other restrictions and it will be up to the developers to decide when the flats may be sold.

If the buyers are a married couple, both must be permanent residents.

Secretary for Development Paul Chan Mo-po said the government will continue to roll out more land for sale under the policy, based on the situation in the property market.

Secretary for Transport and Housing Anthony Cheung Bing-leung said the Housing Society and Urban Renewal Authority are expected to follow the policy. Leung proposed "Hong Kong land for Hong Kong people" in his election manifesto after mainlanders snapped up flats, driving up property prices.

But Leung denied the government has rushed out the policy, saying "citizens have given positive responses to the policy manifesto."

A member of the Housing Authority's subsidized housing committee, Michael Choi Ngai-min, said: "If the restriction period is too long, or even if the flats are not allowed for resale, it will turn those flats into another type of property. It is not ideal for the entire market and will also label the flats."

Surveyor Tony Chan Dung-ngok estimates the two Kai Tak plots of 880,388 square feet will be worth HK$4.4 billion, with an accommodation value of about HK$5,000 per square foot.

"The cost would be 40 percent higher if they were not under the scheme," Chan said.

Cushman & Wakefield valuation advisory services Greater China national director Vincent Cheung Kiu- cho said the measures will not help cool the property market in the short-term.

As the sites are in a prime area, "developers may be conservative and will bid with a price 10-15 percent below market value," Cheung said.

Nan Fung Development managing director Donald Choi Wun-hing said: "Developers' interests will be affected as government restrictions may incur more risks."

But Emperor International Holdings executive director Donald Cheung Ping-keung said property developers are used to government land restrictions.

"Developers will consider all other factors," Cheung said.

Henderson Land general manager of sales Thomas Lam Tat-man said the government should not intervene too much in the free market.
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Old September 9th, 2012, 04:50 PM   #1460
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Taken on 3 September - note The Beaumont in scaffolding :

image hosted on flickr

DSC_6930 by jackychongtsz, on Flickr
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