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Old September 11th, 2012, 05:18 PM   #1461
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Waves of cash at Double Cove flats
The Standard
Tuesday, September 11, 2012



Primary property market sentiment remains positive as Henderson Land (0012) received 700 checks for the 260 units it launched at its Double Cove project in Wu Kai Sha.

Henderson initially launched 210 units over the weekend and a further 50 flats yesterday. Flat sizes range from 638 to 710 square feet.

The units were priced at an average of HK$8,951 psf - 2percent higher than the 210 flats that were launched earlier.

Double Cove has a total of 928 units and sales will commence on Friday.

Meanwhile, Sun Hung Kai Properties (0016) priced two of the largest units at its Century Gateway project in Tuen Mun at HK$17,453 per sq ft.

This is 55percent higher than the previous 107 units for which a price list was issued on September 8.

One of the two units, which was launched yesterday, has an area of 1,855 sq ft. It is priced at HK$33.95 million, or HK$18,300 psf - the most expensive among the 109 flats up for sale so far.

The 107 units that were launched earlier have gross floor areas ranging from 982 sq ft to 1,128 sq ft, and are priced at an average of HK$11,264 psf, double those of similar-sized apartments in Tuen Mun. Sales commence today.

Meanwhile, the value of a residential-cum- commercial project in Sai Yee Street in Mong Kok, has been slashed by agents due to strict conditions imposed by the Urban Renewal Authority.

Midland Surveyors director Alvin Lam Tsz-bun cut the valuation by 44 percent to HK$2.5 billion, because the URA will own 50percent of the commercial portion and ban developers from selling the shops within the first five years.
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Old September 12th, 2012, 04:05 PM   #1462
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Robust start to sales at Gateway project
The Standard
Wednesday, September 12, 2012

Thirty out of the 107 units at Century Gateway project in Tuen Mun were sold within hours of sales starting yesterday.

Sun Hung Kai Properties (0016) expects to cash in HK$1.2 billion from all 107 flats put on the market.

Prices of the flats available for sale averaged about HK$12,246 per square foot.

"Buyers were mainly from northwest New Territories, constituting 60 percent, while 20 percent were from Kowloon and 10 percent from Hong Kong Island," said Allen Woo Chi- yuen, Sun Hung Kai Real Estate Agency's assistant general manager. The remaining 10 percent were frequent commuters between the mainland and Hong Kong.

A high-level special unit of 1,777 square feet with an additional rooftop was launched yesterday for HK$31.1 million, or HK$17,501 psf.

The project provides 1,075 units sized between 550 and 1,200 sq ft in the first phase. Over half are three- or four-bedroom units.

Separately, Cheung Kong Holdings' (0001) Kowloon Tong project Le Chateau is expected to cost at least HK$40 million per unit.

"The project will be launched this month with an asking price of HK$25,000 psf," Cheung Kong sales manager Helen Fung Hoi- lun said. Show flats will be open by next week at the earliest.

Meanwhile, CLSA's head of property research Nicole Wong said property prices have risen by 12 percent in the first seven months, higher than the original forecast of 8 percent. She expects a 14 percent increase for the whole year from 2011.

But prices are expected to rise by just 1.5 percent next year due to a 15 percent increase in supply. Also, the gloomy outlook of the global and mainland economy will slow price rises.
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Old September 13th, 2012, 04:42 AM   #1463
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NT gets piece of the action
The Standard
Thursday, September 13, 2012


Source : http://www.centurygateway.com.hk/flash/index.html

Home prices in the New Territories soared this week with the launch of two benchmark projects, where flats are being sold at nearly twice the price of local secondary market units.

Sun Hung Kai Properties (0016) kicked off sales at its upscale Century Gateway in Tuen Mun, pricing its first batch of 107 flats at an average of about HK$11,000 per square foot. About 60 units were snapped up on the first day of sale on Tuesday.

Secondary market apartments in the area have generally been selling at HK$4,000 to HK$6,000 psf, but homeowners are expected to jack up their asking prices.

"Century Gateway has set a benchmark in the area," said surveyor Tony Chan Tung-ngok, adding he can see typical secondary prices rising from the current HK$4,000 to HK$5,000 psf to the HK$7,000-HK$8,000 psf range in the future.

Similar effects are forecast for Ma On Shan, in anticipation of Henderson Land's (0012) launch of Double Cove as early as today. The first batch is priced at HK$8,304 to HK$11,369 psf - substantially above nearby secondary homes.

At the 1,075-flat Century Gateway the most expensive unit is a 1,855-sq- ft apartment, complete with rooftop and swimming pool, listed at HK$33.94 million, or HK$18,300 psf.

Secondary flat prices at nearby Tuen Mun Town Plaza have jumped 13 percent to an average of HK$5,200 psf within the past two months, while homes at Trend Plaza cost HK$5,600 psf on average, up 10 percent.

Those finding Century Gateway beyond their reach may want
to invest in the secondary market, Chan said, which would boost demand in that sector.

The Century Gateway effect has spread to secondary homes in nearby areas, said Richard Lee Chi-shing, chief executive of Hong Kong Property.

In Tin Shui Wai, flats at Kingswood Villa are now listed at HK$4,100 psf on average, up 5.1 percent in a week. One 578-sq-ft flat at Maywood Court fetched HK$2.7 million, or HK$4,671 psf - the first unit to surpass the 1997 peak at the estate - said Centaline Property Agency sales manager Victor Ng Yiu-cho.

Midland Realty director Sammy Po Siu-ming said Century Gateway is attractive to mainlanders and foreigners because of its geographical location along the MTR and different highways.

More than 10 secondary home transactions were recorded over the past weekend in Tuen Mun, boosted by the new project optimism, said Centaline branch manager Jacky Lau Fat-lee.

A 901-sq-ft three-bedroom unit at Villa Athena sold for HK$5.98 million, or HK$6,637 psf - the highest among similar flats.

Meanwhile, the "panic buying" sentiment has spread to the land market, as both developers and speculators are snapping up land around the northern New Territories earmarked for development by the government.

Under the government's new plan, a 787-hectare site in the region would provide more than 54,000 public and private flats. The proposal has created intense farmland speculation in that area.

Simon Wong Ka-wo, chairman of Kampery Group, who owns an organic farm, said as developers started to hoard farmland in Kwu Tung North, Fan Ling North, Ping Che and Ta Kwu Ling, they are willing to pay HK$500 psf and even HK$1,000 psf. Some speculators assemble land at about HK$300 to HK$400 psf and resell in bulk to large developers for windfall profits, Wong said.

Agents said the same land changed hands at just HK$100 to HK$200 psf a few years ago.

Speculators also target warehouses at Kwu Tung in the northeast New Territories, flipping them to developers for a quick 20 percent gain, an agent said.

Prices for village houses in Ta Kwu Ling and Heung Yuen Wai near the Shenzhen border that will attract demand from mainlanders are also expected to jump in the near future, said Ted Wong, manager of Wealthy Property Agency's Regentville branch.

"Some potential village house sellers put up 'not for sale' signs, waiting for price increases," he said.

Farmland near Hung Shui Kiu in Tuen Mun, and Kam Sheung Road West Rail Station have also become the focus of developers' land lust, agents said. This has caused prices to more than quadruple to HK$500 psf, compared with about HK$100 psf two to three years ago, they added.

Particularly, investors and mainland buyers are hoping to get better deals from reselling to developers, or under government development.

Surveyor Chan said Hong Kong's high property prices are due to "nonlocal" buyers.

"As these nonlocals have strong purchasing power, they can afford quality housing like Century Gateway," he said, adding that imposing certain restrictions on foreign buyers might soften soaring property prices.
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Old September 14th, 2012, 05:17 AM   #1464
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More Double Cove flats released for sale
The Standard
Friday, September 14, 2012

Henderson Land (0012) and New World Development (0017) put an additional 38 Double Cove flats on the market yesterday at an average HK$9,719 per square foot - up 10 percent from the price of 330 units launched earlier.

The latest flats measure 706 to 1,194 square feet and are priced from HK$6.34 million to HK$12.39 million.

Double Cove, in Wu Kai Sha, has a total of 928 units. Sales will commence today.

Separately, the Lands Tribunal has accepted the land compulsory sale application for 196-202 Mau Tau Wai Road in To Kwa Wan.

Henderson Land already owns 90 percent of the properties under that address. The 4,905 sq ft site with a reserve price of HK$239 million is expected to be available for public auction within the fourth quarter. The built structure can have a gross floor area of about 35,000 sq ft, containing both commercial and residential portions.

Sun Hung Kai Properties (0016) yesterday put a 1,777 sq ft high-level special unit of its 1,075-unit Century Gateway project on the market, priced at HK$31.4 million or HK$17,680 psf.

So far 111 units have been launched, with nearly 70 sold.

Meanwhile, SHKP deputy managing director Victor Lui Ting apologized to reporters who were prevented on Tuesday by the firm's security guards from attending the launch of the first units at the Tuen Mun project.

Later in the evening, the developer allowed the press to enter the Century Gateway's sales lounge.
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Old September 17th, 2012, 11:04 AM   #1465
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New mortgage rules hit Double Cove sales
The Standard
Monday, September 17, 2012

New mortgage-tightening measures from the Hong Kong Monetary Authority somewhat tempered weekend sentiment on the primary market.

Henderson Land (0012) sold just 30 units at its Double Cove project in Wu Kai Sha over the past two days, after a robust launch on Friday when 261 of the 430 units launched were snapped up.

However, buyer interest was steady at the upscale Sun Hung Kai Properties (0016) project in Tuen Mun, Century Gateway. Seventy of the 200 flats put on the market were sold, including a special unit priced at HK$18,000 per square foot.

New units will launch tomorrow at both projects. Henderson will release 100 at its 928-flat Double Cove at an average price of HK$8,618 psf, while the 1,075-unit Century Gateway will see SHKP put up 91 at an average price of HK$8,200 psf.

"More special units will be put on the market in the coming few days," SHKP executive director Victor Lui Ting said.

In response to the US Federal Reserve's announcement of a fresh round of quantitative easing, HKMA chief executive Norman Chan Tak-lam on Friday outlined four measures for bank mortgages.

Locals seeking second mortgages may now borrow only up to 40percent of their monthly income, down from 50percent, while others will be subject to a loan-to-value ratio of 20 percentage points lower than the typical local loan ratio, instead of 10 percentage points as now. Also, the maximum mortgage period was cut to 30 years from 40.

Secondary home prices, however, soared over the weekend. Tai Koo Shing recorded five transactions, with average sales price jumping 11.3 percent from a week back to HK$10,800 psf.

Centaline sales manager Kenneth Chiu Hung-wan sees minimal impact of the tightening measures on long-term investors "as they have sufficient capital."

Centaline recorded 32 weekend transactions at the 10 top housing estates it tracks - one more than last week, with six estates seeing a rise in prices.
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Old September 17th, 2012, 11:24 PM   #1466
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Hong Kong's first pre-certified LEED Platinum building opens in Causeway Bay

International architecture firm, Kohn Pedersen Fox Associates (KPF), has recently announced the opening of Hysan Place, a LEED Platinum-certified landmark located in the heart of Hong Kong’s prime shopping mecca, Causeway Bay.

It is the first building in Hong Kong to be pre-certified at the highest Platinum level by the United States Green Building Council’s (USGBC) Leadership in Energy and Environmental Design standard (LEED). Developed by the area’s largest commercial landlord, Hysan, the project is the first Grade-A office building introduced to Causeway Bay in 15 years, and is situated above 17 floors of retail space in a vibrant mixed-use development.

Construction was carried out in an environmentally responsible manner, particularly with respect to resource waste management. The building design intends to enhance occupier health and productivity by introducing enhanced day lighting, individual occupant control of natural ventilation, and public access to sky gardens into its design approach. Environmentally-considerate features have been incorporated, including reduced operational CO2 emissions, and the provision of more choice in creating a suitable working environment for occupiers.

“Consistent with Hysan’s longstanding reputation for delivering pioneering developments, and guided by the late Chairman Peter Lee, our aim was to design a building that was not only progressive in terms of its sustainable specifications, but one that would remain competitive for many years to come through planning flexibility,” said Robert Whitlock, KPF Design Principal. “We are confident that the design and architecture of the building will lend itself to be commercially successful, in addition to being environmentally responsible.”

The 36-storey, mixed-use office and retail building, with four additional levels of basement and a gross floor area totalling around 710,000 sq ft, is also the northern gateway to the Hysan portfolio in Causeway Bay.

The project is developed as a series of shifting forms, each designed to optimise the internal planning of the functions within. These forms are arranged to project the vertical gardens over the height of the building – Peter Lee’s concept to provide multi story rooftop retreats for users and openings for the breeze to pass through the building.

Sustainable Design has been fundamental to both the brief and the resultant concept of the scheme, resulting in the region’s first LEED Platinum pre-certified commercial project. Hysan Development Company Limited is a leading property investment, management and development company in Hong Kong with an investment property portfolio of over 4 million square feet of high quality office, retail and residential space. With much of their portfolio residing in Causeway Bay, this is their first foray into highly-sustainability projects.

Source: www.worldarchitecturenews.com









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Old September 18th, 2012, 12:00 PM   #1467
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Flag up to start rolling on project
The Standard
Tuesday, September 18, 2012

Tenders for a site atop the West Rail's Long Ping station that has been eyed keenly by developers are now being sought by the MTR Corp (0066), with submissions needed by October 15.

Sixteen developers had expressed interest in the site earlier this month.

They included majors Cheung Kong Holdings (0001), Sun Hung Kai Properties (0016) and Henderson Land Development (0012). And mid-sized Paliburg (0617), Wing Tai Properties (0369) and Wheelock (0020) have submitted letters of intent.

The 106,564-square-foot plot is expected to fetch from HK$1.57 billion to HK$1.89 billion, or HK$3,000 to HK$3,600 per square foot.

The developer must share 5 percent of profit with the MTR Corp.

Midland Surveyors director Alvin Lam Tsz-pun says interest has been sharpened with the third round of quantitative easing announced by the US Federal Reserve last week.

The relatively modest size of the project is also seen as attractive to certain developers.

Vincent Cheung Kiu-cho, director for valuations at Cushman & Wakefield, said a gross floor area of 523,938 sq ft can see up to 832 flats in four towers. Prices should average HK$6,900 psf.

The winning developer must build facilities, including a home for the elderly and an elderly care center in a project to be completed by 2017.
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Old September 19th, 2012, 06:19 PM   #1468
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By Car L

Le Chateau 珏堡 (8 Alnwick Road) 九龍塘安域道8號
~~ previously 福景苑 (Fortune Villa)


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Artistic decorations inside and outside of the buildings
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Old September 20th, 2012, 06:39 PM   #1469
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DSD's nullah improvement creates new Tai Hang landmark: Fire Dragon Path
Thursday, September 13, 2012
Government Press Release

Before



Now



The smooth completion of the nullah improvement project in Tai Hang has not only eradicated the smell of the nullah but also created a new Tai Hang landmark - the Fire Dragon Path - adding unique leisure space to the area, said the Deputy Director of Drainage Services, Mr Tsui Wai, today (September 13).

Mr Tsui was officiating at the "Ceremony for the Improvement Works of the Nullah at Tai Hang and the Completion of Fire Dragon Path in Celebration of the 63rd Anniversary of the Founding of the People's Republic of China" in Tai Hang. He said, "To improve the living quality of the residents, the Drainage Services Department (DSD) embarked on the improvement project in 2009. This included decking the nullah between Causeway Road and Tung Lo Wan Road adjacent to Queen's College, utilising the new land to widen the old footpath as well as greening and landscape works along the widened footpath. The project not only eliminates the smell problem arising from the nullah, but also provides a comfortable walking environment for the public.

"The Fire Dragon Dance of Tai Hang at Mid-Autumn Festival is a local tradition and became part of the national intangible cultural heritage last year. In recognition of this unique cultural activity, the new footpath was specially named the Fire Dragon Path, creating a landmark with local characteristics for Tai Hang," Mr Tsui said.

The Tai Hang nullah improvement works mainly involved construction of a 250-metre-long twin-cell box culvert and widening of a footpath at a total cost of about $24 million.

Today's ceremony was jointly organised by the DSD and the Wan Chai District Council. Other officiating guests included the Chairman of the Wan Chai District Council, Mr Suen Kai-cheong; Principal Assistant Secretary for Development (Works), Mr Liu Chun-san; Wan Chai District Officer, Miss Angela Luk; and President of the Tai Hang Residents' Welfare Association, Mr Ho Choi-chiu.
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Old September 20th, 2012, 06:43 PM   #1470
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Developers keep raising prices in latest launches
The Standard
Thursday, September 20, 2012

Kerry Properties (0683) yesterday priced two of its special units at Lions Rise, Wong Tai Sin, at more than HK$22,000 per square foot.

The two of 24 special units are sized at 1,790 square feet and 1,625 sq ft and priced at HK$27,933 psf and HK$22,646 psf respectively. They also include a 1,300 sq ft balcony.

"At least three of the special units will be priced at more than HK$30,000 psf," Semy Ng Mai-shan, general manager for marketing at Kerry Properties, said.

If units priced above HK$30,000 psf are sold, they will set a new record for the West Kowloon district.

Eighty percent of the flats, or 780 units have been sold so far, generating HK$7 billion.

Another HK$2 billion is expected to come from sales of the remaining 180 flats.

Also yesterday, Henderson Land (0012) released 44 units at its Double Cove project in Wu Kai Sha. They are expected to be put on the market Sunday.

Of the 44 flats, 32 two-bedroom units are priced 2.5percent higher at HK$8,797 psf from the previous batch.

Another 12 special units are priced at HK$9,281 psf to HK$11,123 psf. Currently, a total of 370 units have been sold.

Separately, Sun Hung Kai Properties (0016) priced another 85 units at its Century Gateway project in Tuen Mun at an average HK$8,514 psf, up 3.6percent from the previous batch.

Approximately 170 units have been sold so far.

Speaking about the home market, Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung said he does not think the latest round of quantitative easing in the United States will have any impact on the local property sector.

"Capital from the States is unlikely to flow into the market as property purchase is a local investment." Chan said.
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Old September 20th, 2012, 06:50 PM   #1471
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I REMEMBER THAT! Isn't it in Tin Hau opposite the victoria park football courts and close the the Central Library?
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Old September 21st, 2012, 06:42 PM   #1472
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Road ahead splits property experts
The Standard
Thursday, September 20, 2012

The government has been introducing measures to cool the homes market, and some say the effect must not be underestimated.

If the authorities are determined, they warn, home prices will come down sooner or later.

But others believe the property market will continue to go up once the initial shock of the measures wears off. For underlying this market vitality is stubbornly low interest rates.

It is hard to say which school of thought is right. After all, real estate is like any other market: there will always be optimists and pessimists.

Recently, I spoke to two financial experts about the market, and their ideas reflect these opposing views.

A financial veteran who has reservations about the market said he would rather buy cheaper properties elsewhere.

His reason: interest rates cannot stay down forever. The luxury segment has already started to sag and speculators are moving into lower-end properties.

That was what happened just before the market reached its peak in 1997, he said. His philosophy is to buy low.

In third- or fourth-tier markets such as Zhongshan, homes of reasonable quality are selling for only 600 yuan (HK$736) to 700 yuan per square foot, he said. There is no room for prices to fall, so why should one insist on buying an expensive property in Hong Kong?

But a talk show host who is a deft investor holding many properties worth tens of millions of dollars took another view.

With annual new home supply set at 75,000 units for the next
five years, he said, there is no way the Hong Kong market will fall. So he is buying properties.

He is particularly bullish about Tung Chung as the chief executive is committed to speeding up development of the new town and the population will expand.

Construction of a third runway at Hong Kong International Airport will also boost home demand there, he said.

Prices there are now between HK$5,000 and HK$6,000 a square foot, which is relatively cheap when one considers the town is on the MTR line. He is buying now, even if he has no plans to move in. For now, he is using the properties to generate rental income.

Siu Sai-wo is chief editor of Sing Tao Daily
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Old October 8th, 2012, 05:17 PM   #1473
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Buyers out in force for new projects
The Standard
Monday, September 24, 2012

Sentiment remained strong in the primary property market over the weekend with two new projects - Sun Hung Kai Properties' (0016) Century Gateway and Henderson Land's (0012) Double Cove - recording healthy sales.

Demand, however, eased in the secondary market.

At least 155 apartments at Century Gateway in Tuen Mun were sold at the weekend, bringing totals sales in the project to 300.

A mainland buyer bought four three-bedroom flats - priced at HK$7,875 per square foot - in the development yesterday, said Bernie Chan Kwong-yu of Midland Realty.

It was the same story at Double Cove, in Wu Kai Sha, which saw sales of 30 homes during the weekend. A total of 430 apartments have been sold there so far.

At The Riverpark in Tai Wai - a project by New World Development (0017) - eight units were sold over the weekend.

Chan expects more transactions during the upcoming long weekend, particularly when mainland tours are organized to visit new projects.

Sun Hung Kai also released another 24 three-bedroom flats and a special unit at Century Gateway.

The 778-square-foot and 779-sq-ft flats were released at HK$7,931 psf while the special unit was priced at HK$15.02 million, or HK$13,323 psf.

Soundwill Holdings (0878) also released 23 units at its Park Haven in Causeway Bay yesterday, priced at HK$20,323 psf on average. A special unit sold at the project at a record HK$29,950 psf.

As for the secondary market, Centaline recorded only 25 transactions at the 10 major housing estates at the weekend, down from 32 the previous weekend.

"Homebuyers are taking a wait-and-see approach," said Louis Chan Wing-kit of Centaline, as asking prices soar.

The latest round of quantitative easing in the United States is also prompting homeowners to raise prices.

One 635-sq-ft flat at Kornhill sold for HK$6.08 million, or HK$9,575 psf. The two-bedroom unit was originally bought for HK$2.93 million in 2005.
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Old October 8th, 2012, 09:08 PM   #1474
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That Chateau project could be a good one, but they somehow crossed the line to kitsch too obviously... And that name
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Old October 9th, 2012, 02:21 PM   #1475
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Quote:
Originally Posted by erbse View Post
That Chateau project could be a good one, but they somehow crossed the line to kitsch too obviously... And that name
Here are a few photos :







More : http://eng.28hse.com/utf8/developer-146-P4.html
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Old October 12th, 2012, 06:18 AM   #1476
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Holiday piggyback for developers
The Standard
Friday, September 28, 2012

Developers are going to piggyback on the Golden Week as they launch 3,300 flats within a month.

They are set to showcase their products - spanning all price classes in eight projects - to cash-rich mainlanders visiting for the Mid-Autumn Festival and National Day holiday.

Sino Land (0083), which recently obtained its long-awaited approval to sell the third phase of the luxury project Providence Bay, said it will open the show flat of its largest unit from tomorrow.

The flat, which spans 2,842 square feet, has already attracted more than 100 potential customers who have made appointments for viewing, including 20 from the mainland, said Victor Tin Siu-yuen, general manager of sales.

The 193-unit third phase - called The Graces - will launch next month.

Henderson Land (0012) may announce the first price list for its High Point project in Cheung Sha Wan as soon as today, according to general manager of sales Thomas Lam Tat-man.

The average price of the first batch may be from HK$13,000 to HK$14,000 psf, he said.

One West Kowloon by Cheung Kong (Holdings) (0001), in the nearby district of Lai Chi Kok, is also aiming at HK$14,000 psf, real estate agents said.

Executive director Justin Chiu Kwok-hung said it is expecting the pre-sale consent and will roll out sales next month.

Also in Kowloon, Wheelock's (0020) high-end Kadoorie Hill project in Kowloon City already has at least 10 units reserved, according to agents.

Developments currently on sale are also pushing their products.

Century Gateway of Sun Hung Kai Properties (0016) announced its first batch of two- bedroom homes, which are between 626 and 635 sq ft.

The average price of the 84 units is HK$8,148 psf.

Sales, however, have not been guaranteed during Golden Weeks in recent years. They still depend largely on the general sentiment.

Salesrooms were almost empty the same time last year as the euro debt crisis hit and the Hang Seng Index plunged to some 16,000.

But it was the complete opposite in 2010, when investors were expecting the United States to unleash QE2.
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Old October 13th, 2012, 10:08 AM   #1477
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Tenders awarded for two residential sites
Friday, September 28, 2012
Government Press Release






Peng Chau



The Lands Department today (September 28) announced that the tenders for two residential sites have been awarded on a 50-year land grant at a total premium of $2,316 million.

Tseung Kwan O Town Lot No. 117 in Area 66C2, Tseung Kwan O, New Territories was awarded to Jet Union Development Limited at $2,285 million, while Lot No. 674 in Demarcation District Peng Chau in Tung Wan, Peng Chau, New Territories was awarded to Smart Champion (Hong Kong) Limited at $31 million.

"Authority from the Central Tender Board was given to the Lands Department to award the two sites to the highest tenderers," a Government spokesman said.

The tenderers other than the successful tenderer in respect of each lot in alphabetical order were:

(a) Tseung Kwan O Town Lot No. 117

(1) Firstway Holdings Limited
(2) Great Horwood Limited
(3) Great Team Development Limited
(4) Hinwood Investment Limited
(5) Lucrative Venture Limited
(6) Rich View Investments Limited
(7) Team China Limited

(b) Lot No. 674 in Demarcation District Peng Chau

(1) Beacon Hill Garden Limited
(2) Golden Succeed (Asia) Limited

Tseung Kwan O Town Lot No. 117 has a site area of about 12,915 square metres and is designated for non-industrial (excluding godown, hotel and petrol filling station) purposes. The minimum gross floor area and the maximum gross floor area are 27,122 square metres and 45,203 square metres respectively, of which not less than 23,247 square metres and not exceeding 38,745 square metres are for private residential purposes. The total number of residential units to be built shall not be less than 520 and shall not exceed 546.

Lot No. 674 in Demarcation District Peng Chau has a site area of about 1,780.3 square metres and is designated for private residential purposes. The minimum gross floor area and the maximum gross floor area are 801 square metres and 1,335.2 square metres respectively.
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Old October 16th, 2012, 12:57 PM   #1478
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Talks begin over housing strategy for next 10 years
The Standard
Tuesday, October 16, 2012

A report laying out housing strategy for the next 10 years is expected to be ready by the middle of next year.

It will include, amongst others, provisions for single youngsters as well as the elderly.

The Long-Term Housing Strategy Steering Committee held its first meeting yesterday.

Chaired by Secretary for Transport and Housing Anthony Cheung Bing- leung, it will review the demand for flats.

Particular attention will be paid to four groups: the elderly, the young, those who are poorly housed, and first-time buyers.

The public will be consulted on the proposed strategy.

"The committee will look at housing demand patterns and make forecasts as well as evaluate policy initiatives," Cheung said.

But he stressed it will not discuss the land-supply issue in depth, since such information is sensitive and may affect the property market.

Cheung said the authorities have to be cautious in handling such information and committee members fully understand the importance of preventing data leaks.

Cheung is confident the committee will point the way forward for the next 10 years.

"We will regularly review the housing strategy based on changing social and economic environments and the composition of the population structure," he said.

Wong Kwun, a committee member, said the government should speed up building more public housing flats to address the increasing needs of single youngsters and the elderly.

Another committee member and economist, Kwan Cheuk-chiu, said it will work to estimate the number of flats required in the market each year.

However, it will not set a fixed benchmark on how many homes should be built in the future.
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Old October 16th, 2012, 01:15 PM   #1479
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Thank you for all the updates in here hksykline. But as you may realize when looking at the activity in this thread, it doesn't really catch attention.

Aren't there any REALLY interesting things/projects going on in HK right now?
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Old October 17th, 2012, 07:17 PM   #1480
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Quote:
Originally Posted by erbse View Post
Thank you for all the updates in here hksykline. But as you may realize when looking at the activity in this thread, it doesn't really catch attention.

Aren't there any REALLY interesting things/projects going on in HK right now?
A lot of these are interesting, but renderings are hard to come by and you need to be patient and wait for the final scaffolding to go to see how amazing some of these things are!
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