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Old August 9th, 2015, 07:50 AM   #641
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Old August 18th, 2015, 05:55 PM   #642
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Old August 19th, 2015, 03:05 PM   #643
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Old September 6th, 2015, 06:34 AM   #644
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Old October 9th, 2015, 04:51 AM   #645
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Old November 18th, 2015, 05:22 AM   #646
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6/4

2015-06-04_16.22.38 by Billy [email protected], on Flickr
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Old December 16th, 2015, 07:14 PM   #647
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Hong Kong's Urban Renewal Authority cuts eligibility limits for single applicants for housing project
2 December 2015
South China Morning Post Excerpt



In yet another policy shift, the Urban Renewal Authority tightened eligibility criteria for single applicants for its first subsidised housing project.

The decision came after a special board meeting yesterday. Chairman Victor So Hing-wo said all board members agreed on tightening the criteria for unmarried applicants.

"Having considered the potential legal risks and balanced the demands from society, we still decided to accept applications from single people," said So.

"But their monthly household income and asset limits are capped at HK$33,500 and HK$1.5 million respectively."

The move was made after a public outcry erupted last Tuesday over a decision to allow single people, instead of only families of two people or more, to buy subsidised units at its De Novo development at Kai Tak.

There was intense criticism when it was decided that all applicants, whether they were single or not, should meet the same eligibility criteria - HK$60,000 for monthly household income and HK$3 million for total asset value. This was considered too generous for unmarried applicants.

The authority said after receiving advice from the Equal Opportunities Commission that the original plan could be discriminatory, it had sought advice from a senior counsel on possible legal risks from the new proposal.

The authority said it believed the revised thresholds were reasonable and rational and could help head off potential legal challenges.

However, priority in choosing flats would not be given to family applicants due to equal opportunities concerns.
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Old January 5th, 2016, 03:31 AM   #648
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URA taking applications for Kai Tak flats today
The Standard Excerpt
Tuesday, January 05, 2016

The Urban Renewal Authority will start accepting applications for its subsidized housing project, De Novo in Kai Tak, from today.

From now until the application period ends on January 21, 32 show flats of various sizes are open to the public. Prices of the 338 flats range from HK$3.41 million to HK$6.63 million or HK$9,734 to HK$12,414 per square foot after a 20 percent discount to private homes in the area.

There are eight studio, 213 one-bedroom and 117 two-bedroom units at De Novo in three blocks and a lower block of six floors. Singles may apply for the studio and single-bedroom flats while the two-bedroom flats are reserved for families.

Some of the one- and two-bedroom flats enjoy harbor views but may face being blocked by the development of more private home projects at the Kai Tak site.

As a two-bedroom flat costs more than HK$6 million, URA executive director Pius Cheng Kai- wah believes those who meet the income cap will be able to afford a flat.

"The prices will appeal to those who have actual housing needs" Cheng said. "It will also help middle-income families buy a home. The income cap for singles and family applicants are set at HK$33,500 and HK$60,000 respectively and they should have assets worth no more than HK$1.5 million and HK$3 million.
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Old January 10th, 2016, 06:21 AM   #649
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1405-017-cp200-mmc by YKevin1979, on Flickr


1405-014-cp200-mmc by YKevin1979, on Flickr
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Old January 11th, 2016, 07:23 PM   #650
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Space by Bailey Cheng, on Flickr
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Old January 28th, 2016, 06:17 PM   #651
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Odds against single applicants landing a subsidised flat
28 January 2016
South China Morning Post Excerpt



221 apartments at De Novo project are available to unmarried people, but thousands will lose out

Two-thirds of the 12,680 people trying their luck for a flat at a new subsidised housing development in Kai Tak are single, according to the Urban Renewal Authority.

But the odds are stacked against them landing one of the 221 out of 338 subsidised flats allocated to unmarried people at the De Novo project.

Of the designs on offer, eight are studios and 213 are one-bedroom flats sized between 300 and 400 sq ft. The 117 two-bed homes are reserved for family applicants. Singles can only apply for the smaller units. So at best a single applicant has about a 2 per cent chance of success, given that some married couples may also opt for a smaller flat.

Late last year, the authority revised the eligibility criteria for its first subsidised housing project as it allowed single people, who were originally excluded from the scheme, to buy the homes but with their income eligibility requirements almost halved from HK$60,000 to HK$33,500.

The Housing Authority says it will kick off its computer balloting process for the project in March to determine the flat selection sequence before starting the screening process, flat selection and sales. The first residents could move in as early as July.

"It is expected that the relevant sale process will be completed by the end of May and the successful applicants can move in during the third quarter of 2016," the authority said in a statement. The scheme provides a total of 484 flats in four tower blocks.READ MORE: 'Anything but a bargain': prospective buyers criticise Hong Kong's latest subsidised housing project

The most expensive flats are priced at HK$6.627 million, but the URA, which developed the project, said middle-income families could afford them.

The URA changed its mind about single applicants after concerns that excluding them would lead to discrimination claims.
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Old February 23rd, 2016, 03:19 PM   #652
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A bit hazy today - but nice weather above Kowloon by Roger Price, on Flickr
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Old February 29th, 2016, 02:33 AM   #653
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The new residential tower of Hong Kong is too similar, in the center we are diversity of architecture.

I prefer the center with a lot of different skyscrapers.
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Old February 29th, 2016, 02:34 AM   #654
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The new residential tower of Hong Kong is too similar, in the center we are diversity of architecture.

I prefer the center with a lot of different skyscrapers.
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Old March 22nd, 2016, 07:19 PM   #655
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1/8

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Old April 6th, 2016, 02:53 PM   #656
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Buyers stay away as subsidised flats go on sale
6 April 2016
South China Morning Post Excerpt



Just 19 out of 68 homes in first batch at Kai Tak development snapped up amid cooling market

Barely more than a quarter of eligible buyers for a subsidised flat in a Kai Tak housing project made a purchase yesterday amid a cooling housing market in Hong Kong.

Just 19 homes were sold on the first day of a four-day sale for the 338 flats of De Novo, a development by the Urban Renewal *Authority.

The authority, which brought forward the selection periodfrom May, originally scheduled 68 of the 264 eligible applicants toselect flats yesterday.

Lawmaker Alice Mak Mei-kuen, a non-executive director of the authority, said she understood the authority originally set the selection date in May because it expected a large number ofapplicants and needed to set aside time to examine documentssubmitted by them.

"In the end, the number ofapplicants was less than expected and the screening by the Housing Society was smooth. So there is no need to wait till May to select flats," she said.

The authority received 12,685 applications for subsidised flats in the De Novo project.
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Old April 6th, 2016, 04:30 PM   #657
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Old April 9th, 2016, 06:20 AM   #658
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7 April 2016
The Standard Excerpt
URA sells more DeNovo flats



The Urban Renewal Authority yesterday sold an additional 16 flats at DeNovo, its housing project at Kai Tak, on the second day of offer after a lackluster response from potential buyers.

Altogether, the URA has so far sold 35 DeNovo flats, representing only one tenth of the total 338 saleable units. It said it will extend the period for selling units from four to nine days until April 15.
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Old April 13th, 2016, 02:30 PM   #659
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The Standard Excerpt
De Novo's doors are staying open longer
13 April 2016

Following a lackluster response from applicants offered opportunities to buy homes, the Urban Renewal Authority has extended the selling period for De Novo the URA project at Kai Tak for five working days to April 22.

The authority extended the selling period for a second time as just 10 of 60 people invited to select flats showed up yesterday.

That turnout led to eight flats being sold five with one bedroom and three with two.

De Novo flats were first put on sale on April 5, and the first five days have seen sales of 19, 16, 14, 12 and eight units. The overall project has 338 flats.
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Old May 8th, 2016, 02:04 PM   #660
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