daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > General Urban Developments

General Urban Developments Discussions of projects shorter than 100m/300ft. Also, please post all other threads not specified in other Development News subforums here.



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old May 23rd, 2016, 09:32 PM   #661
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
Lukewarm response for Hong Kong URA’s De Novo flats project with 15 units unsold as sales come to close
Kai Tak development drew more than 12,000 applications initially but many backed out as property prices in the city fall
May 20, 2016

The Urban Renewal Authority’s first subsidised residential development has been met with a lukewarm response, with 15 flats finding no buyer at the close of sales on Friday.

The De Novo project in Kai Tak initially drew more than 12,000 applications to purchase a flat, but against the backdrop of a drop in property prices, many applicants backed out.

A total of 323 flats were sold.

“I decided not to buy it because it is expensive,” one applicant said on Friday as she left the sales office after making up her mind.

The sizes of the 338 subsidised flats up for grabs ranged from 332 sq ft to 568 sq ft. Selling prices, set with a 20 per cent discount on the market value of the flats as of December last year, ranged from HK$3.41 million to HK$6.63 million.

The 15 unsold flats are all large two-bedroom units, priced above HK$6 million.

The De Novo project was aimed at middle-income families who do not have the means to buy private housing but are too well-off for other government subsidised housing schemes.

It did not accept applications from people who had owned a property in the past five years or lived in the city for fewer than seven years, or “green form” holders – meaning public housing tenants eligible for or awaiting allocations of flats under the Home Ownership Scheme.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote

Sponsored Links
Old June 18th, 2016, 07:01 PM   #662
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

啟德郵輪碼頭 / Kai Tak Cruise Terminal / Hong Kong by King Wai Foo, on Flickr
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

CP11, 2mchris liked this post
hkskyline no está en línea   Reply With Quote
Old July 10th, 2016, 07:50 PM   #663
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

Old Hong Kong Airport by Herbert AgBr, on Flickr
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

CP11, Munwon, 8166UY, Zaz965, 2mchris liked this post
hkskyline no está en línea   Reply With Quote
Old August 6th, 2016, 06:08 AM   #664
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

kai_tak_cruise_terminal_victoria_harbour-3840x2160 by Cosme Rebelo, on Flickr
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

CP11, Munwon liked this post
hkskyline no está en línea   Reply With Quote
Old August 12th, 2016, 05:31 PM   #665
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

‘I want the runway’ – Lawrence Yu urges government to build dedicated Formula E track on Kai Tak site
Hong Kong Automobile Association chairman suggests using the public road around the news sports park to stage motor racing events
June 16, 2016
South China Morning Post Excerpt



The man behind Hong Kong’s first Formula E race has called on the government to build a permanent street circuit on the old Kai Tak runway as part of the proposed multimillion-dollar sports parkat the former airport site.

Lawrence Yu Kam-kee, chairman of the Hong Kong Automobile Association, made the request at a brainstorming meeting hosted by Legislative councillor Ma Fung-kwok this week, attended by national associations and government officials.

The meeting was aimed at collecting views from the community on what they wanted for the Kai Tak Sports Park,which is expected to be completed by 2022 if everything goes to plan.

“The government is building the Kai Tak sports park and around the park is a public road,” said Yu, who fulfilled a dream by playing a major role in bringing the HKT Hong Kong Formula E race to the city in October in Central.

“At the meeting, I opened my big mouth and suggested turning that public road into a permanent circuit. We can close it once a year for racing.

“I want the runway,” said Yu.

Shing Fung Road runs along part of the runway while the sports complex is to be built in an area of land just before the runway stretches into the sea.

The sports park will be the largest venue dedicated to sports in Hong Kong, taking up 28 hectares and including a 50,000-seater stadium, public sports ground and indoor arena.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

CP11, el palmesano, Zaz965 liked this post
hkskyline no está en línea   Reply With Quote
Old August 26th, 2016, 05:41 AM   #666
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

One Kai Tak prices defended as 'reasonable'
August 26, 2016
The Standard Excerpt





China Overseas Land (0688) launched the first price list for 110 flats at One Kai Tak - the first and only "Hong Kong Property for Hong Kong People" project.

A market source said around 320 potential buyers have submitted checks for an oversubscription of two times.

The units range in size from 376 to 833 sellable square foot, and in price from HK$5.82 million to HK$14.66 million, or HK$12,742 to HK$15,563 per ssf.

As the maximum discount is 15.5 percent off listed prices, the average per ssf cost would be about HK$14,465.

China Overseas Property managing director Tony Yau Wai-kwong said the price list reflects the value of properties located at Kowloon city center.

He described the prices as reasonable, pointing out that developers in Ma On Shan are also asking for HK$14,000 to HK$15,000 per ssf.

While locals get priority, but when Chief Executive Leung Chun-ying launched the HKPHKP policy, he made no stipulation on selling prices, Yau said.

The cheapest is a 386 ssf unit, priced at HK$4.92 million, or HK$12,742 per ssf, after discount.

"Although the location is good, being near MTR stations, the pricing is still too high," said Kwok, a potential buyer at the show flats yesterday.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

Zaz965 liked this post
hkskyline no está en línea   Reply With Quote
Old September 24th, 2016, 06:26 PM   #667
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

The Standard Excerpt
One Kai Tak project sells out as market heats up
Sept. 12, 2016

One Kai Tak sold out its latest batch of flats within a few hours yesterday.

The batch of 221 units saw a 30 times over-subscription on the weekend, despite a 2 percent price hike for the most recent priced units.

Prices for the last 100 units released ranged between HK$12,974 and HK$19,543 per salable square foot after discounts.

Counting the units sold the previous weekend, more than 520 flats at the "Hong Kong property for Hong Kong people" project have been off-loaded, leaving only a small number of four- bedroom units that the developer, China Overseas (0688), said may be put up for tender.

The second phase of One Kai Tak is expected to be put on the market later this year.

China Overseas managing director Tony Yau Wai- kwong said about 20 percent of purchasers in the first round of sales applied for second mortgages, and about one-quarter of buyers were investors who plan to rent their units out.

At the Kowloon Bay sales registry yesterday, a woman buyer from Beijing said she bought a three bedroom flat at HK$13.5 million.

Having lived in the SAR for more than eight years, she possessed a Hong Kong ID that qualified her to acquire the unit.

She believed that as the first development in the Kai Tak area, One Kai Tak is relatively cheap.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old October 7th, 2016, 06:34 AM   #668
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
Hong Kong’s Kai Tak Sports Park plans are taking shape nicely – but will the government ever approve them?
The Home Affairs Bureau’s army of consultants have been busy spending HK$62.7 million of pre-construction funds – now how long will it take Legco to give them the cash they need to start building?
September 30, 2016

It can be difficult to get an audience with the Hong Kong government’s sporting powerbrokers.

The only time I’ve met Yeung Tak-keung, our first commissioner for sports who was appointed in January, was some 18,000 kilometres away as we watched Tiffany Chan Tsz-ching in action at the Rio Olympics golf course.

So it was refreshing that a senior official in Yeung’s department, the Home Affairs Bureau, briefed members of the sports industry this week on the latest state of plans for Kai Tak Sports Park at an event organised by the Business of Sport Network.

A quick recap if you’ve not been paying attention: 18 years after Kai Tak Airport closed, the prime harbourfront land on Kowloon Bay is still essentially waste ground.

Plans for the sports park, which will have a 50,000-seat stadium with retractable roof, indoor stadium and a public community sports ground were mooted many years ago, with little progress made since.

But in July 2015, after a protracted battle, Legco’s finance committee finally signed off on HK$62.7 million in pre-construction funds, which have been funnelled to an “army” of consultants (the HAB official’s description).

KPMG is one of the primary advisers and we saw a presentation on the latest developments at its office in Central.

A lengthy environmental impact assessment has come to an end, with noise the main concern. Given that local residents near Hong Kong Stadium even had the gall to complain about a concert to raise money for the children of Sars victims back in the day, we shouldn’t be surprised.

In a city where there’s constant jackhammering and car-horn blasting, god forbid anyone should hear some occasional cheers or boos or music.

The government’s genius plan in 1994 to solve Hong Kong Stadium’s ‘noise problem’ was to propose that concert-goers be issued applause-suppressing gloves, the kind of visionary thinking that explains why Kai Tak is taking so long.

Kai Tak will have a retractable roof, so residents of tower blocks to be constructed nearby (of course there is a property development component) should have delicate eardrums protected.

A key challenge and obvious major concern for officials is the pitch. Since the Hong Kong Stadium surface has been an absolute embarrassment ever since a ball was first kicked on it, that’s no surprise.

Several divisions of that army of consultants are tasked with turf issues; limiting the stadium to 30 events a year, as is the pathetic case at Hong Kong Stadium, is not an option.

The likely solution will be to have fields of turf growing on the mainland, to be shipped in and installed at the stadium as required.

Plans for the indoor stadium are still evolving. Sporting chiefs from badminton, volleyball and the like scoffed at initial proposals that it have a mere 4,000 seats; the current proposal is for 7,000 with 10,000 being considered.

More : http://www.scmp.com/sport/hong-kong/...ill-government
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

kunming tiger, Zaz965 liked this post
hkskyline no está en línea   Reply With Quote
Old October 18th, 2016, 03:11 PM   #669
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
Hong Kong population of new Kai Tak development area to increase by almost 30 per cent
Government is also proposing park to house Song Dynasty cultural relics found in the area
October 17, 2016





The population of the new Kai Tak development area will increase by almost 30 per cent, according to the latest government proposal to further relax the site’s development density.

The government also proposed to rezone part of a planned road, a government site and a commercial area to public open space to create a heritage park, where ancient relics including old wells and coins discovered in a previous excavation will be displayed.

Following the latest review of the 320-hectare site in East Kowloon – the home of the former Kai Tak airport – the government suggested increasing the total number of flats by 28 per cent to 49,900 to house 134,000 residents, compared to a population of 105,000 in the original plan approved in 2007.

This will be achieved by rezoning four sites – including three earmarked for hotels – for housing, as well as increasing the plot ratio for 15 out of 29 sites by up to 44 per cent from 4.5 to 5 times to 6.5 times.

But a Planning Department spokesman said the public-private ratio for the additional flats remained undecided.

He said the government would submit the revised plan to the Town Planning Board on Friday and if the board approved it, the government would make a final decision after consulting district councils and the Harbourfront Commission.

Under the plan, one hectare of land next to Sung Wong Toi Park, where a series of relics dating back to the Song Dynasty (960-1279) were discovered, will be reserved as a heritage park to preserve the artefacts, which are deemed of high archaeological value.

Kowloon City district councillor Yeung Chun-yu of the Association for Democracy and People’s Livelihood worried that the higher density and extra population would worsen Kai Tak’s traffic situation, especially when the new Central Kowloon Route is not expected to open until 2023.

Yeung said several housing sites with a relaxed density were accessible only through a single road. He added that there was a lack of bus or tram connections between different housing sites and the Kai Tak MTR station, which is expected to open in 2019.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

el palmesano, Zaz965 liked this post
hkskyline no está en línea   Reply With Quote
Old October 18th, 2016, 05:18 PM   #670
lawdefender
Registered User
 
Join Date: Aug 2013
Posts: 727
Likes (Received): 1281

Kai Tak development area for residence should be constructed by the government agency and sell to the people who need mostly according to the certain quarlification. The apartment price is too high for many Hong Kong people who earn the average income.
lawdefender no está en línea   Reply With Quote
Old October 19th, 2016, 11:08 AM   #671
angrybird2411
BANNED
 
angrybird2411's Avatar
 
Join Date: Feb 2014
Posts: 53
Likes (Received): 48

The Skypod does look pretty interesting and it is a piece of art over the harbour. Hope it'll get built, but it's no doubt it's an expensive structure.
angrybird2411 no está en línea   Reply With Quote
Old November 27th, 2016, 06:07 PM   #672
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
Sogo parent Lifestyle International to bet HK$14bn on a revival in Hong Kong retail sector
November 27, 2016

Sogo department store operator Lifestyle International’s decision to splash out HK$7.4 billion for a plot of land in Kowloon on which to build a massive shopping complex comes at a time when the city’s beleaguered retail landscape see initial signs of stabilisation.

The iconic mall owner agreed to pay the highest price for a government commercial site in history, even after it reported in August a 49.9 per cent interim profit plunge to HK$587 million amid dwindling tourist arrivals and lukewarm domestic demand.

“Besides Sogo department store, we will also bring in other commercial, entertainment and dining facilities in the proposed development,” said Terry Poon Fuk-chuen, chief financial officer of Lifestyle, without disclosing the total investment cost.

But experts estimated that together with construction costs and interest expenses, the development could end up costing up to HK$14 billion.

“Lifestyle had been understood to be searching for a site in Kowloon for a while, but that they were happy to pay such a huge sum did catch us by surprise,” said Mariana Kou, head of Hong Kong consumer research with CLSA. “It will be interesting to see how it is going to settle financing costs with rising debt levels.”

The East Kowloon site is designated for an iconic twin-tower project in what the city government hopes will become the second central business district, featuring high rises office blocks as well as residential quarters.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old November 30th, 2016, 07:57 AM   #673
kony
Registered User
 
kony's Avatar
 
Join Date: Jan 2003
Location: Hong-Kong / Paris
Posts: 5,370
Likes (Received): 1241

Quote:
Originally Posted by hkskyline View Post
South China Morning Post Excerpt
[B][SIZE="4"]
The East Kowloon site is designated for an iconic twin-tower project in what the city government hopes will become the second central business district, featuring high rises office blocks as well as residential quarters.

anyone knows more about this , any rendering yet ?
kony no está en línea   Reply With Quote
Old November 30th, 2016, 03:01 PM   #674
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
Plan to turn old Hong Kong airport site into hub for government facilities confirmed
Revenue Tower will make switch from Wan Chai in 2022, with hi-tech public hospital opening two years later
November 30, 2016

The old Kai Tak airport site in West Kowloon is on course to become a hub for government facilities after it was confirmed that Queen Elizabeth Hospital and Revenue Tower will both move to the new development site in the coming decade.

The public hospital that now operates in Yau Ma Tei will be merged with a new 1,700-bed facility in phases starting from 2024, when construction work is due to be finished, Dr Libby Lee Ha-yun, the Hospital Authority’s director of strategy and planning, said.

Lee revealed on Wednesday that the hospital would be equipped with new lines of service, some of them unique in the city. One example is hyperbaric oxygen therapy, a treatment in which patients breath pure oxygen in a pressurised room or tube to repair damaged tissues.

It will also have cyclotron equipment, a specialist form of radiotherapy that targets certain cancers very precisely. So public hospitals would no longer need to purchase such a service from the private sector, Lee said.

She hoped the government would retain the vacated site for medical purposes after the move.

“The city is seeing an increasing demand in medical services due to the rapidly ageing population, and we will need a lot of supply to cope. I hope the government will reserve the site for medical purposes.”

Revenue Tower will make the move from Wan Chai in 2022, freeing valuable office space on Hong Kong Island.

According to a government document submitted to a Legislative Council panel, the new blocks in Kai Wai will provide 45,000 square metres of space to house all the government departments in the tower.

The construction project will be opened for tender in January, with work expected to begin by 2018.

The site will be near Kai Tai station under a new MTR line after completion of the Sha Tin-Central Link, lawmakers were told.

The Kai Tak development spans over 320 hectares in total. In October the government suggested increasing the number of flats to be built there by 28 per cent to 49,900, housing 134,000 residents, compared to a population of 105,000 in the original plan approved in 2007.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old December 10th, 2016, 05:27 AM   #675
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

passing Hong Kong and Victoria Harbour by Jaws300, on Flickr
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

CP11, 8166UY, Munwon, 2mchris liked this post
hkskyline no está en línea   Reply With Quote
Old January 8th, 2017, 05:39 PM   #676
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

Quote:
Originally Posted by hkskyline View Post
One Kai Tak prices defended as 'reasonable'
August 26, 2016
The Standard Excerpt



The Standard Excerpt
One Kai Tak flat prices surge
Jan. 6, 2017

China Overseas Land and Investment yesterday offered for sale 125 flats in the second phase of One Kai Tak - at an average price 22 percent higher than those in the first phase last August.

Prices are up by double digits per salable square foot even after discounts are applied.

Listed prices in the second phase range from HK$7.51 million for a 375-sq-ft apartment to HK$20.78 million for a 799-sq-ft unit.

The discounted average price per ssf in the second phase is HK$17,588 - against the HK$14,471 ssf in the first phase.

China Overseas Property managing director Tony Yau Wai-kwong said the group took into account recent sale and purchase deals in the area and the growth potential of the area around One Kai Tak before setting the price of flats in the second phase.

Prices were determined according to prevailing market levels, Yau said, adding he is not worried that the increase will deter buyers.

Though facilities at the Kai Tak development zone are still under construction, this is unlikely to be a major issue to homebuyers, just like when Bel-Air was first launched in Pok Fu Lam, Yau said.

"I remember when Bel-Air flats were priced at only about HK$4,000 per ssf when it was first launched. Those who bought flats at that time must be happy now," he said.

One Kai Tak is the first and only housing project under the "Hong Kong Property for Hong Kong People" scheme, which is limited to buyers with permanent Hong Kong identity cards.

Yau said China Overseas plans to put on sale flats in the second phase next week at the soonest.

The second phase of One Kai Tak will provide a total of 624 flats.

China Overseas has so far sold 521 out of the 545 units in the first phase.

Prices of residential development sites at Kai Tak have more than doubled in recent years.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

Zaz965 liked this post
hkskyline no está en línea   Reply With Quote
Old January 29th, 2017, 07:13 PM   #677
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
Battle over Kai Tak
January 24, 2017

The Hong Kong government’s plan to add 16,000 residential units and 4.3 million sq ft of commercial space in the Kai Tak area - which will be within a 30 minute train ride to Admiralty by 2021 – is likely to stir up a fierce bidding war for land sites among deep-pocketed developers keen to establish a foothold in the city’s next core business district.

Residential land prices in Kai Tak, the site of the city’s old airport, have surged 160 per cent since 2013 to HK$13,600 per square foot.

“The extra 16,000 units is similar to the size of Kingswood Villa [a major housing development in Tin Shui Wai]. The increase is quite substantial,” said Dorothy Chow, regional director of the valuation department at JLL.

Chow said the government’s move to increase flat supply in Kai Tak by increasing development intensity was an efficient way to ease the housing shortage.

“It will be the largest land supply in an urban area and will become the investment focus of all developers,” she said.

Kai Tak’s new flat supply was set to increase to 50,000 with a target population of 134,000 after Chief Executive Leung Chun-ying unveiled a plan to add 16,000 units when he delivered his last policy speech on January 18.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 5th, 2017, 05:38 PM   #678
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

South China Morning Post Excerpt
HNA pays HK$5.53 billion for its third land parcel at Kai Tak site
With its latest purchase, HNA’s shopping bill in Kai Tak amounted to HK$20 billion in three months
January 25, 2017





HNA Group, which owns hotels and golf courses in addition to its control of Hainan Airlines, has bought its third parcel of development land at Kai Tak, bringing its total shopping bill at Hong Kong’s former airport site to HK$20 billion in three months.

The Chinese company’s unit Top Genius Holdings paid HK$5.53 billion for Kai Tak Area 1L Site 1, according to a Wednesday announcement by Hong Kong’s Lands Department. A spokesman at HNA confirmed to the South China Morning Post that the property and aviation group was behind the purchase.

“It’s no surprise, as the market has been expecting HNA to continue its buying spree in Hong Kong,” said Vincent Cheung Kiu-cho, executive director of valuation and advisory services for Asia at Colliers International.

HNA’s winning bid translates into HK$13,000 per square foot, about 27 per cent higher than the price struck in December by casino tycoon Lui Che-woo’s K Wah International, which paid HK$5.87 billion, or HK$10,220 per sq ft, for its second parcel at Kai Tak.

The latest price is also a 10 per cent premium over market valuations, establishing a benchmark for the area, valuers said.

“HNA has pushed land prices to a new level in Kai Tak,” said Cheung. “The area’s market price is unlikely to fall below HK$10,000 per sq ft at the next tender.”

With its latest purchase, HNA now controls three parcels of land in Kai Tak, equivalent to an estimated 1.5 million sq ft of residential gross floor area.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 20th, 2017, 04:59 PM   #679
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

The Standard Excerpt
Local snaps up 15 flats amid hot weekend sales
Feb. 20, 2017

Developers enjoyed a fruitful weekend as various new residential projects recorded brisk sales, while home transactions in the secondary market were also on the rise.

K Wah International (0173) sold all 208 flats available at its Kai Tak project - K.City - on Saturday, reaping about HK$2 billion.

Company general manager Tony Wan Wai-ming said one first time buyer spent HK$140 million to snap up 15 flats at the development.

The buyer, reportedly from Hong Kong, mostly purchased two-bedroom units as part of one sales and purchase agreement.

K Wah had launched its third price list comprising 152 units at K.City on the weekend, and will put on sale another 168 flats on Wednesday.

Weekend discounted prices ranged from HK$6.2 million to HK$18.2 million, or between HK$16,772 and HK$22,961 per saleable square foot. Wan said there was no significant adjustment from earlier price lists, as the firm wanted to maintain momentum.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old February 27th, 2017, 02:53 PM   #680
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17798

7,500 more flats landing at Kai Kak
The Standard Excerpt
Feb. 24, 2017





The government will launch 28 residential sites in fiscal 2017-18 - including 20 new ones - with the Kai Tak development zone the major focus of this year's land sale program.

The 28 residential sites will provide 18,910 flats, with 13,810 of those coming from the 20 new sites.

Among the new residential sites, eight - with about 7,500 flats - will be at Kai Tak.

Secretary for Development Eric Ma Siu-cheung said yesterday the eight Kai Tak sites are undergoing town planning procedures and he is confident the sites can be launched in the second half of the fiscal year.

Ma said sites at Kai Tak are rare large-scale areas in the center of Kowloon and the bureau will review how to increase the development density of the area to allow for more economic activities.

Knight Frank senior director Thomas Lam Ho-man said land sale program with Kai Tak as a major focus can help speed up the development of the district.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!

8166UY liked this post
hkskyline no está en línea   Reply With Quote


Reply

Tags
hong kong

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 09:10 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu