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Old August 9th, 2017, 06:35 AM   #701
kunming tiger
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Following is the transcript of remarks by the Secretary for Home Affairs, Mr Lau Kong-wah, after attending the meeting of the Finance Committee of the Legislative Council today (June 23):

Reporter: What is the next step? When can we expect the project to be really started? And I mean, like, people have been blasting the project as just a hardware upgrade and no substance has been put into promoting sports really, so how will you defend that?

Secretary for Home Affairs: The next step we are going to do is to go into the tendering process and we hope that the construction period will be started in the middle of next year.

Apart from the hardware of the Kai Tak Sports Park, also (we have) the sports facilities in the districts, varied in 18 districts. We hope that after the constructions of all those sports facilities, we can have lots of room for the youth talent to have the places to have their training there. That is a very important step for the sports development in Hong Kong.


Yes a stadium on this scale begs the question of the lack of sporting tenants to play top class events there on a regular basis. I assume it is part of a longer term strategy in HK
starting the pathway from grassroots to the elite level.
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Old August 12th, 2017, 06:33 PM   #702
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HK$32 billion Kai Tak Sports Park project attracts more bidders than expected
Home affairs chief says out of six, three to be shortlisted to create a design before the government picks the winner
August 12, 2017
South China Morning Post Excerpt

The long-awaited sports park project at the site of the former Kai Tak airport has attracted six bidders, which is better than expected, according to the Hong Kong government.

In June, the city’s legislature granted cash for the HK$31.9 billion complex even as critics raised concerns over its pro-business financial arrangements, and the possibility of it becoming a white elephant.

Secretary for Home Affairs Lau Kong-wah, speaking on a radio programme on Saturday morning, revealed that the project received six bidders by the July deadline.

“It was more than what we had expected. We will choose three among the six as truly competitive bidders,” Lau said, adding that the number showed the bidders had confidence in the project.

The final three bidders will be given half a year to design the project, according to Lau, with the winner expected to start work in the middle of next year and finish within the current government term ending in 2022. The two runner-ups would be compensated HK$60 million each, an issue which has been a sticking point with the pan-democratic camp.

Lau said he had three hopes for the project: “First, we hope it would not turn into a white elephant. It will host many competitions and activities. Second, we want it to be sustainable … and [third, we hope] the public could really enjoy it.”

The 28 hectare complex will include a 50,000-seat stadium, a 10,000-seat indoor arena, a 5,000-seat community sports ground, shopping areas and a “dining cove”.

Taxpayers will foot the construction bill, and the winning bidder will be responsible for designing, building and operating the sports complex under a 25-year contract.
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Old August 17th, 2017, 06:45 AM   #703
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The Standard Excerpt
More flats at Kai Tak on way
8 Aug 2017

China Overseas Land and Investment (0688) is to roll out 108 flats at One Kai Tak Phase 2, priced at HK$18,709 to HK$24,773 per square foot.

The latest batch for sale accounts for 17 percent of the total units, with sizes range from 375 sellable square foot one- bedroom flats to 799 sq ft three-bedroom homes.

One Kai Tak Phase 2 provides 624 units in seven towers. Construction is expected to be completed in October. Phase 1 of the project provides 545 units.
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Old November 11th, 2017, 06:49 PM   #704
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'New landmark' project at Kai Tak now under way
The Standard Excerpt
17 Oct 2017

Construction work at HNA's four residential plots at Kai Tak began yesterday, where the group aims to built about 1,900 flats with a pre-sale launch expected in the third quarter of 2019.

Hong Kong International Construction Investment Management Group (0687), one of HNA's three listed subsidiaries in Hong Kong, has injected HK$728 million into the project. And it has formed an investment fund worth HK$6.03 billion with Hisea International to develop the Kai Tak site.

Hisea is a wholly owned HNA subisdiary and accounts for about 88 percent of the fund. Hong Kong International Construction Investment Management, an indirect wholly owned subsidiary of HNA, holds the remaining 12 percent.

But indications last month were that the Hong Kong Monetary Authority was tightening scrutiny over banks' exposure to HNA Group, which is headquartered in Hailou, Hainan. At least four banks were reportedly stopped from helping fund construction activities.

The group bought the four plots at Kai Tak, which cover about two million square feet, last year, and HNA has said combining all four sites into one development project is making for an integrated residential complex that will become "a new landmark."
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Old November 18th, 2017, 05:53 AM   #705
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DSC01020 by Martin Ng, on Flickr

DSC00981 by Martin Ng, on Flickr

DSC01136 by Martin Ng, on Flickr
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Old December 6th, 2017, 06:23 PM   #706
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Three-way tussle to build new Hong Kong sports park includes French and mainland Chinese bids
Consortiums headed up by New World Development and an Alibaba subsidiary among contenders for project which could bring in annual profits near HK$300 million
November 24, 2017
South China Morning Post Excerpt

The battle to run a showpiece project at the site of Hong Kong’s old airport was heating up on Thursday, with consortiums from the mainland, Hong Kong and France in the final running for the HK$32 billion sports park contract.

Three consortiums – headed by an Alibaba Group subsidiary, New World Development and Dragages Hong Kong respectively – made the Home Affairs Bureau’s shortlist to design, build and run the complex on a 25-year lease, sources said. Three other bids did not make the cut.

The finalists have six months to design the project, with the winner expected to start work in the middle of next year, and finish it before the current government’s term ends in 2022.

The sports park, a 28-hectare site where the city’s Kai Tak airport used to be, will have a 50,000-seat multipurpose stadium with a retractable roof, a 10,000-seat indoor arena and a 5,000-seat community sports ground, plus shopping and dining areas. It is expected to generate up to HK$300 million in annual profits.

“The three companies are selected but they still need to wait for the government’s tender document for official entry,” a source familiar with the bid said.

More : http://www.scmp.com/news/hong-kong/e...-park-includes
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