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Old November 10th, 2007, 05:46 PM   #1
hkskyline
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HONG KONG | LOHAS Park The Capitol | 66-70 fl x 5 | Com



Site Area - 32.68 ha
# Flats - 21,500
Average Flat Size - 70-80 square m
# Towers - 50
# Stories - 46-57
Retail FGA - 40k-50k square m

Website : http://www.lohaspark.com.hk


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Old November 10th, 2007, 05:47 PM   #2
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Green, green grass of home
Hong Kong Standard
Thursday, November 08, 2007




Here's a new town-planning concept for Hong Kong - MTR Corp's (0066) new residential district in Tseung Kwan O doesn't just have homes; it also incorporates a lifestyle.

The name of the project - LOHAS Park - makes it clear: LOHAS is an acronym for "lifestyle of health and sustainability." It is a combination of personal care and concern for the environment.

"People living here can lead a green life without compromising on quality of life," Steve Yiu Chin, MTRC chief manager for town planning, told The Standard in an interview.

"The place was already designated as an 'environmental protection city' when we began planning in 2002. But after the SARS epidemic in early 2003, we added a slight twist and included an element of 'health' as it is also very important to care for oneself."

Formerly Dream City, it will sit atop the MTR Tseung Kwan O South Station, to be operational in 2009, and just north of the Tseung Kwan O Industrial Estate. The district is a large project, Yiu said, and will accommodate 58,000 residents in the 3.55 million- square-feet site area.

Fifty residential towers will be erected, offering 21,500 apartments, or 36 percent more than Kingswood Villas in Tin Shui Wai, another large-scale development.

The park's key feature will be 1.4 million sq ft of common area with greenery taking up 40 percent area of the whole site, or twice as large as Hong Kong Park in Admiralty.

The common area will include a 200,000 sq ft park and a 330-meter promenad
e overlooking Victoria Harbour.

Although as many as 3,000 trees will be planted in the area, Yiu said, the exciting thing is not only the large proportion of green space, but the way these amenities are situated.

The planning will separate people and cars - pedestrians can walk to various facilities without having to cross a road since all the places are linked with covered walkways.

To encourage walking, distances between different facilities have been carefully calculated, "so that people won't get too tired walking."

Bicycles are also encouraged in the district. "Riders can begin at their own flat, enjoy a scenic ride along the promenade, then park their bikes outside the MTR station and take the train."

The garden will need no fresh water as the developer installed a 440,000-liter water-recyling system to collect rain and household waste water for the plants.

Yiu said the company is studying the feasibility of a kitchen waste processing system in its shopping mall, as an effort to live up to the development's promise of sustainability.

Unlike anything in the New Territories, Yiu pointed out, this projects enables residents to enjoy both a rural environment with lots of greenery but still have the convenience of city living as they will be close to the MTR.

If you are wondering just how "natural" the air ventilation can be in a densely built condominium project, Yiu said buildings will be left with sufficient space to allow wind to blow through. Although the development is not far away from landfill, appropriate town planning should avoid the problem of smell, Yiu said.

LOHAS Park will be divided into nine to 13 phases, which are to be completed between 2009 and 2015.

The first phase, Capitol, is situated on the east side of the project and has 1.38 million sq ft of floor area. Market sources said presale may start as soon as this week. Each of the 1,648 apartments will be sold at above HK$6,000 per sq ft.
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Old November 10th, 2007, 08:09 PM   #3
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$3.3b premium for MTR project
Hong Kong Standard
Saturday, November 10, 2007

The company that wins development rights for phase 3 of Lohas Park above the future Tseung Kwan O South station will pay a land premium of HK$3.34 billion, sources said.

The tender for the project to build 1,628 units closes on November 23. The winning bidder will also pay HK$160 million to MTR Corp (0066), the project's landlord.

The premium, which works out to HK$2,410 per square foot, falls short of market expectations of HK$3,000 to HK$3,600 psf. The accommodation value is nearly the same as phase 2, won by Cheung Kong (Holdings) (0001).

This time MTRC will not provide special financing facilities to the developer. MTRC paid half the land cost for the first phase, and provided interest-free loans for phase 2.

Those arrangements were seen as a way for MTRC to lure more medium-sized developers to submit bids.

"The more conservative premium was still reasonable, as the developing area away from the town center is still short of accommodation," Centaline Surveyors managing director Victor Lai Kin-fai said. He said he suspected views in phase 3 will be blocked by buildings in phase 2.

Lai said developers will also wait for the sale of units in the first phase, which is called Capitol. Cheung Kong, which is developing the site, is asking at least HK$6,000 psf while the prevailing prices of new flats in Tseung Kwan O are around HK$4,000 psf on average.

Midland Realty Surveyors director Alvin Lam Tsz-pun said the premium itself would make the project more attractive to mid-tier builders.

Selling the apartments above HK$5,000 psf would give a reasonable profit for the developer, Lai said. Lam estimated the units would be sold at HK$6,000 to HK$7,000 psf.

Last month MTRC received 15 expressions of interest for the development rights of phase 3, including big names such as Cheung Kong, Henderson Land Development (0012) and Sun Hung Kai Properties (0016). Smaller firms such as HKR International (0480) and Kerry Properties (0683) are also keen.
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Old November 24th, 2007, 03:50 PM   #4
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MTRC housing project draws five tenders
Hong Kong Standard
Saturday, November 24, 2007

MTR Corp (0066) has received five tenders from the 15 real estate developers it invited to bid for the HK$7 billion Lohas Park Phase 3 housing project.

Smaller developers apparently were not interested because of the relatively large size of the project atop the future Tseung Kwan O South station, said Savills Valuation and Professional Services managing director Charles Chan Chiu-kwok.

"Cheung Kong has an edge over other developers as it would enjoy economies of scale," Knight Frank executive director Alwnick Chan Chi-hing said.

Cheung Kong (Holdings) (0001), the city's No 2 developer by market value and winner of the previous two Lohas Park phases, submitted a tender. Henderson Land (0012), New World Development (0017) and K Wah International (0173) said they bid for the development rights on their own. The fifth developer has not been identified.

MTRC property director Thomas Ho Hang-kwong said he was "satisfied" with the number of bidders.

The winner of the 1.38 million square foot project will pay a land premium of HK$3.34 billion, which translates to HK$2,410 per square foot. Unlike the previous two phases, MTRC will not provide financing facilities to the developer.

Market watchers expect units in Phase 3 to sell for HK$5,000 to HK$7,000 psf when the project is completed in 2012.
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Old November 24th, 2007, 07:56 PM   #5
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wow, 50 towers is much! great project for HK
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Old November 29th, 2007, 03:55 AM   #6
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Lohas Park project will be an oasis in a concrete city
28 November 2007
South China Morning Post

A small city such as Hong Kong has few options for getting close to nature but that will change when the Lohas Park project is built because it will be an oasis of green.

The project is being developed by the MTR Corporation and it will be one of the greenest and most spacious residential projects in Hong Kong. The site, nestled in Clearwater Bay peninsular, will be self-contained with convenient transport such as the future MTR link.

"It will meet the growing demand of Hong Kong people for a healthy and sustainable lifestyle," said Steve Yiu-chin, chief manager - Town Planning of MTR.

"Despite being away from the heart of the city, residents will be able to enjoy the easily accessible transport and the facilities a modern city offers."

The first phase of the 33-hectare park is expected to be completed in 2009, but the whole project will not be ready until 2015. About 40 per cent of the development will be covered with shrubs, trees and plants.

"The park will have well-linked and covered walkways for residents to go to different facilities without having to cross a road. There will also be cycling tracks and bicycles are encouraged in the district. Non-polluting shuttle buses will also be available for residents in the park," he said.

The park's water recycling system will be one of the largest in the territory. A 440,000-litre water recycling system will be installed to collect rain and household waste for watering plants.
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Old November 29th, 2007, 05:13 AM   #7
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Any tower renders? I'm hoping that this area will not feature 50 monotonous towers all of roughly the same height...like Tai Koo Shing.
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Old November 29th, 2007, 07:46 PM   #8
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Quote:
Originally Posted by Skybean View Post
Any tower renders? I'm hoping that this area will not feature 50 monotonous towers all of roughly the same height...like Tai Koo Shing.
Also see: http://www.skyscrapercity.com/showthread.php?t=442380


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Old November 29th, 2007, 07:57 PM   #9
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Looks monotonous (ok so the footprints arent) but they are still tall, all monotonous, and all ugly...

And looks like a bunch of walls to me! Sigh I wish they built the towers properly for once
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Old December 22nd, 2007, 04:51 AM   #10
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Healthy living truly Capitol
Hong Kong Standard
Thursday, December 20, 2007

A revolutionary change in lifestyle is about to begin with LOHAS Park. Offering a green and healthy environment without sacrificing the luxuries of daily life, LOHAS, or Lifestyles Of Health And Sustainability, Park will soon launch The Capitol, its first phase.

The Capitol will consist of 2,096 residential units in its first phase with an estimated move-in date in 2009. According to its developer Cheung Kong Holdings, it will be available in batches later this year. Show flats are now available for viewing in response to the overwhelming response from the market.

The Capitol show flats highlight two types of luxury units from 682 to 686 square feet, ideal for those in pursuit of stylish living. These two-bedroom flats feature lofty ceilings and practical layouts to maximize space. The spacious balcony not only gives mesmerizing views of the verdant hills or the harbor, but also brings in fresh air and natural light into the home.

Kitchens are fully equipped with premium cookware such as Cristal stoves and Philco home appliances, while bathrooms are tastefully decorated with mosaics and marble tops. Noise-free kitchen cabinets and toilets will be installed for ultimate tranquility. In line with its eco-friendly lifestyle, The Capitol is fitted with induction cookers for flameless cooking.

Situated directly above the Tseung Kwan O MTR station, LOHAS Park provides fast connections to the rest of Hong Kong.

At its center will be a huge Central Park with abundant greenery and recreational facilities to suit every need.

Shopping arcades in the neighborhood will also give residents a life of convenience and enjoyment.
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Old December 24th, 2007, 04:20 AM   #11
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Green living goes big
An upmarket lifestyle concept is behind MTR Corp's project to build an eco-friendly town, but not everybody is convinced
23 December 2007
South China Morning Post

They may sound like something out of Gulliver's Travels - but Lohasians are big business in the US.

The American non-profit organisation Lohas, which coined the acronym that stands for Lifestyles of Health and Sustainability, claims high-end consumers account for 15 per cent of adults in the United States - or 35 million people.

And their demand for organic products and energy-saving devices has spawned a US$209 billion market that has big mainstream companies like Wal-Mart and Ford Motor Company chasing their business.

The Lohasians, also known as Cultural Creatives, bear hallmarks of the 1960s hippie movement but there is one big difference: they are highly educated, upscale professionals with plenty of money to spend.

The movement began eight years ago in the US and it has now begun to take off in Australia as well as in Japan, where the name has been adopted by stores and coffee shops. In South Korea, it is used to designate imported natural and organic products. Singapore claims the label for being a clean city with good public gardens and Taiwan has a Lohas department store.

And now Hong Kong is getting in on the act with Lohas Park, a giant new housing development targeting the new breed of eco-consumer and believed to be the first of its kind in the world.

The MTR Corporation has dreamed up an "environmentally friendly township" that will be the territory's biggest-ever single development.

The size of a small town, Lohas Park will fit 58,000 residents into a site covering less than 33 hectares in 50 tower blocks of up to 54 storeys. The brownfield development, which will sit above the forthcoming Tseung Kwan O South MTR Station and existing train depot, is bordered by sea and hills on three sides and a landfill site on the fourth.

About 40 per cent of the site - an area twice the size of Hong Kong Park - will be open space, including a 200,000 sq ft Central Park, a 330-metre harbourfront promenade and 3,000 trees.

The vast development, first conceived in 1999, is due for completion in 2015. It is being built in at least nine segments, in partnership with developers who win contracts through bidding and must meet the MTR's design specifications. Cheung Kong (Holdings) has secured the first three phases, of which the first is under construction and due to be completed in 2010. The third phase - worth US$7 billion - was awarded last month.

The segments will fit together to create a giant podium - intersected by roads at ground level and linked by aerial walkways - that has been designed to encourage walking and cycling.

No tower will be more than 10 minutes' walk from the station and each will have its own cycling park and dedicated cycling path.

"On the podium level, these 58,000 people don't have to interact with cars," Steve Yiu Chin, general manager for town planning with the MTR Corporation, says. "They can go to the park, the shopping centre, the station, the schools and the kindergarten without crossing a street.

"It means children and old people can move freely around the site without fear of accidents. And travel to the city takes only about half an hour. That's why we think it will have appeal for these Lohas people.

"We think that this market trend of people caring more about health and sustainability will continue and more and more people will buy into the concept. And Hong Kong is full of part-Lohasians already. We hope that many of them will come to Lohas Park and we can help them to become full Lohasians."

The plot ratio of the complex - a key measure of building density that compares the site's total land area with the gross floor area - is 1:5, well below the maximum of 1:8 for Tseung Kwan O and 1:10 for Hong Kong Island.

Mr Yiu says tests have been carried out in a wind tunnel on a model of Lohas Park in an effort to position the towers to maximise air circulation and reduce the "wall effect" that contributes to higher urban temperatures.

"By stipulating that the tower blocks are between 50 and 54 storeys high, we have been able to provide more open space and parkland," he says. "You can spare more land for open space by going higher. We will design the shopping centre to use natural lighting and we are investigating whether it would be feasible to introduce a composting system for leftover food from the shopping centre to fertilise the gardens.

"And we are investigating whether to require the estate management team to use hybrid cars."

Waste water from some apartments will be recycled for watering the gardens and cleaning the streets, and an air conditioning system cooled by sea water will be installed in the shopping mall to cut energy use. Public areas will be fitted with power-saving lights, such as long-life fluorescent lamps and light-emitting diode exit signs. Appliances fitted in apartments will have to meet Grade I energy efficiency labelling standards.

However, the ratio of parking spaces to households - one to every five to seven apartments - would be similar to other recent MTR developments.

"We have considered including solar panels in the development, but we have not identified any way that we could incorporate them in the plan," Mr Yiu says. "We would like to use wind power, as well, but we haven't made any decision yet."

He says the overall energy saving that will be achieved through the various eco-friendly features at Lohas Park is expected to be about 17 per cent.

Beijing is a signatory to the United Nations Framework Convention on Climate Change and its Kyoto Protocol and extended the two treaties to Hong Kong in 2003. But as a developing country, China does not have to meet mandatory emission limits and reduction targets, and Hong Kong is treated the same way.

The government has joined the C40 group of cities set up by London Mayor Ken Livingstone that is leading efforts to reduce urban emissions, but this, too, does not bind the city to any firm targets.

In the absence of regulations, therefore, it is up to developers to set their own environmental targets - if they choose.

Local environmental advocates welcome green developments in principle, but question Lohas Park's environmental credentials.

"We welcome a more responsible infrastructure development in Hong Kong," Liam Salter, head of the WWF Hong Kong's climate programme, says.

"We won't solve climate change without changing the way that we plan and build people's homes. The fact that this development encourages walking and the use of public transport is positive. But the crucial question is how energy efficient the apartment blocks themselves are.

"To meet high environmental standards, this development would have to achieve significant improvements in energy efficiency, which means reducing energy consumption in the home.

"An overall energy saving of 17 per cent compared to conventional Hong Kong designs is not ambitious enough. They should be able to cut energy use by at least 30 per cent."

Mr Salter notes that the MTR has not used "the Hong Kong Building Environmental Assessment Method codes at the planning stage to demonstrate the project's environmental credentials".

"The HK-Beam Society recommends that building codes should be used early on in the project cycle so that developers can ensure their projects are genuinely environmentally sound and can improve the design if necessary."

Paul Zimmerman, co-founder of Designing Hong Kong, a non-profit group promoting community involvement in urban planning, says: "It's good that the MTR Corporation is setting an example and I expect other developers will follow suit. But we hope that they can take more aggressive steps to lower energy use.

"It sounds like they are picking the low-hanging fruits and doing things that are fairly easy to achieve.

"And the risk is that people become sceptical about the claims of green developments and then start losing respect for the concept.

"The developers have to take a lead in cutting our greenhouse gas emissions and waste generation because the opportunities available for individuals to cut their carbon footprint in Hong Kong are very much determined by the buildings.

"If you really want to make progress in Hong Kong, it is going to be very questionable whether we can just work with voluntary schemes. I believe this requires legislation."

An MTR spokeswoman says it will be applying in due course for certification under the HK-Beam scheme.
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Old December 24th, 2007, 08:42 AM   #12
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Typical East Asian development. Dismal. Hong Kong residents can go on another spree of unit buying. Or are they already sold out?
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Old December 26th, 2007, 06:44 PM   #13
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12/26

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Old January 9th, 2008, 06:23 PM   #14
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Green map shows way to better life
Hong Kong Standard
Wednesday, January 09, 2008

"Lifestyles of Health and Sustainability" - or simply LOHAS - has now become the theme of Hong Kong's very first green map, taking people on a journey toward sustainable development and green lifestyle.

The group behind the mapping, Green Map Hong Kong, hopes that with the help of volunteers, the map can trigger people's curiosity about their surroundings for simple sustainable living.

The idea is rooted in a New York City non-governmental organization "Green Map System," founded in 1995. The movement has crossed oceans, with green maps plotted in 51 countries so far.

Ten Asian countries, including China, Thailand and Japan, have participated in greenmapping and Hong Kong's own has become the 349th registered green map.

Hong Kong's country parks, old shops and heritage buildings are among the main attractions.

Six symbols, among a total of 48, are specially created for the city - hiking routes, heritage trails, temples, walled villages, second-floor bookstores and old shops.

Other attractions include organic markets, cultural facilities, green buildings, flea markets and wind turbines.

The group's project director and architect, Winnie Chan Yuen-lai, told The Standard she came across a book about the grassroots movement and was touched by it. Together with a few friends, the group's Hong Kong chapter was set up.

Architect So Kwok-kin, another project director of Green Map Hong Kong, hoped the map will inspire people to explore their surroundings and understand the beauty in sustainable living.

"We have limited resources in the world. We should live a balanced lifestyle without harming our next generation's future," So said.

With HK$240,000 from the Council for Sustainable Development, the group recruited more than 50 volunteers from a wide spectrum last May for map-making.

These mapmakers explored the streets and neighborhoods of Hong Kong to chart 420 attractions.

During the process, many volunteers explored districts and routes they would have never crossed in their daily life.

Psychology student Emily Law Hoi-tung said she would not have known a park is located atop some stairs on Middle Road.

The group hopes to upload the map onto the internet - members are crossing their fingers as the application to the council is still pending.
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Old January 23rd, 2008, 06:59 PM   #15
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Backpay row brings traffic to standstill
10 January 2008
Hong Kong Standard

Traffic in Tseung Kwan O came to a standstill for two hours yesterday when 50 workers from a construction site blocked a road to demand HK$1 million in back wages.

The workers from Cheung Kong (Holdings)'s Lohas Park project said a subcontractor had not paid them from as far back as September.

They tried to enter the site in the morning to meet with their employer but were refused entry. They then blocked Wan Po Road and shouted slogans such as ``got sweaty, no money.'' The road is the main traffic artery connecting the district center with Tseung Kwan O Industrial Estate.

The blockade led to a traffic snarl that stretched for one kilometer.

One of the demonstrators said the workers are in need of money with the Lunar New Year only weeks away.

Since their employer had shown little interest, they decided to take action, following the example set by bar benders last year in their battle for wage increases.

Road users were not happy.

``I support the workers' right to get paid but I do not support their action,'' said a truck driver stuck on Wan Po Road. ``When their action affects other road users and the public, it is unjustifiable.'' Around noon, seven worker representatives were taken into the site to negotiate with the employer. Police persuaded the other workers to move out of the road and the traffic flow resumed.

Contractor Able Engineering said the pay delay was due to the developer's dissatisfaction with parts of the project, adding that workers will receive their pay if their working hours are accurate.
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Old February 14th, 2008, 04:20 AM   #16
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Cheung Kong gets go-ahead to pre-sell units
Hong Kong Standard
Wednesday, February 13, 2008

After months of waiting, Cheung Kong (Holdings) (0001) has finally received consent to pre-sell its residential project The Capitol in Tseung Kwan O.

"As buyers may be out of town right now, we are not planning on selling flats this week. The Capitol will go on sale next week at the earliest," Francis Wong See-chung, director of Cheung Kong Real Estate, said yesterday.

Wong said the initial indicative unit square-foot price would be HK$5,700 to HK$5,800.

A massive marketing effort for the project began in mid-October, but the sale has been delayed for almost four months as the developer failed to obtain pre-sale consent on time.

The Capitol is a joint project with MTR Corp (0066) and is the first phase of Lohas Park located on top of the future Tseung Kwan O South Station. It is situated on the eastern side of the district and has 1.38 million sq ft of floor area. It is priced at 10 to 20 percent above other new apartments in the district. Another new development in Tseung Kwan O called MetroTown which was developed by Cheung Kong is selling at HK$5,036 psf, while the Grandiose by New World Development (0017) and the MTRC is selling at HK$4,370 psf.

Wong said earlier that pricing would hinge on prices in Taikoo Shing in Island East - which is now worth more than HK$7,000, according to Midland Realty transaction data. However, the developer expects to raise the target price to HK$7,300 psf by year's end. Wong said most of the 2,096 flats in the project will be on sale this year, with 300 to 400 available in the first batch.

Asked about the overall market, Wong predicted home prices will increase by at least 10 percent this year.
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Old March 2nd, 2008, 05:48 AM   #17
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Price tag of new Tseung Kwan O flats a surprise
Hong Kong Standard
Friday, February 29, 2008

Cheung Kong (Holdings) (0001) yesterday set the average selling price of its residential project, The Capitol, in Tseung Kwan O at HK$5,133 per square foot for the 60 units in the first batch which goes on sale today.

Buyers who begin mortgage payments immediately - rather than when the flats are completed in 2009 - qualify for a 5 percent discount, making the average price HK$4,888 psf.

Executive director Justin Chiu Kwok-hung said prices of the first batch range from HK$4,432 psf to HK$5,355 psf.

Property agents said prices at The Capitol were more attractive than expected and lower than secondary flats in the district.

"The price set for The Capitol was a surprise. Properties of the same quality in Tseung Kwan O such as Ocean Shores and Le Point are selling for HK$5,200 psf to HK$5,300 psf," said Ricacorp Properties branch manager Dicky Cheung Heung-wing.

Midland Realty senior sales manager Lam Chun-sing said the selling price of The Capitol is 3 percent lower than expected.

The developer expects to realize HK$250 million after the sale of the first 60 units.

Francis Wong See-chung, director of Cheung Kong Real Estate, said: "We have received more than 8,000 registrations for purchase.

"We plan to increase flats for sale in the first batch from 60 to 200 units if the response is satisfactory."

Wong expects all 2,096 residential units of The Capitol to be sold out by the second quarter of next year.

However, Wong said that each buyer can only purchase a maximum of two flats.

The Capitol - on the eastern side of Tseung Kwan O - is a joint project with MTR Corp (0066) and is the first phase of Lohas Park, which has 1.38 million sq ft of floor area.

The development will be located on top of the planned Tseung Kwan O South Station.

The flats on sale today are on the 12th to 56th floors of Block 5, called Venice.
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Old March 9th, 2008, 07:43 PM   #18
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Old March 10th, 2008, 09:41 PM   #19
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it looks awful.
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Old March 10th, 2008, 11:14 PM   #20
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