HONG KONG | Kwun Tong 223 | 20 fl | Com

[Car L]

April 2007

Jan 2008

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Buildings that don't get posted often (HK) Part I or here | Part II or here | Part III | Part IV | Part V
Artistic decorations inside and outside of the buildings

[_00_deathscar]

Kick ass building

By far Hong Kong's best "arch", although it's not exactly up against much competition. Shame it isn't in a more prominent location, such as where The Arch currently is, and of a similar height.

[spicytimothy]

Does anyone else see those ugly blocks up the mountain? Wish they would hide them all in Yuen Long or Tin Shui Wai or something XD

[_00_deathscar]

Oi! Yuen Long is a lovely place :p

[superchan7]

*Yuen Longer trying to hide his grumbling*

[_00_deathscar]

I'm not a Yuen Longer and never will be.

[Car L]

__________________
Buildings that don't get posted often (HK) Part I or here | Part II or here | Part III | Part IV | Part V
Artistic decorations inside and outside of the buildings

[hkskyline]

Hope the one next door will become a good match. 223 is not big enough to make a very visible impact on the skyline since it is tucked away in Kwun Tong after all, but its width definitely makes it rather unique in the area.

[DJ_Archuleta]

I kinda love the design

[randolphan]

a nice building in one of the possibly worst settings. will the ppl pull down the shits around the kt 233 by any chance?

[hkskyline]

Building blocks in place for area's success
Attractive office rents and new, high quality towers are luring big firms to a fast-developing hub for commercial activity
25 June 2008
South China Morning Post

With a growing stock of quality office buildings at competitive rents, East Kowloon has emerged as a new magnet for local and international companies seeking to build their presence in Hong Kong and the region.

The district's increasing popularity as a hub for commercial and business activity has also been bolstered by limited space in core locations, such as Central, Wan Chai and Tsim Sha Tsui, where office costs are much higher.

The development of East Kowloon is concentrated in Kwun Tong and Kowloon Bay, two key sub-districts previously occupied by old factory and industrial buildings. A major transformation has taken place there over the past decade with the redevelopment of vacant factories into industrial offices or office towers. The pace of office development has taken off, particularly in the past few years as Hong Kong's economy regains its momentum, and redevelopment projects are accelerated to tap the expansion of local and international businesses. New office buildings recently completed, or in the pipeline, include Enterprise Square5, Exchange Tower, One Kowloon and Manhattan Place in Kowloon Bay and Kwun Tong 223, Landmark East and Millennium City6 in Kwun Tong.

Fiona Ngan Wai-ping, regional director and head of markets for Kowloon at Jones Lang LaSalle, said East Kowloon had become a new commercial hub in Hong Kong with a strong portfolio of quality office buildings, and more being built.

"The new office buildings in East Kowloon are attracting more companies in different business sectors. In the past, active tenants in the district were often trading firms and those in sourcing and merchandising businesses. Today, the tenant mix is more established and diversified," she said.

"We have seen the relocation of more companies in the banking, accounting, retail, travel and other sectors to East Kowloon."

Big names that have either moved to or consolidated their operations in East Kowloon include Standard Chartered Bank, Bank of East Asia, Hang Seng Bank, PricewaterhouseCoopers, Industrial and Commercial Bank of China, MTR Corporation and Dah Sing Life.

Simon Lo Wing-fai, director of research and consultancy at Colliers International, said East Kowloon's development as a new business district had been driven by good town planning and infrastructure initiatives.

"Together with the development of the old Kai Tak airport site, East Kowloon should see strong growth potential," he said.

Mr Lo said the office market in East Kowloon had recorded a steady rental income growth in recent years with the arrival of more quality tenants, such as government departments and banks, who had consolidated their back-office operations there.

He said the monthly rent for gradeA offices in East Kowloon of about HK$27 per sqft was attractive to tenants compared with rents in traditional business districts on Hong Kong Island. "Despite an increase in the new supply in 2008, developers and landlords are largely confident about the future growth of the office market in East Kowloon. New supply in East Kowloon provides an inexpensive alternative for office tenants who need to expand their businesses. However, some individual occupiers remain hesitant because the district is still transforming from an industrial area to a decentralised business hub."

"Tenants are impressed by the quality of new offices in the district, especially when compared with some aged properties in other areas which feature less than sufficient building facilities. New grade A office buildings in East Kowloon provide a good range of modern specifications such as raised flooring, higher ceilings and the use of upgraded curtain walls allowing more natural light in the workplace."

Ms Ngan said the extremely low vacancy rates of offices in core districts meant that relocation was an inevitable alternative for companies that were expanding, and the new supply in East Kowloon offered plenty of suitable properties for them to choose from.

"Several companies have moved into the district, and this will create a cluster effect and make East Kowloon more attractive to tenants. Even companies on Hong Kong Island have the district in mind when they consider relocations," Ms Ngan said.

"The prospect for East Kowloon is promising, with the district's massive developments such as Yue Man Square urban renewal project and the Kai Tak redevelopment.

"The district is poised to grow as another key commercial hub in Hong Kong, next to Causeway Bay and Hong Kong Island East. The mix of tenants will become more diversified and internationalised," she predicted.

[Skybean]

Hmmm, so it's only a thin skybridge which makes this an arch. I thought it would be a full arch instead of two towers connected by a thin bridge.

[hkskyline]

觀塘223料08年次季落成
2006年12月6日

【明報專訊】恒基(0012)及新地(0016)宣布，將觀塘偉業街223號、樓面逾100萬方呎的大型商廈項目，命名為「觀塘223」(圖)，並委任仲量聯行及高力國際為項目的市務及租務顧問。項目將興建2幢20餘層的商廈，現仍向城規會申請修改設計，預計於08年第2季落成。恒基佔項目88.5%權益，並為項目經理。




Source : http://www.panoramio.com/photo/9475492

[hkskyline]

Source : http://i43.photobucket.com/albums/e377/bennyyipsy

[hkskyline]

東九寫字樓吸納量較上季少7%
21 October 2008
香港經濟日報

國際物業顧問DTZ戴德梁行指出，本年全港最多供應的九龍東，在第三季度亦錄得全港最大的吸納量，達223,380平方呎，惟仍較上季的241,186平方呎減少約7%。

戴德梁行北亞區策略發展顧問部主管陶汝鴻指出，九龍東吸納量維持正數值，可見該區的寫字樓物業需求仍然平穩。該區租金具競爭力，加上出現新供應，故特別受到非金融行業機構歡迎。

九龍東的空置率則自第二季度的14.8%升至本季的26.8%，因為該區的新項目，如於第二季度投入市場的「觀塘223」，以及第三季度的「Landmark East」及「Manhattan Place」，為該區注入大量新寫字樓供應。九龍西（九龍站地區）的空置率則保持不變。

戴德梁行商業部主管彭瑪稱，寫字樓市場瀰漫觀望氣氛，令本季吸納量及空置率表現遜於上季，但本季租金水平所受影響較小，大部分地區租金水平跟上季並無變化，或只是輕微變化1至2%，而九龍東則因供應增加，以致租金出現較大跌幅。

大部分地區呎租僅跌1%

戴德梁行寫字樓董事阮仲賢指出，九龍東新供應較多，租金水平較低，因此本季數宗較重要的租賃都出現於九龍東。「Landmark East」及「Manhattan Place」等新項目給需要遷址租戶更多選擇，業主間租金競爭將趨激烈，以便吸引租戶。

[Car L]

__________________
Buildings that don't get posted often (HK) Part I or here | Part II or here | Part III | Part IV | Part V
Artistic decorations inside and outside of the buildings

[Hoogfriesland]

Wow, great project, and what a density in HK

Source HKskyline

[Luis87]

Originally Posted by hkskyline

They must destroy the buildings in the front!

[hkskyline]

From that angle the hole is all gone! In fact, given its shape and location, the hole is very hard to spot until you get up close.

[hkskyline]

By bextra from skyscrapers.cn :