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Old August 12th, 2011, 09:44 PM   #81
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what's up with the mountains being layered?
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Old August 13th, 2011, 04:23 PM   #82
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what's up with the mountains being layered?
it's a quarry
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Old August 13th, 2011, 09:58 PM   #83
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Get out Kowloon Hotel, turn right twice. You are now in front of Star Ferry. Get in Star Ferry and turn LEFT (not right as most others) and take the ferry to Wanchai.


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Old January 11th, 2012, 03:57 AM   #84
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Office to drive East Kowloon business hub
The Standard
Tuesday, January 10, 2012

Details have been released of a proposed office to transform East Kowloon into a second central business district at a cost of HK$19 million a year.

The Kowloon East Development Office will be headed by a directorate- level principal government town planner and their deputy will be a government architect.

They will be supported by 16 staff in the planning, architectural, engineering and development departments.

The tenure of the office will initially be for one year and its operations will be reviewed after that.

A Development Bureau spokesman said a new office is needed to implement the Energizing Kowloon East project.

"This is a very new project ... If we set the period too long, it will lack the flexibility that we need," he said.

The office will act as a coordinator among departments, invite local and overseas companies to the SAR, and foster public discussion on the project.

It will also provide a one-stop advisory service to private-sector land- development proposals.

The multibillion dollar Kowloon East project was proposed by Chief Executive Donald Tsang Yam-kuen in his October policy address.

It aims to turn Kai Tak, Kowloon Bay and Kwun Tong into a central business district twice the size of Central, and provide an area of 540,000 square meters for domestic and non-domestic use.

The three-phase project is expected to be completed in 2021. It will feature an elevated monorail, 11-kilometer promenade, entertainment facilities, outdoor performance areas and water-sports activities.

The government estimates the project will create around 600 posts for professionals and other staff, and 6,200 jobs for laborers.

Meanwhile, the bureau will not extend the term of the Development Opportunities Office which expires in June. Unfinished projects will be passed onto the Kowloon East Development Office and other branches under the bureau.
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Old August 2nd, 2012, 04:10 PM   #85
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SDEV's speaking notes (works policy areas) tabled at LegCo Finance Committee Special Meeting
Government Press Release Excerpt
Wednesday, March 7, 2012

Following is the English translation of the speaking notes (works policy areas) of the Secretary for Development, Mrs Carrie Lam, tabled at the Finance Committee Special Meeting in the Legislative Council today (March 7):

Chairman,

Energizing Kowloon East

The Chief Executive announced in the 2011-12 Policy Address that we will adopt a visionary, co-ordinated and integrated approach to expedite the transformation of Kowloon East, comprising the Kai Tak Development area and the two former industrial areas, Kwun Tong and Kowloon Bay, into an alternative central business district. We have received overwhelming support for the initiatives on Energizing Kowloon East from the community since the announcement of the Policy Address. Stakeholders' responses to our briefings have been positive and the general feedback is that the Government should execute this blueprint with determination, speed and extensive public engagement.

For early implementation of this initiative, we are planning to create a new Kowloon East Development Office (KEDO) under the Works Branch of the Development Bureau to steer, supervise and monitor the development of Kowloon East.

Subject to the approval of the Finance Committee of the Legislative Council in April, we will first create the two directorate posts of Head of KEDO and Deputy Head of KEDO for one year starting from July 1, 2012.

During its initial year, KEDO will develop the long-term institutional set-up for Energizing Kowloon East, the best mix of talents in the team and the most appropriate mode of development to cater for the transformation of Kowloon East, in particular the special characteristics of the highly developed areas in Kwun Tong and Kowloon Bay. The KEDO's work portfolio is wide-ranging. It includes the preparation of various studies to improve traffic and enhance streetscape and greening, and co-ordination with government bureaux and departments to expedite the proposals on transformation of Kowloon East.

We have set up a preparatory team in mid-February to kick-start the immediate co-ordination work for the transformation of Kowloon East and prepare for the establishment of KEDO so as to rise up to the challenges posed by the range and volume of work in the future.
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Old September 3rd, 2012, 07:00 AM   #86
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Project with potential to rise in East Kowloon
The Standard
Monday, September 03, 2012

West Kowloon - we've all heard much about the plans for this area, but what will its counterpart, Kowloon East, be like?

Last year, the government announced that this district would be a so-called CBD2, adding to Central, Admiralty and Wan Chai.

Ling Kar-kan, head of the Development Bureau's Energizing Kowloon East Office, said small businesses and creative industries will not be swept away as a result.

The district will be revived as a business hub, but it seems there will be an "energizing Kowloon East" initiative to go with it, supporting small enterprises and communities within the ambit of creative industries.

Whether this will pan out as envisioned is, of course, yet to be seen, but there is now a fundamental shift in terms of cultural thinking and attitude. It brings to bear the awareness on many levels that Hong Kong can no longer depend upon the traditional and singular use of finance and banking to anchor itself to the international playing field.

Cultural activities, as a core identity tenet, are now increasingly ingrained in the minds of policymakers, movers and shakers. As an area of immense diversity, it makes sense to build the grassroots artistic community in Kowloon East.

What is essential, however, is what will be the level of bureaucracy and government involvement in the project, which ultimately determines the success of a promising project that has big potential.

Architectural critic Nicholas Ho and art historian Stephanie Poon don't always see eye to eye.
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Old November 13th, 2012, 01:25 AM   #87
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East Kowloon rises to office challenge
The Standard
Wednesday, November 07, 2012

Will the latest crackdown on the residential property market have the desired cooling effect on soaring home prices? It'll take some time to assess if there is any impact.

But the smart money is already swamping the commercial property market. Along with offices and shops, car parking spaces are being snapped up. In a space of two days, Chinachem sold several hundred parking spots.

Amid this robust demand for commercial premises, development minister Paul Chan Mo-po assures us there's no need to worry about supply, since there will be ample office space and associated facilities in East Kowloon.

But while the conceptual plan was inherited from the last administration, the current government is left to provide the essential elements.

Where exactly is the East Kowloon that Chan spoke about yesterday at the Kwun Tong District Council meeting? It includes the huge strip from Kai Tak and Kowloon Bay to Kwun Tong.

If 45 percent of the SAR's office space was located in East Kowloon last year, Chan tips the proportion will hit 50 percent in 2013, and in the end, it'll be double the size of the Central district.

Over the past decade, Grade A office space in Kwun Tong and Kowloon Bay jumped 2 times to 15 million square feet.

East Kowloon is an important project, and its completion will directly impact Hong Kong's economic success.

The shortage of office space isn't anything new.

All developable land in Central is used up, and redevelopment of old buildings can only generate a limited supply of premium office space in the prime business district. Areas like Wan Chai, Quarry Bay and Tai Kok Tsui are either developed or patched.

There have been warnings that we lag competitors in the mainland and the Asian region in the provision of office space. If we don't want to lose out in the long term, we have to catch up - quick.

But can Chan deliver this important East Kowloon project free of the obstruction threatening the northeastern New Territories development, or the political compromise awaiting the West Wing of the old SAR government headquarters?

They fall under Chan's bailiwick, and it's clear the government is under pressure to yield to opposition.

While the West Wing redevelopment may be a project to be sacrificed, the East Kowloon plan definitely is not. Every effort must be made to ensure smooth progress.

If Chan has learned from the northeastern New Territories debacle, he'd better start now to engage residents and other stakeholders in East Kowloon to explain what the government has exactly in mind for the region.

Increasing public understanding of the plan will help foster agreement and avoid unnecessary future bickering.

Allowing it to be blocked by opposition at the last minute is simply not an option.
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Old January 21st, 2013, 03:30 PM   #88
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Kowloon East looks best for business
The Standard
Monday, January 14, 2013

As an international trading and financial capital, Hong Kong is sitting on a huge advantage to become one of the most vibrant cities in the world.

Office space has always been in great demand ever since the economic boom back in the 1970s. However, with the need for such commercial property rising and the limited land in urban areas, new solutions must be found to cater for current and future demands.

Despite Kowloon East being thought of as a distant and less developed place, it has the greatest potential to become the new Central Business District, even bigger than Central or Causeway Bay.

Kowloon East comprises Kai Tak, Kowloon Bay, Ngau Tau Kok and Kwun Tong districts. With part of the Kai Tak site earmarked for an international cruise terminal, visitor flow in and out of the area will enhance current and future commercial activities.

Kowloon East has a total area of 488 hectares and currently houses around 25,000 offices and employs about 200,000 people. However, the hidden potential of the district goes far beyond just serving the cruise terminal or local users.

During the past decade, out of the untapped 5.4 million square meters of office space, Kowloon East accounted for about 46percent of Hong Kong's supply of new office space. If it were to realize its full capacity, it could double what Central presently offers.

Besides, Kowloon East cannot be said to be a remote location as it has MTR and road networks throughout the district.

Taking such factors into account, we must step back and take a hard look into the future to resolve many of the issues that may crop up.

These include: the harmony and interrelationships between existing industrial estates and current or future office buildings, room for this new CBD to expand through the coming decades, catering to the growing demand for office space and looking at a new township nearby to feed off Kowloon East.

Although these are niggling questions, one thing for sure is the need for a new CBD is long due.

Architectural critic Nicholas Ho and art historian Stephanie Poon don't always see eye to eye.
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Old January 30th, 2015, 08:22 AM   #89
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LINK defends splashy move
The Standard Excerpt
Thursday, January 29, 2015





Link REIT (0823) management defended its groundbreaking move to splash some HK$10 billion on a commercial project in Kwun Tong, denying it is turning into a property developer.

The shopping malls operator reassured unitholders that income distribution per unit will not be affected by the hefty spending.

"We don't see Link REIT becoming a property developer as some commentators and analysts have incorrectly described us," said George Hongchoy Kwok-lung, chief executive of The Link Management.

His remarks came after the firm, together with Nan Fung Group, won a bid to develop a site in Kwun Tong for HK$5.86 billion on Tuesday. The Link has a 60 percent stake in the joint venture, for which investment is expected to top HK$10.5 billion.

Since funds will be raised through bond issuance, the impact on income distribution to unitholders will be minimal, according to the firm. It said while debt ratio may climb to 13.4 percent, that remains well below a regulatory ceiling of 45 percent.

The project will feature grade A office buildings with shopping and parking areas.
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Old November 23rd, 2015, 02:16 PM   #90
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Move over West Kowloon, Hong Kong's East Kowloon set for cultural blooming
19 November 2015
South China Morning Post Excerpt



The city's latest cultural hub is set to become an "oasis" in East Kowloon and a space for budding arts groups to shine, the cultural official in charge has said.

Elaine Yeung Chi-lan, assistant director of the Leisure and Cultural Services Department, places high hopes on the East Kowloon Cultural Centre, which will turn a 2.16 hectare site in Ngau Tau Kok into a user-friendly performing arts complex ready for use by 2021.

"I hope it will be the most practical and accessible facility, an oasis rather than a shrine, for anyone - artists and residents alike," said the official, who is a veteran of various venues.

The $4.1 billion project, she added, aimed to bring out the "smart city" image of Hong Kong as much as the $21.6 billion West Kowloon Cultural District, but in a very different way.

"We don't aim at world-class performers or programmes like those at West Kowloon. We are more for small and medium local performing arts groups and young artists, and the sizes of various venues at the centre reflect that," she said, adding that it would not be tourist-oriented.

There will be five venues at the East Kowloon hub, including a 1,200-seat multi-purpose hall and a 550-seat theatre, plus three smaller halls of 120 to 250 seats for music, drama and dance.

"These halls in different capacities make the box office more manageable for young arts groups. The design is also more cozy for audiences," she said.

A performing platform for young artists became a pressing issue after government arts subsidies produced a bevy of graduates. Applications to use venues rose 184 per cent in the 10 years to 2014, and as many as 90 per cent were turned down last year.
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Old November 18th, 2016, 05:01 AM   #91
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Goldin boost for Kowloon East as top office location
Nov. 18, 2016
The Standard Excerpt

Kowloon East has overtaken Wan Chai - Causeway Bay as Hong Kong's second- largest office market in terms of office floor space, a report by global real estate services firm Jones Lang LaSalle says.

The jump came after the completion of Goldin Financial Global Centre in Kowloon Bay, which added 602,400 square feet to the grade A office stock in Kowloon East.

The area now has a total office space of 15.4 million sq ft - second to Central, which has a total office space of 24.3 million sq ft as of the end of October.

Wan Chai-Causeway Bay has 14.9 million sq ft of office space.

"With its big office floors and low rents, Kowloon East will continue to attract businesses from Hong Kong Island," said Alex Barnes, head of Hong Kong markets at JLL.

The government announced plans to develop Kowloon East - which comprises Kai Tak, Kwun Tong and Kowloon Bay - into an alternate central business district in 2011.

US investment bank JP Morgan recently pre-rented 225,000 sq ft of office space at a Kowloon East commercial property co-developed by Link REIT and Nan Fung Group on 77 Hoi Bun Road. It is expected to be completed in 2019, with monthly rent estimated to top HK$30 per sq ft.

In July, German car manufacturer Volkswagen moved its office from Causeway Bay to Billion Centre in Kowloon Bay. And American personal care company Kimberly Clarke moved from Causeway Bay to Crocodile Centre in Kwun Tong in August.

Data from JLL showed that office monthly rent in Kowloon East was HK$33.80 per sq ft as of the end of October. Rents in Central stood at HK$110.40 per sq ft and Wan Chai- Causeway Bay at HK$63.60.
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Old March 16th, 2017, 06:11 PM   #92
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The Kai Tak Cruise Terminal by eddieip, on Flickr
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Old May 9th, 2017, 09:39 PM   #93
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Opinion: Is a Kowloon East CBD for real or just a planner’s dream?
New office supply growth in East Kowloon is seen to have surpassed the pace of infrastructure development in the area, but it remains to be seen if the area will take off as the next CBD
May 9, 2017
South China Morning Post Excerpt

The new HKSAR administration may offer new directions for Hong Kong, but we will have to wait and see. Being a veteran of the commercial leasing sector, forgive me for having my own expectations (if not high) for the commercial property market.

The idea of Kowloon East becoming a CBD2 is definitely not something new, but will this idea be realised or is it just a planner’s pipe dream?

The long-term severe shortage of commercial space in traditional core business districts has been pushing developers and tenants to look for office space in rising star locations such as Kowloon East, Wong Chuk Hang and Cheung Sha Wan for some time.

Carrie Lam Cheng Yuet-ngor, the chief executive-elect who, let’s not forget, used to be in charge of the Development Bureau, was one of the core members to advocate turning Kowloon East into CBD2.

This is one reason why I am inclined to hold high hopes for the upcoming development blueprint for this neighbourhood. Looking at what the government has proposed to date, the aspiration is to build a business location on a par with Central. Problems with realising this vision are already apparent, however, as new office supply in Kowloon East has surpassed the speed of local infrastructure development and the legacy transport network is currently unable to support the traffic generated by the large number of office tenants who already call the area home.

As temporary oversupply of commercial space in Kowloon East looks likely, the government has recently placed more emphasis on launching sites in Cheung Sha Wan and Wong Chuk Hang, putting a “brake” on fast-developing Kowloon East. Call me a worrywart, but this situation, while expedient in the short term, may hinder the development of Kowloon East in the long run. In stimulating the development of commercial space, tenant mix plays an extremely significant role.

If we take a look at the tenant mix in Kowloon East, most occupants are what we call “support-function business arms” such as accounting functions or human resources while traditional CBDs such as Central and Admiralty still house the front-of-house staff who serve clients directly. This is shaping an impression that Kowloon East is a second-tier consideration for tenants in finding commercial space and any equivalence of this neighbourhood with the traditional CBDs or even an international CBD may not be realistic.

More : http://www.scmp.com/property/hong-ko...planners-dream
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Old June 7th, 2017, 01:06 PM   #94
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Harborfront offices on the way
The Standard Excerpt
Jun 6, 2017



Link REIT (0823) and Nan Fung Group are jointly developing the Quayside on Kwun Tong harborfront, providing about 900,000 square foot of lettable space which comprises more than 90 percent office space.

About 220,000 sq ft of office floor has been preleased to JPMorgan, said George Hongchoy, chief executive of Link Asset Management.

The Quayside has 23 stories, with each floor having 50,000 square feet. It also has a three-story retail podium and three levels of underground parking. Its 400 parking spaces will have electric vehicle chargers.

The property also includes a podium garden of about 23,000 sq ft. Completion of the project is expected in the first half of 2019.

The grade-A commercial building is said to be taking shape as more multinational firms are moving into the area. The indicative rent level is about HK$30 to HK$40 per sq ft.
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Old June 15th, 2017, 05:56 PM   #95
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_1230449-Pano by YKevin1979, on Flickr
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Old September 2nd, 2017, 09:23 AM   #96
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Eastern Kowloon, Hong Kong by snapcat101, on Flickr
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Old November 27th, 2017, 02:46 PM   #97
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"3 + 1" ... (ii) by hugo poon, on Flickr
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Old December 12th, 2017, 09:19 PM   #98
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Rise and shine: properties snapped up in Kowloon East
Construction activity in the district is proceeding at a frantic pace – especially in the Kai Tak development area, which has become a hot spot for residential properties
November 23, 2017
South China Morning Post Excerpt

Along with Tsuen Wan and Yuen Long, Kai Tak has been a hot spot for home sales this year. At least 2,522 new homes had been sold off-plan in the five residential developments in the Kai Tak area by mid-October, according to closings filed with the Land Registry.

In the year to October, China Overseas sold 489 flats at One Kai Tak – including the first and second phases, both of which have been completed – at an average price of

HK$20,621 per square foot.

K&K Property managed to sell 726 flats at Victoria Skye at an average price of HK$20,660 per square foot by mid-October, according to Land Registry records, accounting for over 88 per cent of stock availability.

Tony Cheng, K&K Property’s investment manager, says the project’s sales have generated more than HK$7 billion of revenue for the company. About 96 flats at Victoria Skye remained up for grabs by early October, including special units, he adds.

Over the same period, Poly Property offloaded 423 units, at an average price of HK$21,185 per square foot, at the 930-unit Vibe Centro, while about 700 units at K. City, built by K. Wah, were sold at an average price of HK$20,896 per square foot.

Tony Wan, general manager,Hong Kong property sales and marketing at K. Wah, says the company sold more than 940 homes in the first eight months of the year, generating revenue of over HK$9 billion, a record amount for the company in recent years.

K. Wah is also working on another Kai Tak site, with a total buildable floor area of 574,270 sq ft, which it bought last December for HK$5.868 billion, or about HK$10,200 per square foot in terms of accommodation value.

More : http://www.scmp.com/special-reports/...rise-and-shine
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