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 > DN Archives



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 November 5th, 2009, 09:17 AM   #101
Speed
Registered User
 
Speed's Avatar
 
Join Date: Aug 2004
Location: Bangkok/San Francisco/Los Angeles
Posts: 6,905
Likes (Received): 481

so that ridiculously expensive condo unit on 68th floor is really on the 39th floor? (on what planet does this not mislead the consumer??)
Speed no está en línea   Reply With Quote

Sponsored Links
Old November 5th, 2009, 04:35 PM   #102
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Yes .. hope the lawsuits will be unleashed!
__________________
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 9th, 2009, 05:01 PM   #103
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

We have done nothing wrong, says Uncle Four
30 October 2009
SCMP

Stung by criticism over the selective floor numbering of his record-breaking luxury residential block in the Mid-Levels, Henderson Land Development chairman Lee Shau-kee hit back yesterday, insisting: "We have done nothing wrong."

His vice-chairman, Colin Lam Ko-yin, pointed out that other companies used the same marketing gimmick, including a building developed by Donald Trump. Lee had previously defended the gimmick, saying it did not involve any deception.

The selective numbering at the 46-storey luxury residential project at 39 Conduit Road came to light after a duplex on the 43rd and 44th floors, which were labelled the 68th floor, sold for a world-record HK$88,000 per square foot of saleable area earlier this month.

In all, the building has dispensed with the numbers of 48 floors and gives the top three floors the lucky numbers 66, 68 and 88.

"When we submitted the building plan, we clearly stated that the `88th' floor was the `46th' floor. When we submitted the pre-sale application, we also clearly stated that the `88th' floor was in fact the `46th' floor ... and they approved it," said Lee.

He added that the numbering method was not unusual. "It is a conventional norm. Some [developers] skip more floors, some skip fewer floors. This is because buyers love lucky numbers.

"But now Financial Secretary John Tsang Chun-wah has said this method could be misleading. He probably has a point."

Lee said his company would take note of the government's call for self-regulation by developers. "We will skip fewer floors in future. It is not a big deal. It does not matter," he said.

But he insisted it was still just a name. "The floor is called the 88th floor, or it can be called the 46th floor. It is just like my name is Lee Shau-kee, but people always call me Uncle Four."

Lam said Henderson had not been the pioneer of selective numbering, either in Hong Kong or overseas.

"I feel very aggrieved. We are not the first. We are the fourth one [in Hong Kong]," he said.

He did not disclose the other three, but it is understood that Sun Hung Kai Properties dispensed with 19 floors in its Cullinan residential development at Kowloon Station and Sino Land skipped as many as 23 floors in one tower of its Fo Tan residential project, Palazzo.

"In the United States, skipping floors is not unusual," said Lam.

Trump World Tower in Manhattan has 72 constructed storeys but 90 floors on its lift panels, while the Park Imperial, also in New York, skipped 22 floors from the 26th to the 48th.

Lee yesterday stressed that the buyer of the record-breaking duplex was an independent third party, contrary to media reports that the buyer was related to Yeung Sai-hong, who has a 32 per cent stake in the project. Henderson has a 60 per cent stake.

"This is not a false transaction. The transaction is real," he said.

In response to earlier media reports that Hang Lung Properties chairman Ronnie Chan Chichung had questioned the "cleanliness" of the record deal, Lee said Chan had clarified to him that his comments were not directed at the 39 Conduit Road tower but other projects.

To avoid potential criticism, Lee said his younger son, Martin Lee Ka-shing, who is also a vice-chairman of Henderson, would not buy one of the duplexes on the top two storeys of the building.

Lee also argued that the concern that the record sale would have a domino effect on the price of medium-sized units was groundless.

"There is no shortage of medium-sized flat supply," he said, adding that Henderson and its partner were building 6,000 to 8,000 units in the city.

Lee said Henderson and New World Development had decided to accept a land premium demand of HK$9.59 billion from the government for their Lok Wo Sha site in Wu Kai Sha. The site will provide 3,500 units when completed.

Meanwhile, Henderson has paid HK$5 billion for the acquisition of sites in urban areas for the production of 3,000 to 5,000 units in the coming years.

"If the government speeds up the talks and procedures to approve the conversion of farm land into buildable sites, there is no risk of seeing any flat supply shortage," said Lee.
__________________
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 11th, 2009, 08:18 AM   #104
Speed
Registered User
 
Speed's Avatar
 
Join Date: Aug 2004
Location: Bangkok/San Francisco/Los Angeles
Posts: 6,905
Likes (Received): 481

wow ....mental gymnastics....its misleading plain and simple....

if they want lucky numbers, how about keeping floor numbers but naming each floor with lucky things like:

LEVELS Blue-88, Navy-88, Red-88, Yellow-88, Dragon-88, Phoenix-88, Turtle-88, Tiger-88, Orange-88, Magenta-88, Kirin-88, Silver-88, Platinum-88, Gold-88, etc.
Speed no está en línea   Reply With Quote
Old November 24th, 2009, 06:48 PM   #105
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Plenty of interest from determined buyers
20 November 2009
South China Morning Post

At HK$439 million - or HK$88,000 per square foot - the world's most expensive apartment at 39 Conduit Road makes the price of other residential properties in the city seem cheap.

"There has been an increase in the number of people looking at luxury apartments and houses in the Ho Man Tin/Prince Edward area since the sale of the Conduit Road apartment," said Vince Cheung, senior sales manager at the La Salle Road, Kowloon branch of Midland Realty.

But increased interest does not mean there has been an increase in the number of transactions. "Even though properties seem to have been priced comparatively low, people are still hoping to get a good deal from the owners, but none of the landlords have [in the past had] any intention of lowering their asking prices," Cheung said.

The situation was predicted to change next month, with owners expected to take profit by lowering their asking prices due to fears of tighter credit conditions and diminishing buying demand.

However, Cheung said there was still a chance that prices could rise by a further 15 per cent before long. And she was confident there will still be people willing to pay.

"Even though prices may rise, we believe there will still be people interested in these luxury homes as the interested buyers often have strong financial backgrounds and usually look at these properties as a type of investment," Cheung said.

"In addition, people who think they have found the perfect apartment or house are willing to pay a bit more for it."

The price of new luxury apartments in the area is an average HK$15,000 to HK$16,000 per square foot.

One of the luxury apartments for sale is at Sky Garden, Prince Edward, with an asking price of HK$73 million, close to HK$15,000 per square foot.

This 4,906 sqft duplex penthouse has four bedrooms, two with en suite bathrooms.

There are three living "zones" - a huge living room, a dining room and a family room, as well as another leisure room with a bar.

Last but not least, included in the apartment is a 200 sqft terrace - just the type of setting scenic enough for romantic candlelit dinners - a cosy balcony and a 500 sqft rooftop.

This apartment also offers a 360-degree mountain and sea view.

These large duplex apartments are rare in the Prince Edward area so the price tag is not cheap.

Thus the agent does not expect it to be sold for two or three months, which is considered "normal speed" for such pricey apartments at the moment.

"When people look at the price they will hesitate as for this amount of money you can buy a piece of residential land," Cheung said.
__________________
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 29th, 2009, 07:23 PM   #106
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Lee clears air on mystery buyer
27 November 2009
The Standard

Henderson Land Development (0012) denied reports that former deejay Samuel Tsun Sin- man was the real buyer of the most expensive luxury apartment at 39 Conduit Road.

``Tsun was only the authorized representative for the buyer,'' chairman Lee Shau-kee said at his Central office yesterday.

Lee said it is normal for people to buy flats through an authorized party.

``The real buyer was an overseas investor and not necessarily mainland-funded. The buyer just wished to remain anonymous,'' he said.

Lee also reiterated that the real buyer is not a business partner of Henderson Land, but is known to be an occasional investor in the property market.

Last month, a buyer spent nearly HK$1.2 billion to buy six units with an average price of HK$49,000 per square foot at 39 Conduit Road. One unit on the 68th floor cost HK$70,000 psf, making it the most expensive apartment in the world.

Tsun, a former Metro Broadcast deejay, had signed the official purchasing document and was identified as the real buyer by a local daily.

Tsun is now the representative and president of Dbtronix (Far East). He could not be reached for comment yesterday.

Tsun has been an active player in the property market, a local Chinese-language newspaper reported yesterday.

He also owns two houses at Castle Peak Villas, in Gold Coast in Tuen Mun.
__________________
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, 2009, 05:08 PM   #107
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

9/19





__________________
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 8th, 2009, 08:07 AM   #108
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Housing minister says there is no need for a property watchdog
3 December 2009
South China Morning Post

The government has no plan to establish a watchdog to regulate the property market, the housing chief says, amid a public outcry over developers' sales tactics.

Secretary for Transport and Housing Eva Cheng was responding to Starry Lee Wai-king, of the Democratic Alliance for the Betterment and Progress of Hong Kong, who asked in the Legislative Council yesterday if the government would consider setting up a body like the Securities and Futures Commission (SFC), to monitor developers' sales practices.

She mentioned that a special unit at 39 Conduit Road, a residential development in Mid-levels West, was sold at an "astronomical price" of over HK$71,000 per square foot. "Yet there have been comments querying that. Since the buyer of that unit also bought four lower-floor units at the same time, some wonder whether the developer transferred the prices of the lower-floor units to the special unit - so that the price per square foot of that unit is much higher than that of an ordinary unit, to mislead prospective buyers."

Cheng replied that the government had no intention of setting up an organisation similar to the SFC, which would represent a fundamental change to the property market.

She added that sales of incomplete, new residential properties were governed by the Lands Department, the Consumer Council, the Real Estate Developers' Association and various laws, including the Misrepresentation Ordinance and Theft Ordinance.

Meanwhile, Greg So Kam-leung, the acting secretary for commerce and economic development, said a television commercial for Silver Lake, a Sino Land development, featuring fictitious and computer-generated scenery of forests and lakes, was regarded as misleading.

He said the Broadcasting Authority considered that, as the advertisement displayed a full view of the concerned property, viewers would expect that it was a realistic depiction. "As such, the ending shot was misleading."
__________________
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 13th, 2009, 06:08 PM   #109
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

__________________
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 January 22nd, 2010, 08:15 PM   #110
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Tram Ad :



How ironic they'd plaster an ad for such a pricey home on a HK$2 a ride mode of transport.
__________________
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 January 31st, 2010, 03:57 PM   #111
fatshe
Registered User
 
Join Date: Dec 2005
Posts: 468
Likes (Received): 18

31/1



fatshe no está en línea   Reply With Quote
Old February 3rd, 2010, 07:20 PM   #112
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Eirgh the back side is so ugly!
__________________
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 4th, 2010, 08:02 AM   #113
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Focus: Asia looks ready to blossom.
18 January 2010
Investment Adviser

When a luxury five-bedroom flat on the 68th floor of Hong Kong's exclusive 39 Conduit Road development sold for GBP35m towards the end of last year, it set two records.

It was immediately declared the world's most expensive apartment and, at more than GBP5,800 per square foot, the most expensive property in the whole of Asia.

This is significant, and not only for headline writers and high-end estate agents. It is significant because it is symbolic of the positive mood within Asian markets. Investors are feeling confident about its prospects, and they do not want to sit on their wealth.

They have good reason for optimism. Beijing's fiscal stimulus policy is continuing to drive growth in China, with GDP on course to have grown by more than 8 per cent last year. This has a knock-on effect for the huge numbers of Asian companies selling into China.

Measures by the US, UK and other western nations to breathe life into their economies have also benefited Asia. Money borrowed at interest rates close to zero has been invested to reap the benefits of growth in emerging markets, including those in Asia.

Governments such as Beijing will not give up advantages easily. When US president Barack Obama visited China, there was talk of an appreciation of the renminbi against the dollar to ease the trade gap.

However, it is likely Beijing will want to see stronger recovery in its exports, which were down 13 per cent year-on-year in October, before introducing any changes that could have an impact on the amount of goods China's manufacturers sell to US consumers.

Beijing does, of course, recognise the need to reduce its reliance on exports. Indeed, on the ground, there is evidence this is already happening in China. Last year, the situation facing manufacturers was a difficult one.

The US, its largest market, had been hit hard by the economic tsunami, demand had declined sharply, and it was feeling the negative effects of that. However, the mood among Chinese businessmen has since returned to optimistic as they have seen demand for their goods pick up, which has led to a raft of recruitment at their factories.

Central to Beijing's stimulus policy is huge investment in improving the infrastructure of the world's most populous country.

That means new roads, new railways and new ports. And that, in turn, means greater demand for raw materials and labour.

There is a multiplier effect on the whole economy, which has seen domestic consumption rise - with retail sales up in October by more than 16 per cent in year-on-year growth.

This growth in domestic consumption has partially offset the drying up of demand from western economies, and manufacturers selling more to domestic consumers fits well with Beijing's long-term strategy of moving the Chinese economy away from reliance on exports.

But, of course, there is more to Asia than simply China, and elsewhere markets have been mixed. Equity markets in Singapore and Hong Kong have also been on the up, while Thailand has underperformed because of political unrest. Investors have been unsettled by events involving former prime minister Thaksin Shinawatra (erstwhile owner of Manchester City Football Club).

He was ousted in a military coup in 2006 and is currently living in self-imposed exile in neighbouring Cambodia. In his absence, the Thai government has sentenced the former premier to two years in prison on corruption charges, but Cambodia has refused to extradite him, saying the charges are politically motivated.

It is a colourful story and one that continues to demand a high profile as supporters and opponents of Mr Thaksin hold their own demonstrations in Thailand. Investors do not like political unrest, and this, coupled with the fact Cambodia is a major market for Thailand's exporters, has resulted in significant selling pressure on the Thai market.

However, it is likely that a political issue such as this will effect investor sentiment for a relatively brief period and then people will remember the economic fundamentals. So what we, in fact, have is an opportunity to buy stocks at attractive prices.

The Korean market has also been underperforming. The country is home to international names such as Samsung and LG, but the economy is over-reliant on exports to western countries and has suffered during the downturn.

By contrast, Korean banks - in common with banks in China, Hong Kong and Singapore - do look like an attractive investment. Many of them have made substantial writedowns as provision for bad debt, which has left their book values looking good for 2010.

In Hong Kong, both Bank of East Asia and Bank of China (Hong Kong) announced encouraging third-quarter results, demonstrating that net interest margins are bottoming and loan growth is improving.

In Korea, Shinhan Financial surprised the market with better-than-expected net interest margins and a substantial decline in credit costs. In Singapore, United Overseas Bank expects loan growth and asset quality to show substantial improvements in coming quarters. The outlook for HSBC also looks likely to improve, with lower credit costs in 2010.

In general terms, the positive picture for Asian markets looks likely to continue for six months or so. China will continue to deliver strong growth, while in the US, with unemployment running at around 10 per cent, the Federal Reserve will be deterred from raising interest rates any time soon.

However, when the US economy does begin to show real signs of recovery, investors must be alert for the first signs of quantitative tightening by the Fed.

Once that process begins, Asian markets will without doubt feel the effects, and the time will have arrived for shrewd fund managers to adopt a more defensive position.

In the meantime, though, Asian markets can, in general, continue to enjoy a positive outlook - though not all of us will be viewing it from the 68th floor of 39 Conduit Road.

Jeffrey Lum is joint manager of the Marlborough Far East Growth fund
__________________
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 14th, 2010, 05:42 AM   #114
EricIsHim
Registered User
 
Join Date: Jun 2003
Location: Hong Kong
Posts: 4,397
Likes (Received): 28



__________________
EricIsHim
My PhotoBucket
EricIsHim no está en línea   Reply With Quote
Old February 14th, 2010, 05:56 AM   #115
Cristobal_illo
iPhone lover!
 
Cristobal_illo's Avatar
 
Join Date: May 2007
Location: Santiago, Chile
Posts: 743
Likes (Received): 27

Looks Completed. Isn't?
__________________
COSTANERA CENTER with 300m and 64 fl.
Latin American's Tallest Building...
Cristobal_illo no está en línea   Reply With Quote
Old February 19th, 2010, 08:53 PM   #116
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Did they change the numbering as well?

Architect lives the dream as his interior design firm flourishes
3 February 2010
SCMP

As a child, Steve Leung lived apart in a partitioned cubicle in an old residential building in Kowloon City.

But in a rags-to-riches tale, Leung went from this grim childhood experience to qualify as an architect and design the interior of the world's most expensive home, the property at 38 Conduit Road in the West Mid-Levels that was sold for HK$439 million in October last year.

"I lived in a 50-square-foot partitioned room in an old building in Kowloon City with my grandmother and mother," Leung said. "About 30 other households lived on the same floor of the building."

Though poor, dreams cost nothing. And the young Leung turned his dreams of living in a better environment into reality by becoming a sought-after designer of luxurious living environments for the rich and famous people of Hong Kong.

"My mother gave me freedom to develop my interests. My father was born in a rich family. He would buy a pair of shoes for HK$400, even though his monthly salary was only HK$300. He brought me to coffee shops, gardens and a decent restaurant once a month," Leung said.

This gave him an inkling of what life was like on the rich side of the street in Hong Kong.

His circumstances changed in later years, and this allowed him to study architecture at the University of Hong Kong.

To support himself during his studies he worked in an interior design firm, and after qualifying as an architect, he established his first architectural and urban planning consultancy firm in 1987.

The business flourished thanks to a design job for Sun Hung Kai Properties' Symphony Bay in Sai Kung in 1997 and Leung believes this was because his contemporary design style was different from the popular luxury style in the market.

Today Leung employs a staff of about 300 in Hong Kong and on the mainland. His company, known as Steven Leung Designers, has become the largest interior designer firm in Hong Kong and he has opened designer firms in Beijing and Shanghai and plans to open a branch in Chengdu this year.

How to explain the success? Understand the market, Leung says.

"I won't inject the latest trends into my work. I won't design a super luxury flat without considering the practical uses. I will tailor-make an interior design that fits the project most and create a comfortable living environment.

"If the project is located in Repulse Bay and has sea view, I would try to make the view become the focus of the property. I also try to help the projects to be sold out as soon as possible by producing a better interior design."

Reflecting on the subject of 38 Conduit Road, Leung said an open budget was an opportunity he grabbed with both hands.

"I had no idea it would become the most expensive flat in the world when the developer invited me to do the design for the show flat. But they did not fix a budget and that gave me the chance to give a new definition to a luxury residential project."

He went on to spend more than HK$10 million, creating what he described as a "Manhattan-style" interior design built around brands such as Ralph Lauren furniture.

The apartment has now become a dream for others to aspire to, but Leung is still waiting to convert his own dream house into reality.

"That is a dream - every architect wants to build their house on their own, from the building to the interior design. My dream house is located on the waterfront of Clear Water Bay or Sai Kung and has a private pier," he said.

But for the moment the cost of land means he can only dream on, though his business continues to flourish.
__________________
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 19th, 2010, 11:43 PM   #117
EricIsHim
Registered User
 
Join Date: Jun 2003
Location: Hong Kong
Posts: 4,397
Likes (Received): 28

38 Conduit Road?? huh??

I don't think that will fly with the Lands Department, especially changing from an odd number to even.
There was an actual article published by the Government on this in November.
See: http://www.news.gov.hk/en/category/i...117en06002.htm
__________________
EricIsHim
My PhotoBucket
EricIsHim no está en línea   Reply With Quote
Old February 26th, 2010, 04:06 PM   #118
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

By 叻森3000 from skyscrapers.cn :

__________________
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 March 15th, 2010, 06:32 PM   #119
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Sky's the limit at Medallion Heights
26 February 2010
South China Morning Post

The surging price of luxury property made headlines last year, with the sale of the world's most expensive apartment at 39 Conduit Road.

The five-bedroom duplex was sold for HK$439 million, or HK$88,000 per square foot. One look at the amount and you might think living in Mid-Levels West may be out of the question as the per-square-foot price of the apartment may be equivalent to or even exceed your monthly salary. But Rowena Siu, senior manager of Landscope Surveyors, a property and real estate consulting company, offers a different view.

"The price between the new properties and old properties varies a lot," Siu says.

For example, also on Conduit Road, there is a 2,000 sqft top floor apartment up for sale at Medallion Heights for HK$28.5million, or HK$14,250 per square foot.

The estate, at 45 Conduit Road, was completed in 1972. It contains two blocks of residential buildings with 12 floors, with two apartments on each floor.

The unit on sale has two bedrooms, one including an en suite bathroom, and a 1,500 sqft rooftop. Siu says it's the rooftop that makes the apartment special.

"Apart from the internal staircase leading up to the roof, which offers tenants more privacy, there is also a family room built on the rooftop," she says.

The family room allows residents to use the rooftop even during rainy days.

There is also a balcony which offers a city view and, from the bedrooms, a mountain view.

A covered car park is also included in the package.

For those who don't own a car, convenient public transport is available.

Siu says the asking price for the apartment is "reasonable" as units in the area, without a rooftop, are going for about HK$12,000 to HK$13,000 per square foot. "Not to mention, there are rarely apartments with individual rooftops. Most rooftops are shared among a number of residents in the building," Siu says.

Interested buyers may be able to negotiate "a little" for a lower asking price with the owner, according to Siu. The Medallion Heights apartment has been on the market for a month and the sales agent believes that it will be snapped up soon.

"The property market in the Mid-Levels West area is always active and we think this apartment will be sold by April," Siu says.
__________________
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 March 24th, 2010, 06:34 PM   #120
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,491
Likes (Received): 17799

Rules loom in bid to curb property sales speculation
The Standard
Wednesday, March 24, 2010

The government is not waiting for an imminent written explanation by Henderson Land of uncompleted property deals and is already considering the imposition of more stringent sales restrictions.

Henderson Land has yet to hand in details of 24 incomplete transactions at 39 Conduit Road requested by the Lands Department, a spokeswoman said late yesterday.

She declined to comment on the current status of the transactions.

Local reports said Samuel Tsun Sin- man - who was commissioned by a mainland billionaire to buy six units, including a record-breaking duplex unit - will complete the transactions shortly.

The billionaire initially intended to sell the apartment for profit but is now going to keep them, a report quoted a source as saying.

Henderson Land chairman Lee Shau-kee has noted that deals are deferred to suit the convenience of buyer and stressed that no deal is fake.

Lawmaker Lee Wing-tat yesterday urged the government to crack down on fake information in the property market in the same way it does in the stock market.

Secretary for Transport and Housing Eva Cheng Yu-wah reiterated the government's concern about misleading and fake sales information.

She stressed that markets need transparency to be healthy. The government will closely monitor transactions and can revoke developers' permission to presell homes.

Wheelock deputy chairman Stephen Ng Tin-hoi said he prefers the industry to exercise more self-control to official regulations on the
transparency and accuracy of sales information.

"Each industry has its own characteristics," Ng said. "It's best for an industry to be self- disciplined."

Cheng visited the show flats of two developments - Henderson's Hill Paramount and Cheung Kong's Meridian Hill, now owned by a US pension fund - on Monday. She said the government will next work to tighten regulations on show flats.

"We also want consumers to know clearly the conditions of homes they are going to buy," Cheng said.

Meanwhile, developers have introduced measures to limit property speculation.

Sun Hung Kai Properties (0016) said each prospective buyer can only buy one unit at the Larvotto project. SHKP expects to get the presale consent for the Ap Lei Chau development in 10 days.

Cheung Kong (Holdings) (0001) on Monday said it allows each buyer to buy two homes at Festival City in Tai Wai.
__________________
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


Reply

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 04:02 PM.


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