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Old February 3rd, 2010, 04:36 PM   #81
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The final design

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Old February 3rd, 2010, 08:03 PM   #82
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1/15

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Old February 12th, 2010, 02:02 AM   #83
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Old February 16th, 2010, 11:11 AM   #84
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16/2






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Old February 18th, 2010, 05:31 PM   #85
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16/2






2/16 - ahh ... we didn't bump shoulders that day!

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Old February 19th, 2010, 09:02 PM   #86
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By coconutcat from a Hong Kong photography forum :

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Old February 19th, 2010, 11:39 PM   #87
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When are they going to have a Chinese name??
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Old February 21st, 2010, 08:31 AM   #88
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Quote:
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2/16 - ahh ... we didn't bump shoulders that day!



Quote:
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When are they going to have a Chinese name??
The Hermitage's chinese name is 帝峰‧皇殿
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Old February 22nd, 2010, 02:30 AM   #89
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U can't be serious... 帝峰‧皇殿??
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Old February 22nd, 2010, 03:43 AM   #90
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Quote:
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U can't be serious... 帝峰‧皇殿??
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新盤供應仍偏低。據地政總署截至上月底數字,待批預售樓花同意書住宅項目共16個,涉6,561個單位,單位量為近八個月新低。該署資料顯示,信置仍待批預售文件的西九龍The Hermitage命名為帝峯.皇殿。有地產代理表示,該盤將有機會於三月推出,意向呎價1.3萬至1.5萬元。
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Old February 22nd, 2010, 12:13 PM   #91
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Those 400 square foot studio units are probably the size of only a 'royal' bathroom.
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Old February 22nd, 2010, 03:44 PM   #92
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Quote:
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The Hermitage's chinese name is 帝峰‧皇殿
ok...... i am going to stick with the english name.
as bad as it sounds in english, it's better than the chinese.
i think we are going to have a buckingham palace or forbidden city next.
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Old February 22nd, 2010, 04:12 PM   #93
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What will be the height of these towers when completed?
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Old March 2nd, 2010, 01:56 PM   #94
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Old March 2nd, 2010, 04:43 PM   #95
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Quote:
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The Hermitage's chinese name is 帝峰‧皇殿

Such a name is a bit weird. But it 'mathces' the 'style' of the day in Hong Kong. By the way, do those buildings tower above 200m?

If so, shall we post it in the 'skyscrapers' section?
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Old March 5th, 2010, 03:55 AM   #96
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finally the wrapping is coming off~
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Old March 5th, 2010, 08:05 AM   #97
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The colour matches Central Park next door!
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Old March 5th, 2010, 09:12 AM   #98
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Old March 15th, 2010, 10:22 AM   #99
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Investors eye cheaper apartments
Local and mainland buyers are now looking for a good yield and turn their attention to the other end of the real estate sector for better returns

12 March 2010
South China Morning Post

When the going is good for Hong Kong real estate, it's very good for luxury property. But can Hong Kong's luxury market continue to outperform the mass market?

It doesn't make sense that price gains for high-end homes can constantly outstrip the market as a whole.

In percentage terms, they would eventually become exponentially more expensive. With luxury property prices up 44.5 per cent in a year, the likelihood of a trickle-down effect is encouraging some investors to shift their focus.

"Given the significant rise in luxury residential prices last year, a number of investors have shifted to the mass market - in particular major estates in the New Territories - to seek better return opportunities," Knight Frank stated in its report last month on Hong Kong residential property. One veteran investor bought 10 mass-residential units in central Sha Tin for HK$20 million, while another bought 12 flats in Tuen Mun, in several estates, for a similar amount.

Sun Hung Kai Properties also saw a successful launch of its 1,890-apartment Yoho Midtown project, a multi-tower development in Yuen Long. Despite being a long way from what most would consider midtown Hong Kong, the first batch of flats released for sale fetched an average of HK$5,400 per sqft.

That was much higher than the going rate in the area. Apartments in Yoho Town, the first phase of the development, are selling for about HK$4,300 on the secondary market. After selling 1,100 flats in Yoho Midtown's launch, the developer has since raised asking prices to an average of HK$6,000 per sqft.

Rental yields for mass-market apartments can hit 4 per cent or 5 per cent, double what a luxury property is likely to command. Luxury yields are averaging 2.6 per cent, and are still tightening since prices are rising faster than rents. Although luxury buyers are focusing on capital gains, and may not rent out their investments at all, the higher yields do provide an added attraction for mass-market housing.

Tim Murphy, founder and managing director of the Hong Kong-based real estate development and advisory company IP Global, believes investors should shift their focus this year because cheaper apartments appear to have more potential.

"Much of the news in 2009 was around Conduit Road and luxury properties," Murphy says. "Now you are seeing people moving to the mass-market properties, whether that be in Kowloon, the New Territories or Hong Kong Island. Buyers are now looking for a good yield or looking for owner-occupier properties with low interest rates."

Mainland buyers have been most interested in higher-end properties, particularly new ones. But that may be beginning to change. Research from Nomura International, studying the impact of mainland buyers in Hong Kong, shows that interest in apartments worth less than HK$5 million doubled as of the end of last year. For mainland corporations, their interest was actually strongest in that category of flat.

If mainland buyers switch their focus, or more middle-class buyers become active in Hong Kong, it could have a dramatic effect on mass market housing, according to Paul Louie, one of the analysts who compiled the report. "When the Chinese began travelling, the richer guys came first and then, afterwards, the middle class began to come to Hong Kong," Louie wrote in an e-mail. "So this initial wave of demand from China is rightly targeting the higher end, but as the middle class becomes more familiar with Hong Kong, they may follow and also buy a home. In which case, the cascade of demand to the mass market may be a huge theme for 2010 and 2011."

Aside from Yoho Midtown, though, the bulk of new developments coming on the market in the first quarter of this year are at the luxury end of the spectrum. Festival City Phase One, a development in Tai Wai from Cheung Kong Holdings and MTR Corp, is the nearest in price, expected to fetch HK$9,000 to HK$13,000 per sqft, according to Knight Frank. Sino Land's development, The Hermitage, in Tai Kok Tsui is anticipated to fetch HK$13,000 to HK$15,000 per sqft.

Two other new developments, Hongkong Land's Serenade and Hill Paramount in Tai Wai, could price at about HK$20,000 per sqft, while the Larvotto, a project by Sun Hung Kai Properties, Kerry Properties and Paliburg Holdings that has commanding sea views from Ap Lei Chau, may go on the market at HK$25,000 per sqft, or HK$60 million for apartments of 2,400 to 2,500 sqft.

Knight Frank is forecasting that luxury residential prices will climb a further 18 per cent this year, with mass-market housing almost keeping pace with gains of 15 per cent. The company notes that although luxury properties are faring better now, they fell further during the financial crisis.

"In the past two to three months there have been signs the mass market is picking up its pace," says Xavier Wong Kit-hung, the head of research at Knight Frank's Hong Kong branch. "They can keep pace with the luxury residential market now, but over the long term it is difficult."

The lack of supply at the high end of the market ensures price gains there. "For smaller units, people have many choices, but for luxury residential market the supply is too limited," he says.

Of course, that may change if developers continue to target the high end. And, like Yoho Town, new developments from Sun Hung Kai Properties, Swire and Kerry Properties will command an extra premium, whatever end of the spectrum they fall.

"As long as they are new and produced by good developers, they can always command good premiums," Wong says.
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Old March 16th, 2010, 03:24 PM   #100
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By tkc from a Hong Kong photography forum :

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