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Old February 2nd, 2010, 04:51 PM   #81
fatshe
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Quote:
Originally Posted by hkskyline View Post
What is that crane to the right for?
There is 9-12 Chun Fai Terrace.
A resident project with 40 floors.
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Old February 3rd, 2010, 06:05 AM   #82
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Quote:
Originally Posted by fatshe View Post
There is 9-12 Chun Fai Terrace.
A resident project with 40 floors.
Ah thanks. Not sure if we have a thread on this project already, but if you like, you can set up a thread in this section for it?
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Old February 3rd, 2010, 10:16 AM   #83
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set it up! We should have as many as possible!
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Old February 3rd, 2010, 08:07 PM   #84
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Quote:
Originally Posted by spicytimothy View Post
set it up! We should have as many as possible!
Well hopefully we can gather some more information such as a rendering as well!
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Old March 5th, 2010, 05:37 PM   #85
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Old March 9th, 2010, 07:37 PM   #86
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Cantonese Property Promotion Video

http://www.cpn.com.hk/video/ZWYKTNVFNG.asp










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Old April 10th, 2010, 07:17 PM   #87
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Law makes it easier to redevelop old buildings, but also provides for mediation
18 March 2010
South China Morning Post

The Legislative Council has passed a controversial law to make it easier for private developers to acquire buildings. It will take effect next month and potentially affects residents in more than 4,000 buildings.

The law, which comes into effect on April 1, will allow developers to seek compulsory sale of a building after acquiring 80 per cent of the property interests in it, down from the present 90 per cent. It affects old buildings and those where developers own all but one unit.

The bill was passed last night after nine hours of debate, with all 14 amendments voted down because of opposition in the functional constituencies.

The amendments, proposed by the pan-democratic camp and independent legislator Regina Ip Lau Suk-yee, sought to either repeal or water down the bill.

Human Rights Monitor expressed regret and said that the measure favoured developers.

After the bill was passed, a few property owners in the public gallery yelled in anger and were removed by security guards.

Victor Sin Ho-yuen, who is afraid he will lose his shop in Causeway Bay next month, said he expected the outcome and would try to seek mediation with the developer.

Secretary for Development Carrie Lam Cheng Yuet-ngor, persuading lawmakers to support the bill without amendment, said her bureau was preparing a pilot scheme for mediating disputes arising from the law.

"I promise we will take into account councillors' views in drawing up the mediation system," she said. "Apart from cash, we will see if we can make available more options, including 'flat for flat' and transfer of property shares for the minority owners.

"A mediator can also help them rent a shop in the same district of similar market value, for example."

The proposal means that in future the acquiring developer and minority owners can choose to resolve their dispute by resolution before going to the court. This is intended to help owners who do not agree on the acquisition price or who prefer to continue to live at the site after redevelopment. But mediation would not be mandatory, Lam said.

The measure, to be introduced under the existing Land (Compulsory Sale for Redevelopment) Ordinance, would in its present format be confined to three types of buildings: those with all units but one acquired; any blocks older than 50 years; and industrial blocks outside industrial zones that are older than 30 years.

There are about 4,000 buildings older than 50 years old in Hong Kong, and the number is estimated to increase by 500 every year.

Six lawmakers proposed 14 amendments, including repeal of the bill; limiting target buildings to those with a repair order or those in priority redevelopment areas to be designated by the government; and deferral of its effective date by one year so that mediation can be launched at the same time.

The pan-democratic camp argued that the existing ordinance, passed by the largely pro-government provisional Legco in 1998, was already flawed and resulted in controversies from property owners.

Among the 20 compulsory sale orders since 1998, the "flat for flat" option was only available in the case of Lai Sing Court in Tai Hang Road, where Hongkong Land let owners return to the redeveloped Serenade as the profit margin was large.

The lawmakers said the government should not facilitate private developers taking over properties if there was no important public interest involved.

James To Kun-sun, of the Democrats, said the law could also result in bulky, wall-like towers because a government review of the development intensity has not yet finished amending the plans of some old districts.
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Old May 20th, 2010, 07:59 PM   #88
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By fatshe from skyscrapers.cn :

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Old June 14th, 2010, 09:33 AM   #89
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6/6

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Old July 25th, 2010, 05:57 PM   #90
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Serenade can sing its praises
20 May 2010
South China Morning Post

Luxury aficionados are serenading the opulence of a clubhouse at Hongkong Land's latest residential development.

The aptly titled Serenade in Tai Hang Road, touted as "Mid-Levels East" for gentrification purposes, will boast a two-level clubhouse with an outdoor infinity swimming pool in a landscaped garden. The five-star service and facilities will include the Oxygen Spa Suite, created by professional therapists, with a Zen garden.

There will also be a landscaped walkway and relaxing lounge area, while inside the clubhouse "unparalleled harmony and fun are meticulously catered for", according to promotional materials. Private catering with award-winning chefs from The Landmark Mandarin Oriental will also be available.

However, images of interiors showing modern fixtures and designs for the 270-unit, 47-storey twin-tower development tell their own story. They highlight Serenade's all-round quality more effectively than do the overexertions of copywriters on behalf of the clubhouse.

Serenade is built on the site of Lai Sing Court, and flat owners there have been granted units in the new development. The smallest unit is 1,349 sqft and starts at HK$18,000 per square foot; 34 2,600 sqft duplexes are also for sale, plus two penthouses and two pre-penthouses ranging from 3,700 sqft to 4,000 sqft on the top floors.
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Old September 1st, 2010, 06:50 AM   #91
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HONG KONG REALTORS MAKE HAY AS MAINLAND DEMAND SURGES
4 June 2010
Asia Pulse

BEIJING, June 4 Asia Pulse - China's tightened real estate policies are encouraging mainland multimillionaires to snap up luxury apartments in Hong Kong, though some Hong Kong investors are finding mainland property prices more competitive.

Statistics from Centaline Group show that mainland buyers now account for nearly 40 per cent in new residential apartment transactions in Hong Kong. The figure was around 20 per cent before mid-March.

Cherrie Lai, head of residential property at Hong Kong Land Holding Ltd, confirmed that there had been a recent surge in mainland buyers, with most coming from Beijing, Shanghai and Hangzhou.

Mainland buyers were among those who snapped up more than 90 per cent of the units on the first day of sale at Serenade, a high-end project in Hong Kong, where apartments cost more than HK$70 million (US$8.9 million).

"Quite a number of mainland buyers have bought luxury properties in Hong Kong in order to move there, as the minimum requirement for migration to Hong Kong is HK$6.5 million," said Edmund Ho, managing director of real estate adviser DTZ North China.

"Moreover, the competitive lending rate and sound social care services in Hong Kong are pretty attractive for investors." While growing numbers of mainlanders are buying luxury apartments in Hong Kong, Hong Kong investors are turning their attention to the mainland's high-end properties, believing that the recent slew of tightening policies could bring them opportunities.

According to Liu Haibo, marketing chief of Xanadu, a high-end residential project next to the CCTV's new building in Beijing's central business district (CBD), 30 apartments were sold just one week after they went on the market last month, and quite a few of the buyers were from Hong Kong.

"Those investors from Hong Kong believe a reasonable price at that location could be 70,000 yuan to 100,000 yuan per square meter, and there is still price growth potential for high-end residential projects at Beijing's core CBD area," said Liu. The sale price of Xanadu hovers around 50,000 yuan per sq m.

Gao Guoping, president of Beijing Gaoce Real Estate Consulting Co, said the impact of the recent policies on high-end projects would be limited as those buyers will not have a problem with increased down payments and mortgage rates.

According to Feng Xiang-rong, marketing chief of Chang'an Ave - a high-end residential project with an average unit sales price of 80,000 yuan per sq m - nearly 90 per cent of purchases were made with one-off payments.

"Around 20 per cent of the buyers at Chang'an Ave are from Hong Kong and Macao. Besides offering a decent return on their investment, they also regard such apartments as an important networking place," said Feng.
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Old October 1st, 2010, 04:35 PM   #92
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Hongkong Land 1st-Half Underlying Net Up 70% On Property Sales
29 July 2010

HONG KONG (Dow Jones)--Hongkong Land Holdings Ltd. (H78.SG), one of Hong Kong's biggest commercial landlords, said Thursday rising property sales helped drive its first-half underlying net profit up 70%.

The commercial property markets in Hong Kong and Singapore will likely remain stable this year, but the performance of the residential segment will be mixed, Chairman Simon Keswick said in a statement.

Low interest rates and widespread property purchases to hedge against potential inflation have sent property prices rocketing in Singapore, Hong Kong and China over the past year, prompting governments to take tightening measures to avert asset bubbles.

Hongkong Land said underlying net profit, excluding revaluation gains on investment properties, for the six months ended June 30 rose to US$477 million, from US$281 million in the year-earlier period. Analysts prefer to look at underlying profit to gauge the performance of Hong Kong's property companies because regular revaluations of investment properties distort the bottom line.

Net profit totaled US$1.39 billion, including a US$914 million gain on investment property revaluations. Hongkong Land posted a net loss of US$402 million in the year-earlier period.

Revenue for the first half rose 47% to US$765.1 million from US$521.5 million the previous year. The developer declared an interim dividend of US$0.06 per share, unchanged from the previous year.

"The second-half result will benefit from the completion of further residential units, although the contribution will be less than in the first half," Keswick said.

The firm's results were supported by robust growth in operating profit from residential property sales, which jumped to US$207.8 million from US$39.5 million during the reporting period, helped by sales at the Marina Bay Residences and Waterfall Gardens projects in Singapore and The Serenade in Hong Kong.

Operating profit from commercial property rose slightly to US$327.7 million from US$320.1 million.

Vacancy rates at the company's office properties in Hong Kong totaled 4.2% at the end of June with average rents remaining stable. The company didn't provide any year-earlier figures for comparison, but said in its annual results that the vacancy rate was 4.4% at the end of 2009.
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Old November 26th, 2010, 04:52 PM   #93
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Hongkong Land Hldgs Comml Property Remained Favourable
10 November 2010

LONDON (Dow Jones)--Hongkong Land Holdings Ltd. (H78.SG), an Asian property investment, management and development group, said Wednesday vacancy in the its Hong Kong office portfolio stood at 4% at Oct. 31, while the retail portfolio continued to enjoy 100% occupancy.

MAIN FACTS:

-During the period under review--July 1 to Nov. 9--the commercial property leasing markets in Hong Kong and Singapore remained favorable.

-In Singapore, One Raffles Link and One Raffles Quay are fully let, while Phase One of the Marina Bay Financial Centre, in which the Group has a 33% interest, has recently been completed and is fully leased.

-In residential, The Serenade in Hong Kong has been completed with 34% of the 97 units sold.

-Tower 4 of the One Central development in Macau, which is 47% held, was completed in October and nearly all of the 68 units available have been sold.

-In mainland China, Group increased from 30% to 50% its interest in three residential development projects in Shenyang.

-Contribution from residential development activities will be lower in the second half due to the timing of completions.
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Old December 20th, 2010, 07:58 PM   #94
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Developers review launch plans after latest cooling measures
24 November 2010
SCMP

New projects slated for release at the end of the year have run into an obstacle - the latest government measures to curb speculation and price growth in the property market.

Transaction volumes in the primary market had been expected to accelerate in November and December as many developers planned to launch new projects around the end of the year. But the government's announcement on Friday that stamp duty would be levied on properties bought and sold for a quick profit has taken the wind out of sales demand and forced a review by developers of their original sales schedules.

Cheung Kong (Holdings)' 1,368-flat new project, Festival City II in Tai Wai, sold only nine units on Saturday and Sunday. This compares with more than 200 sales on the day of the project's launch on Friday.

The sharp decline in demand has prompted Cheung Kong to lift its offer of a second mortgage to 20 per cent of the purchase price from its previous level of 10 per cent.

Among the developers that were scheduled to launch new projects in the next few weeks were Sun Hung Kai Properties and KWah International; while Henderson Land Development and Hongkong Land planned to relaunch remaining flats in projects already released to the market.

SHKP is sticking with its plan to launch its Nara Park project in Yuen Long this week. The project offers 173 flats sized between 635 and 1,568 square feet. Charmaine Lau, project liaison manager at SHK Real Estate Agency, said the measures to curb property speculation would not affect the company's sales strategy. The company may also provide second mortgages, depending on buyers' needs, she said.

But the chill that has descended over the market has prompted other developers to review their launch plans.

KWah's Chantilly in Mid-Levels East kicked off a promotion earlier this month with a view to launching at the end of the month and targeting a selling price of HK$40,000 per square foot.

But the developer has yet to update the market on its launch plan since the measures were released.

Hongkong Land had planned to announce prices for the remaining flats at Serenade in Mid-Levels East this week.

But Cherrie Lai Hon-kwan, head of Hong Kong residential property, said the developer was now gauging the market response to last week's measures. "We have to observe the market in the next few days. We had planned to raise asking prices by five to 10 per cent previously. But now we have to review selling prices," she said.

Lai nevertheless remained optimistic about the project's likely sales performance.

"The prices of our project range between HK$20 million and HK$60 million. I don't think buyers with such a budget would be affected by the government's measures, though overall market sentiment would be affected," she said.


Henderson has delayed the sale of the remaining units at Centre Point in Sheung Wan from the year end to next year. "Our project is not ready to launch by the end of this year. We have had to redesign the flat sizes," said Thomas Lam, general manager of sales at Henderson, who refused to say the delay was due to the cooling measures.
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Old December 27th, 2010, 04:29 PM   #95
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Author : http://www.album.com.hk/300d

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