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Old March 7th, 2009, 08:30 PM   #1
hkskyline
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HONG KONG | The One | 29 fl | Com

Chinese Estates earmarks $1b for Tung Ying project
7 June 2005
South China Morning Post


The 40-year-old Tung Ying Building contributes almost HK$80 million in rental income to Chinese Estates annually. EASTWEEK

Chinese Estates Holdings will spend up to $1 billion demolishing the 39-year-old Tung Ying Building in Nathan Road and turning it into a commercial complex full of glitzy shops.

Work will start next year and yield about 400,000 square feet of commercial space. The redevelopment has been estimated to cost between $800 million and $1 billion and will take about three years.

A source told the South China Morning Post last week the decision to demolish the 17-storey building, which Chinese Estates bought in 2002 for $1.1 billion, had been prompted by a consumer spending boom and the property market revival.

The upper two floors of the three-storey retail podium houses laboratories and medical clinics. The ground floor has a diverse range of small shops.

Ernest Kong
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Old March 18th, 2009, 05:48 PM   #2
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By Car L
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Old March 21st, 2009, 05:19 PM   #3
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First posted by HSBC in the Hong Kong forum :

http://lwkp.s219.sureserver.com/en/pf_cmu3.htm

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Old April 3rd, 2009, 06:44 PM   #4
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何東與香港
15 January 2009
香港經濟日報

談起買辦,香港過去是殖民地,多的是買辦。而講香港買辦,自然要提及何東。如今尖沙咀的東英大廈,雖是華人置業的物業,四年前拆卸後重建,但前身是何東物業,仍有何東影子。「東英」之東,是何東;「東英」之英,是何氏元配麥秀英。

何東是荷華混血兒,父親何仕文是荷蘭裔猶太人,生母施氏祖籍廣東寶安。其父因營商失敗返回荷蘭,自幼由母親獨力撫養,深受中國文化薰陶,雖然一向堅持自己是英籍,但要比很多香港的中國人更中國,他甚至收容因戊戌變法亡命香港的康有為在家中。

何東就讀中央書院,即現今的皇仁書院,也是筆者的母校。當年這是間典型的殖民地書院,有濃厚的英式文化,而這種背景,有利於何東日後成為買辦及香港首富。他畢業後先在廣東海關工作,建立起初步的人際網絡及華洋貿易操作,其後加入香港怡和洋行任職繙譯,並迅速提升為買辦,最後更自立門戶,從事食糖、航運、地產等業務以及接辦《工商日報》。

何東可說是繼承猶太人善於經商的特點,加上頭腦精明,在洋人與華人社會之間游走,奠定香港在東西貿易的中介位置,配合縱橫交錯的政商網絡,讓香港充分體現作為東西樞紐、國際都會、面向世界及背靠中國的特殊地位。

總而言之,買辦是在夾縫中謀求發展的群體,是成功的中間商人,而香港成為殖民地後,華洋之間存在一個空隙,而何東正是以其勤儉性格與豐富的商業經驗,成功地填補了這個空隙。香港通過英國人所營造的政經環境,以買辦為基礎的華商,開疆拓土,勢力逐步擴大,形成香港獨特的政經文化。
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Old April 3rd, 2009, 08:57 PM   #5
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Nice new cladding. Very modern.
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Old April 12th, 2009, 03:25 PM   #6
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麼地道18號 半世紀舊樓放售; 藉尖沙咀重建效應 100%業權意向1.7億
10 February 2009
香港經濟日報

尖沙咀區多個大型項目相繼落成,帶動區內舊樓小業主,趁機聯合放售物業。

其中於新世界(00017)河內道K11項目比鄰的麼地道18號舊樓,正聯合100%業權放售,意向價1.7億元,市場料區內續有舊樓物業伺機出售。

比鄰河內道項目 冀帶旺市況

尖沙咀區內有不少舊樓物業,過去亦吸引不少發展商,於區內進行大大小小形式的併購活動,隨著區內有多項大型重建項目於今年起相繼落成,將為該區帶來新面貌。

市場憧憬該些新落成物業,將帶動周邊的物業價格水漲船高,坐落於新項目附近的一些舊樓物業,亦看準時機,趁機在市場放售物業,料此將成為區內的趨勢。

其中坐落於新世界及市建局合作發展的河內道K11重建項目隔鄰的麼地道18號舊樓,現以100%業權放售。

該廈現為1幢5層高的舊樓項目,樓面實用面積約5.264平方呎,於1955年落成,至今樓齡已達54年。

該項目佔地約1.36萬平方呎,規劃為「商業響」用途,可按地積比12倍重建,即可建總樓面約16.3萬平方呎,建築物高度限制為110米(主水平基準以上,下同),較現有樓面面積高出約2倍,具相當重建價值。

過去,尖沙咀區有多項舊樓物業被收購重建,並於今年起相繼落成,包括上述的河內道K11重建項目,為1幢64層高大廈,包括21層酒店、37層服務式住宅及6層商場,總面積約120萬平方呎。

可建樓面16萬呎 重建價值高

此外,華置(00127)位於彌敦道100號東英大廈舊址,以及彌敦道67號凱悅酒店重建項目(i Square),亦於今年內落成,令區內將新增逾100萬平方呎商業樓面。

另外,亦有多個大型項目緊接展開,其中新世界的尖沙咀新世界中心東翼項目,剛獲屋宇署批出建築圖則,准建1幢63層高酒店連商業摩天大廈,該集團亦計劃斥資超過50億元重建,並於數月內動工,料在尖沙咀一連串大興土地下,將可帶動區內的舊樓交投。
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Old May 1st, 2009, 05:19 AM   #7
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Old May 2nd, 2009, 09:34 AM   #8
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Brand names take different growth view
Large-scale shopping centres and shaky sentiment leave retailers pondering the future

22 April 2009
South China Morning Post

The outlook is mixed for the Hong Kong retail sector with several international brands postponing their expansion plans while others are continuing with their growth strategies despite the poor market sentiment.

Developers have also adopted entirely different growth strategies for shopping centres.

Sources said well-known watch brands A. Lange & Sohne, Glashutte and Franck Muller had signed agreements with Cheung Kong (Holdings) for space at 1881 Heritage, the former Marine Police Headquarters in Tsim Sha Tsui, at the end of 2007. However, the trio have withdrawn their Heritage plans in recent months.

A spokesman for Richemont Asia Pacific, the luxury goods group that owns the A. Lange & Sohne brand, yesterday said that market sentiment was behind the decision to pull out from the 1881 Heritage site a few months ago. "Opening a new shop is a big investment. We have to consider market sentiment when making a decision."

Leo Poon, the brand manager for Glashutte Original for North Asia, said: "There is no final decision and we cannot say too much at the moment. We will make an announcement later."

Sincere Watch (Hong Kong), the distributor of Franck Muller in Greater China, declined to comment.

A spokesman for Cheung Kong did not comment on the withdrawals saying only that the company signed no retail lease agreements in 2007.

However, Cartier and Tiffany & Co had executed the lease agreements and fitting out was under way.

Jeanette Chan, the regional director of retail at consultants Sandalwood, said: "The market is very mixed. We have seen many international watch brands expanding at 1881 Heritage and iSquare in the same time."

Mainland travellers are the main source of customers for the luxury watch industry.

A property agent said mainland travellers were more familiar with the bigger international brands, such as Cartier, and shopped accordingly. However, the lesser-known brands faced higher investment risk because of the poor market sentiment.

Meanwhile, developers are divided about the outlook for the retail market.

Hong Kong Sheraton Hotel in Tsim Sha Tsui owned by Hutchison Whampoa and Tai Cheung Holdings has delayed renovations planned for this year.

According to sources, the hotel last year planned to renovate the shopping centre and improve the connection with the MTR station in June this year. However, the plan is now on hold.

A spokeswoman for the hotel confirmed that the combination of still- running leases and the market sentiment was the cause of the delay.

"We had several renovation plans last year. But we won't renovate the shopping centre this year," she said.

The spotlight is about to shine on the retail market in Tsim Sha Tsui as four large-scale shopping centres - iSquare, K11, 1881 Heritage and the Tung Ying Building redevelopment projects - are scheduled for completion over the next two years.

Eric Yuen, an analyst at Dao Heng Securities, said Nathan Road's image and position in the market was very different from Canton Road.

"But that will change when iSquare and the Tung Ying redevelopment are completed," Mr Yuen said. "This is the perfect time for Sheraton Hotel to take the six to 12 months needed to renovate its retail complex. If it launches with a new face at the same time as the other developments, it will attract more shoppers."

Other developers such as Sun Hung Kai Properties, the Link Management and Swire Properties are doing just that to catch the revival they see coming in the next few years.

Maureen Fung Sau-yim, the general manager for leasing at Sun Hung Kai Real Estate, said the company would spend HK$40 million to renovate the apm shopping centre in Kwun Tong in the second half of this year. The project will be completed next year.

"We decided to renovate apm after the global financial crisis. It's our show suite in Hong Kong as we are developing the brand and the concept for the mainland," Ms Fung said.

She said the company was optimistic about the outlook for the market as new retailers recorded 15 to 20 per cent growth in turnover after the financial crisis.

Scott Nugent, a project and development director with the Link Management, said there was a lot of potential in the company's portfolio and despite the global financial crisis, HK$1.13 billion had been earmarked for the renovation of 19 shopping centres by 2011.

Mr Yuen was upbeat, saying retail market rents and prices would outperform other property sectors.

"Although visitor arrivals dropped in recent months, I believe tourism spending will continue to go up this year," he said.
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Old May 10th, 2009, 07:10 AM   #9
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5/2

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Old May 19th, 2009, 03:52 PM   #10
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By 鄧麗欣之戀 from skyscrapers.cn :

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Old May 19th, 2009, 05:21 PM   #11
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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
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Old May 19th, 2009, 05:53 PM   #12
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Old May 31st, 2009, 08:04 AM   #13
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Source : http://www.hkdigit.net/2009/05/tsim-...iner-terminal/

image hosted on flickr
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Old May 31st, 2009, 05:03 PM   #14
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What the heck is the container ship doing in Ocean Terminal?
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Old June 3rd, 2009, 06:01 PM   #15
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The container terminal is probably packed with cruise ships too large to dock in Ocean Terminal. :p
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Old June 3rd, 2009, 06:13 PM   #16
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Quote:
Originally Posted by _00_deathscar View Post
The container terminal is probably packed with cruise ships too large to dock in Ocean Terminal. :p
So... we have the container port to serve as the cruise ship terminal, and then we have the cruise ship terminal as the container port. something is messed up.
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Old June 4th, 2009, 06:24 AM   #17
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Looks like a very modern building. Great for HK
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Old June 4th, 2009, 07:32 AM   #18
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very unique and wonderful. love the cladding
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Old June 6th, 2009, 10:20 AM   #19
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Quote:
Originally Posted by EricIsHim View Post
What the heck is the container ship doing in Ocean Terminal?
Hamburg Süd: Final "Monte" class ship christened in Hong Kong
Press Release



Hamburg, 2 June 2009. Friday, 29 May, saw the "Monte Aconcagua", the last of a series of ten of Hamburg Süd's successful 5,552 TEU "Monte" class, christened in Hong Kong. The container ship's sponsor was Luise Klus, daughter of Dr Ingeborg von Schubert, Chairlwoman of the Advisory Board of the Gundlach Group, Bielefeld.

Following the naming ceremony, the "Monte Aconcagua" was phased into Hamburg Süd's Asia - South Africa/South America East Coast Service (New Good Hope Express).

In addition, Hamburg Süd will be adding three further "Rio" class vessels to its fleet until the end of the year. They have a container capacity of 5,900 TEU, making them one bay longer than the ships of the "Monte" class. The "Rio" ships are to be phased into the shipping group's Europe - South America East Coast Service, gradually replacing the "Monte" vessels, which will then operate in the Asia - South Africa/South America East Coast Service.

Technical data of the "Monte Aconcagua":

Capacity: 71,270 tdw
Container capacity: 5,552 TEU
Length overall: 272.00 m
Length between perpendiculars: 259.00 m
Breadth: 40.00 m
Draught max.: 13.20 m
Speed: 23.3 kn
Main engine output: 45,765 kW
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Old June 9th, 2009, 06:27 PM   #20
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By 鄧麗欣之戀 from skyscrapers.cn :



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