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Old May 1st, 2009, 07:48 PM   #1
hkskyline
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HONG KONG | Western District Projects & Redevelopments

Introduction

Western district is the site of Hong Kong's original colonial settlement. It is undergoing many redevelopments as the buildings age and a subway extension is slated to be constructed through the area soon.



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西環 爹核士街/均益街酒店項目







傲翔灣畔





卑路乍街42-44號 新世界48層住宅項目





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Old May 2nd, 2009, 09:14 AM   #2
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西環南里舊樓 新地出價洽購; 田生1.58億統一比鄰業權 具再併購潛力
6 February 2009
香港經濟日報

位於港島寶翠園附近的西環南里11至17A號舊樓,由田生集團(08136)成功以1.58億元統一業權後,曾併購隔鄰的19至25號,惟因部分單位涉及業權問題,已停止併購,但無損地皮吸引力,市傳獲新地(00016)出價洽購。

消息人士透露,西環南里舊樓項目所處位置,坐落於由新地、信德(00242)、廖創興(00194)及新世界(00017)合作發展的寶翠園附近,加上同區正興建港鐵西站,而地皮屬舊契,重建毋須補地價,故吸引不少發展商垂青,而擁有寶翠園發展經驗的新地,亦積極洽購。但新地發言人對集團是否收購西環南里舊樓一事不作回應。

近寶翠園 發展商垂青

田生集團早於2007年底,成功以1.58億元,收購南里11至17A號舊樓共45伙業權,現為兩幢6層高的舊樓,佔地約4,148平方呎,重建地積比率約8.7倍,可建總樓面約3.61萬平方呎。

其後田生繼續併購隔鄰的南里19至25號舊樓,以擴大地盤面積,涉及約39伙,以每伙200萬至300萬元進行收購,並有逾70%業權人簽約願意出售業權,但由於當中部分單位業權問題,涉及法律訴訟,故田生最終決定放棄收購,並於近日退還訂金予小業主。

屬舊契 毋須補價吸引力增

雖然短期內併購無望,但由於單就南里11至17A號舊樓重建,亦具發展潛力,因該地可建樓面面積尚未用盡,加上屬舊契,若重建毋須補地價,再者若比鄰舊樓之業權問題得以解決,仍有機會繼續併購,以擴大發展用地之地盤面積。

而財團亦已為地皮擴大面積作出部署,就整幅西環南里11至25號用地,獲屋宇署批出建築圖則,准建1幢44層高住宅大廈連會所,地下3層作為商舖,總樓面約8.73萬平方呎,包括8.36萬平方呎住宅及3,716平方呎作商業,有關建築圖則亦成為發展項目規模的保障。
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Old May 11th, 2009, 10:17 AM   #3
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Old May 11th, 2009, 08:42 PM   #4
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Never heard of this one! We should make a thread for this under highrise or something... altho this looks like it's gonna be ugly...
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Old May 12th, 2009, 04:29 AM   #5
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Quote:
Originally Posted by spicytimothy View Post
Never heard of this one! We should make a thread for this under highrise or something... altho this looks like it's gonna be ugly...
This one is right at the western edge of Kennedy Town and is quite a walk from the tram terminus. I don't know much about this project and caught it on skyscrapers.cn initially. But it's topped out already ... probably not much more updates if it has its own Highrise section thread - it may all be over on the first page. What do you think?
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Old May 13th, 2009, 01:14 AM   #6
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Thanks for posting this!
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Old May 13th, 2009, 03:51 AM   #7
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Ok never mind I guess. Always good to have more representation on the front pages.
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Old May 17th, 2009, 02:04 PM   #8
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Old May 22nd, 2009, 06:48 PM   #9
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Height cap points to shift in focus
Developers may turn to older buildings in other districts after Mid-Levels restrictions

26 March 2008
South China Morning Post

Old buildings in Western, Kennedy Town and Wan Chai will be the next acquisition targets of developers after the government imposed building height restrictions in Mid-Levels last week, property analysts say.

Developers have aggressively targeted old buildings in luxury residential areas for redevelopment in recent years, with Mid-Levels a favoured location.

However, their hopes of cashing in by significantly increasing the saleable gross floor areas of the redevelopments were dashed last week when the Town Planning Board imposed height limits in the area.

Under the restrictions, buildings will be limited to heights of between 170 and 320 metres.

A developer affected by the new rule is Cheung Kong (Holdings), which acquired the 28-storey Lodge on the Park in Kennedy Road for redevelopment last year.

The company is believed to have wanted to build a high-rise tower on the site but is now restricted to keeping the building to its existing height.

Gabriel Cheng Hon-wah, a director in investment at property consultants Savills, said developers were now expected to shift their focus to acquiring old buildings in Western, Kennedy Town and Wan Chai, which have no building height restriction yet.

Surveyor Albert So Chun-hin expected old buildings in Wan Chai would be welcomed as redevelopment prospects by developers.

"Many of the sites are on old leases which have no development restrictions," Mr So said.

"But it is definite that the government will impose building height restrictions over Hong Kong."

He said that although there were no limits in these areas yet, developers should be prepared for their imposition.

Both Mr Cheng and Mr So said buildings which were below the allowed development plot ratio and were at least 40 years old would be targeted by developers.

Prices of flats in buildings that were between 30 and 40 years old at present ranged between HK$4,700 per square foot and HK$5,000 per square foot, said Joan Chow Pui-ying, a sales manager at Centaline Properties.

"Most of the units in this age bracket offer rental yields of 6 per cent, which is attractive to investors," Ms Chow said.

Sam Shum Hing-woo, a deputy sales manager at Centaline, said flats in old buildings in Kennedy Town had become popular in recent years as buyers hoped developers would offer aggressive prices to acquire the buildings for redevelopment.

Units of 40-year-old buildings in the area are currently selling at an average price of about HK$3,500 per square foot, according to Centaline.

Mr Cheng said developers were willing to offer aggressive prices to buy flats in old buildings which had redevelopment potential.

"Take Merry Terrace as an example. Developers offered HK$19,000 per square foot to acquire units in the building for redevelopment that could fetch only HK$7,000 per square foot on the secondary market," he said.

However, prices expected to be bid by developers for old buildings would now be more conservative since the height restrictions in Mid-Levels were imposed, and developers expected more restrictions elsewhere.

"The taller the new development, the better panoramic view it gets, and the higher the price achievable," Mr Cheng said.

"Developers won't offer aggressive prices if they cannot build a tall building."

Mr So expected the acquisitions of old buildings in Mid-Levels would slow in the wake of the development restrictions announced last week - an outcome that occurred in Kowloon Tong two years ago.

After the market recovery in 2003, developers began aggressively acquiring old buildings in Kowloon Tong.

However, the trend stopped abruptly in 2006 when the government imposed building height restrictions in the area.

The government has accelerated its programme of imposing development restrictions, and within the past two years most of the high-density districts such as North Point, the Peak and Quarry Bay on Hong Kong Island and in Kowloon have had building height or development plot ratio restrictions imposed to avoid over-development.

Kennedy Town, Sai Ying Pun, Sheung Wan and Wan Chai on Hong Kong Island are expected to become the next targets of the planning department.

Mr So expected the pace of urban renewal in Hong Kong would slow as more restrictions appear over the next two years.

"In the long term, the government should consider how to accelerate redevelopment in old districts and still retain the character of each district," he said.

"We should not rely solely on the Urban Renewal Authority."
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Old May 23rd, 2009, 08:18 AM   #10
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By SillYIN from skyscrapers.cn :

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Old June 12th, 2009, 10:53 AM   #11
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URA to study options for waterfront food market in Western
12 June 2009
South China Morning Post

The Urban Renewal Authority has been commissioned to study how to revitalise an underused food market occupying a large area of waterfront land in Western district.

The 6.2 hectares could be used for outdoor dining and for shops, Permanent Secretary for Development Raymond Young Lap-moon told a meeting of the Legislative Council development affairs panel yesterday.

"In the long run, we hope to make it a commercial space with a promenade," Mr Young said. The Urban Renewal Authority has several redevelopment and rehabilitation projects in the district.

The Western Wholesale Food Market near Fung Mat Road, consisting of eight piers, and one government office block now occupied by the Agriculture, Fisheries and Conservation Department, lie between existing promenades in Sai Ying Pun and Shek Tong Tsui. Four of the piers are disused. It is separated from the rest of the district by Connaught Road West.

Last month, the Central and Western District Council suggested developing the area, now closed to the public, into a tourist-friendly fish market like those in Japan. The council said if it was impossible to relocate the market; opening it as part of the promenade would be the second-best option.

An Urban Renewal Authority spokesman said its officers carried out a site visit last week and would study the feasibility of revitalisation.

Meanwhile, a petition organised by restaurant owners and residents in Central and Sheung Wan in support of outdoor dining had attracted about 2,030 signatures online by yesterday. It was launched against the district council's initial decision - now suspended due to public opposition - to ban outdoor dining in the area from next month.

Lawmakers were also briefed at the meeting about the methods, composition and terms of reference of harbour authorities overseas. Alan Leong Kah-kit, of the Civic Party, said he felt a high-level authority was necessary to oversee development of the West Kowloon Cultural District, Kai Tak and the new Central waterfront.

Mr Young said a taskforce under the Harbourfront Enhancement Committee was still studying the management mode and the government did not have a preset agenda.

Earlier, members of the taskforce said, after making overseas visits, that a central authority incorporating relevant government department heads and armed with policymaking powers would be suitable for Hong Kong.
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Old June 25th, 2009, 06:04 PM   #12
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Old is gold for buildings
22 June 2009
The Standard

There is a growing interest in the redevelopment of old buildings following a government proposal to make urban renewal easier.

A local fund has spent about HK$231 million on acquiring 90 percent ownership of an old building in Sai Wan, in the belief that the development potential of Western District will rise after the construction of the MTR West Island Line.

According to the Sing Tao Daily, sister publication of The Standard, the fund had to spend HK$2,800 to HK$3,000 per square foot on the eight-story Pit Fat Building at 58 Belcher's Street.

The total investment is expected to be HK$450 million for the area, which could be transformed into a gross floor area of more than 90,000 square feet. The fund will apply for compulsory sale of the whole project.

More developers are showing interest in acquiring old buildings after the Development Bureau proposed lowering the percentage of owners required to approve a compulsory sale for redevelopment from 90 percent to 80 percent. Sources said the local fund won 91.8 percent of undivided shares for the 49-year-old building before the bureau made its proposal.

Meanwhile, Richfield Group (8136) plans to acquire nine old buildings on Cha Kwo Ling Road in Yau Tong by offering HK$4,500 psf for flats and HK$4,800 psf for shops.

The nine buildings are 35 to 40 years old with five to 10 floors. They could be rebuilt into a GFA of more than 213,000 sq ft.
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Old June 28th, 2009, 12:20 PM   #13
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西環傲翔灣畔 廿餘伙下月現樓賣
27 June 2009
星島日報

由置業發展的港島域多利道單幢豪宅傲翔灣畔,「食」着近期升市,於過去2星期售出近70%單位,尚餘20多個單位將於下月以現樓姿態推售,平均每方呎意向價約1.3萬至1.6萬元。

置地香港住宅部主管黎漢群表示:「傲翔灣畔近2周售出約66伙,山景戶平均呎價約7,800至9,500元;海景則9,600至12,000元;22樓以下的標準單位已沽清。投資者比例40%至50%,以長綫為主,不少來自中半山及中區,最大手買家購入全層4伙。」

黎氏又提到,集團正部署於下月開放3個現樓示範單位,屆時將同步推出尚餘的約20多伙。而位於3樓的連平台花園單位,以及頂層2,085至3,741方呎相連、複式大戶,最新意向呎價亦調整至1.5萬至1.8萬元。
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Old July 5th, 2009, 12:37 PM   #14
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傲翔灣畔複式售價料破億
5 July 2009
明報

【明報專訊】近月來已售出八成單位的港島域多利道分層豪宅新貴「傲翔灣畔」,發展商置地除今天首度開放現樓示範單位外,現正密鑼緊鼓部署推出樓盤的「秘密武器」——為數共8伙的特色單位。

同類樓盤港島區甚為罕見

置地香港住宅部主管黎漢群接受專訪時透露﹕「傲翔灣畔餘貨已不多,集團計劃先推出3個2085方呎相連大戶,繼而是3個位處3樓、附連平台花園的特色戶,『壓軸』的是兩個頂層2700餘及3700餘方呎複式大戶,這兩伙的意向呎價肯定貼近3萬元;換言之,單位銀碼將達8000多萬,以及超過1億元的水平。」

事實上,傲翔灣畔兩個複式大戶的做價,若真的能夠達到8000萬至逾1億元的水平,不但創港島西區及域多利道一帶分層物業新高價指標,價位與薄扶林「貝沙灣」、港島南區的「屋仔」(洋房),亦有過之而無不及。

黎漢群表示,3個分佈於28至30樓的2085方呎相連大戶,即日可接受洽購,意向呎價維持1.6萬至1.8萬元。至於另外3個位處3樓的連平台花園單位(室內面積665至1371方呎、連548至1012方呎平台花園),最大賣點是其中的A、B室,買家可自行打通成一套面積2036方呎、另加 1400多方呎平台花園的相連大戶(A室的入口玄關位、與B室的廚房位置相通)。

黎指出,港島新盤供應量已不多,設有平台花園的特色戶就更少,此類特色戶在市場會有一定叫座力。假若3樓A、B室以相連形式發售,呎價將以1.6萬元為起步點、銀碼料介乎3300萬至3400萬元。

不過,傲翔灣畔最受注視的餘貨,肯定是兩個位處物業頂層31、32樓的2714及3741方呎複式大戶;這兩個大戶的特色是,無論大廳、偏廳、主人套房及各房間,均裝設落地玻璃,室內任何角落都可瀏覽維港、昂船洲大橋的景色,廚房配套及雲石材料亦經過升級。黎指出,這兩個複式大戶位處頂層,完全越過同區物業,加上另設平台花園,住戶私隱度高,意向呎價貼近3萬元,價錢的確可媲美一幢「屋仔」。
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Old July 5th, 2009, 03:33 PM   #15
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西區建公屋與豪宅為鄰本文重點
2009年07月05日(日)






港鐵西港島線動工帶旺西區,無論住宅和商舖租金都隨即上升,政府擬於西區興建公屋作平衡,兼解決公屋鬧地荒問題,據了解,已清拆多年的摩星嶺公民村地皮、以及空置的堅尼地城警察宿舍都是合適選址。多名中西區區議員預料附近豪宅居民或會反對,擔心影響樓價,故促請政府及早交代選址,諮詢區議會。

運輸及房屋局副局長邱誠武昨在電台節目聲稱,明白西區部分居民擔心興建西港島線會令房屋租金上升,他透露當局正積極在西區覓地建公屋,並已有目標土地,但西區可建公屋的地方不多,政府會盡量覓地,而在西區建公屋的好處是獲區議會支持,居民也歡迎。

影響樓價料有反對
但邱誠武亦說,由於西區土地資源珍貴及分散,又或已有業權存在,加上其他政府部門亦可能對相關土地有興趣,故需要時間解決土地使用問題,待時機成熟時,便會公布詳情。他指西港島線通車後,可活化社區,帶動區內經濟,若居民未能負擔私樓,可申請公屋。

邱誠武拒透露目標地皮和擬建公屋單位數目,但據了解,公民村地皮和堅尼地城舊警察宿舍都是當局考慮之列,亦因在其他區擬建公屋都碰壁,當局取態是「起得一幢得一幢」,不介意地皮細而分散。

房屋委員會委員兼中西區區議員葉國謙認同,西區土地供應有限,相信堅尼地城舊警察宿舍用地可建公屋,但該地面積有限,供應單位數目不會太多。中西區區議會副主席陳捷貴說,目前區內公屋僅有西環邨和觀龍樓,單位數目並不足夠,相信居民及很多區議員都贊成建公屋;但他亦稱,上述兩幅地皮附近有不少豪宅,預料居民因擔心影響樓價而可能反對建公屋。

區議員促盡早諮詢
該區區議員陳學鋒亦稱,不能排除豪宅居民會反對計劃,故政府應及早諮詢區議會,他認為一個社區應有公屋和私樓,各階層融和。另一區議員陳財喜也說,公民村地皮適合建公屋,其次是港大山邊的土地,他指區內長者對公屋有需求,公屋亦可令西區人口多樣化。

另外,邱誠武說,由於成本上升及施工方法改變等因素,西港島線造價大幅上升,但日後票價不會與造價掛鈎,由中環往西環,將與現時往銅鑼灣票價相若。
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Old July 7th, 2009, 08:09 PM   #16
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By fatshe - 6/29 :













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Old July 8th, 2009, 12:04 PM   #17
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DAB backs residents in rail extension claim
6 July 2009
The Standard

About 60 Western District residents are demanding government compensation for the impact of the MTR West Island extension project on their properties.

At a meeting held by the Democratic Alliance for the Betterment and Progress of Hong Kong, some residents were concerned construction work would affect the safety and value of their buildings.

The DAB said construction would greatly limit the redevelopment potential of more than 360 buildings.

The MTR has to purchase full underground rights to 158 buildings and partial rights to 209 buildings in order to build the tunnel, which will be seven to 20 meters underground.

The most affected area will be between Sheung Wan and Sai Ying Pun where foundations will be particularly shallow.

The government has set aside around HK$380 million in compensation based on 2007 property values.

Surveyor Tony Chan Tung-ngok estimated current prices at between HK$7,000 and HK$8,000 per square foot.

He said compensation could amount to far more than HK$380 million.

On July 3, the Legco Finance Committee approved HK$12.25 billion for the construction cost of the West Island Line.

Property owners can claim compensation if they can prove loss of property value, but must use professional surveyors to evaluate the loss of value to their properties, said Yeung Hok- ming, the DAB's senior assistant coordinator.

``We worry about small property owners who cannot afford employing professional surveyors to estimate their loss,'' Yeung said.

The party demanded the government and MTR take an active role in compensating property owners.

In January, four property owners were told West Island Line construction work could affect their building's foundations but were given reassurances over safety.

The West Island Line will extend the Island Line from Sheung Wan to Kennedy Town. Construction is due to start next month and be completed in 2014.
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Old July 9th, 2009, 11:55 AM   #18
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西區業主 盼重建速獲賠償
6 July 2009
香港經濟日報

數十名西區業主昨舉行大會,擔心港鐵西港島線回收中西區逾300幢大廈地層,令大廈將來重建時樁柱不能打得太深,限制建樓高度,影響重建價值。有居民稱自己居住的樓宇已有35年樓齡,很快需要重建,希望政府能盡快向他們作出賠償。
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Old July 17th, 2009, 06:06 PM   #19
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MTR Corp, HK Govt Sign Agreement On HK$15.4 Bln Rail Project
13 July 2009

HONG KONG (Dow Jones)--MTR Corp. (0066.HK) said Monday it signed an agreement with the Hong Kong government to build the West Island Line, the extension of the MTR network to the Western District of Hong Kong Island.

Under the agreement, the government will pay the rail operator HK$12.25 billion to help finance the line's construction, MTR said, adding the project's total estimated cost is HK$15.40 billion.

During the construction period up to 2014, the project will create about 6,600 jobs, it said.
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Old July 20th, 2009, 08:45 PM   #20
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西區海濱倡建觀日落公園
2009年07月17日
東方日報


「城西海濱重塑」計劃建議把西區副食品市場闢設露天食肆和社區農圃。 (何天成攝)

西區海濱發展備受關注,中西區區議會與地區團體進行「城西海濱重塑」,經多次公眾諮詢後,建議將西區海濱分為五個主題小區發展,當中包括增設水上的士站穿梭維港兩岸、將貨物裝卸區以船上博物館形式發展為「香港港口發展博物館」、西區副食品巿場則闢設露天食肆及社區農圃,以及在海濱西陲設立「觀日落公園」,讓公眾能真正享用海濱。

明愛莫張瑞勤社區中心與中西區區議會合作,早前在區內提出城西海濱重塑計劃,綜合居民意見後定出西區海濱發展方案,建議將上環雨水抽水站至堅尼地城臨時遊樂場一帶的海濱分五區發展。

小組建議撥出西區副食品巿場側約四千七百平方米的土地作社區農圃,副食品巿場本身則保留地下一層作原有批發用途,一樓及平台則轉作海味藥材等零售用途,配合海味街發展,天台則設露天或半露天食肆,打造「西區美食坊」以善用日落景致。

副食品市場對出其中一個小碼頭則建議發展成水上的士站,可來往中環、港島東及九龍沿岸,另一個小碼頭則可活化為釣魚碼頭。

用船闢設港口博物館

研究小組又認為西區公眾貨物裝卸區毋須佔用大片西環海旁土地,建議分三階段發展為多用途海濱長廊,包括增設園景平台、單車及滑板練習場,以及將內港位置以船上博物館形式設立香港港口發展博物館,作為卑路乍灣公園的延伸。

至於三角碼頭及前西區屠房一帶,則擬發展為藝術廣場及酒吧街;港島西端西寧街一帶建議設置觀日落公園、燒烤場及運動場等;興建中的中山紀念公園則建議增設單車徑,並加強與鄰近海濱的連接性。

研究小組將於下周三向共建維港委員會海港計劃檢討小組委員會講述建議方案,小組委員會同日亦會討論北角海濱概念設計比賽、啟德住宅發展、廣深港高速鐵路在西九龍填海區設站的發展規限,以及灣仔發展第二期計劃的海濱設計。
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