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Old May 2nd, 2005, 06:50 AM   #161
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^dominate the skyline?? don't you worry--it'll look supreme when finally lit...
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Old May 2nd, 2005, 08:48 AM   #162
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no, dominating it's self as some sort of landmark which I suppose thats what it's been designed for.
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Old May 2nd, 2005, 11:15 AM   #163
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hk is going to be short of space soon
may b some1 should check on reconstruction projects
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Old May 2nd, 2005, 11:54 AM   #164
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^Such as the Wanchai market Redevelopment
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Old May 2nd, 2005, 12:20 PM   #165
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and Hanoi Road Redevelopment?
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Old May 2nd, 2005, 12:22 PM   #166
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And Johnston Road too?
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Old May 2nd, 2005, 12:24 PM   #167
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and in Mongkok aswell?
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Old May 2nd, 2005, 02:08 PM   #168
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Not to mention North Point Village?
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Old May 16th, 2005, 07:40 PM   #169
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Lai Sun eyes $600m fund for land bank
Sandy Li
16 May 2005
South China Morning Post

Lai Sun Development, which completed a massive debt restructuring in December last year, hopes to build a $600 million war chest from property sales this year to fund land acquisitions, the company says.

Director Julius Lau Shu-yan expects that its 50 per cent-owned luxury residential project, Rolling Hills Phase Two in Yuen Long, will generate $600 million in revenue when all 54 houses are sold.

Director Keith Wu Shiu-kee yesterday said sale proceeds would be used for land replenishment.

"It's time for us to think of building up our land bank as we have not been active in land acquisitions for quite some time," he said after a tree-planting ceremony at Rolling Hills.

Lai Sun is also considering arranging the tender sale of 35,000 square feet of commercial premises at its 50 per cent-held Kimberley 26 development in Tsim Sha Tsui.

The firm will have no new development projects after the sale of Rolling Hills Phase Two, which has just come on to the market. For seven years, Lai Sun was mired in a debt-reduction exercise, selling off core assets including a key stake in the Hotel Furama redevelopment and Causeway Bay Plaza One.

At the peak of its credit crisis in 2002, Lai Sun reported debt of $8.19 billion.

Besides the Kimberley development, Mr Wu said Lai Sun had no further plans to dispose of investment properties.

The Kimberley premises, in which 80 per cent of space has been leased, generate rental income of $24 million a year.

Mr Wu said monthly rentals at Lai Sun's 10 per cent-owned AIG Tower in Central - the Furama Hotel redevelopment - average $60 per square foot and tenants have signed up for most of the space.

Mr Lau said five houses at Rolling Hills had been sold at an average of $5,000 per square foot.

On Friday, shares in Lai Sun Garment (International), a sister company, were suspended from trading pending an announcement on a proposed rights issue.
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Old May 16th, 2005, 07:52 PM   #170
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Bank of China ....
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Old May 19th, 2005, 06:36 PM   #171
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By wyliepoon from the UT forum :





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Old May 19th, 2005, 07:48 PM   #172
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thats a wicked tower!!
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Old May 19th, 2005, 08:15 PM   #173
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I wish it would've been built somewhere else, not in front of Cheung Kong.
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Old May 19th, 2005, 09:27 PM   #174
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Rediculously Beautiful
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Old May 19th, 2005, 09:34 PM   #175
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Better than what I've expected
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Old May 19th, 2005, 10:50 PM   #176
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Amazin tower.

Quote:
Originally Posted by hkskyline
Lai Sun eyes $600m fund for land bank
Sandy Li
16 May 2005
South China Morning Post

Lai Sun Development, which completed a massive debt restructuring in December last year, hopes to build a $600 million war chest from property sales this year to fund land acquisitions, the company says.

Director Julius Lau Shu-yan expects that its 50 per cent-owned luxury residential project, Rolling Hills Phase Two in Yuen Long, will generate $600 million in revenue when all 54 houses are sold.

Director Keith Wu Shiu-kee yesterday said sale proceeds would be used for land replenishment.

"It's time for us to think of building up our land bank as we have not been active in land acquisitions for quite some time," he said after a tree-planting ceremony at Rolling Hills.

Lai Sun is also considering arranging the tender sale of 35,000 square feet of commercial premises at its 50 per cent-held Kimberley 26 development in Tsim Sha Tsui.

The firm will have no new development projects after the sale of Rolling Hills Phase Two, which has just come on to the market. For seven years, Lai Sun was mired in a debt-reduction exercise, selling off core assets including a key stake in the Hotel Furama redevelopment and Causeway Bay Plaza One.

At the peak of its credit crisis in 2002, Lai Sun reported debt of $8.19 billion.

Besides the Kimberley development, Mr Wu said Lai Sun had no further plans to dispose of investment properties.

The Kimberley premises, in which 80 per cent of space has been leased, generate rental income of $24 million a year.

Mr Wu said monthly rentals at Lai Sun's 10 per cent-owned AIG Tower in Central - the Furama Hotel redevelopment - average $60 per square foot and tenants have signed up for most of the space.

Mr Lau said five houses at Rolling Hills had been sold at an average of $5,000 per square foot.

On Friday, shares in Lai Sun Garment (International), a sister company, were suspended from trading pending an announcement on a proposed rights issue.

Crazy, $600 m for 54 houses. Man, only a few cities in the world have that price tag.
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Old May 19th, 2005, 11:05 PM   #177
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The view from the Peak (Dec. 2004)


The signage "AIG" has not been put up yet?
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Old May 20th, 2005, 04:21 PM   #178
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Quote:
Originally Posted by Skybean
The view from the Peak (Dec. 2004)


The signage "AIG" has not been put up yet?
NOT YET !!
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Old May 21st, 2005, 02:51 AM   #179
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Incredible photos. Can't believe the pair of LIPPO TOWERS are so small in comparison with its neighbours.
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Old June 12th, 2005, 11:19 AM   #180
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June 1






Taken yesterday



From a distance
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