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Old December 19th, 2015, 03:51 PM   #141
KillerZavatar
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shouldn't the title be demolition instead of under construction?
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Old September 29th, 2016, 07:19 PM   #142
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6/26









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Old January 23rd, 2017, 09:45 AM   #143
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When will the construction of phrase 2 start?
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Old August 14th, 2017, 05:59 PM   #144
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Rebuilding the New Kwun Tong by Eric Leung Gallery, on Flickr
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Old August 14th, 2017, 10:32 PM   #145
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Is that the main tower? Rendering?
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Old August 15th, 2017, 07:03 AM   #146
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Quote:
Originally Posted by Munwon View Post
Is that the main tower? Rendering?
Hmm .. I wonder where did the tall tower go?



Source : http://www.ura.org.hk/en/media/press.../20070423.aspx
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Old August 16th, 2017, 11:03 AM   #147
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Quote:
Originally Posted by hkskyline View Post
Hmm .. I wonder where did the tall tower go?



Source : http://www.ura.org.hk/en/media/press.../20070423.aspx
Isn't it the building in the bottom right corner by the MTR station?
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Old August 16th, 2017, 03:20 PM   #148
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Aug 16, 2017
Kwun Tong residents recall fond memories as Old Mac set to close
Hong Kong Economic Journal Excerpt




on.cc

After 36 years of service, the McDonald’s restaurant at Yue Man Square in Kwun Tong is set to close in two weeks as redevelopment work at the town center gathers pace.

At exactly 8 p.m. on Aug. 30, the fast-food joint will stop serving customers, hk01.com reports.

Employees of the restaurant confirmed that that they have been told by management that they will be relocated to other stores.

Many long-time residents and office workers in the area are sad to see its red neon lights and giant Golden Arches sign dim.

McDonald’s, with its famous retro decor, has been a favorite dining and meeting place in the area since it opened in 1981. Locals call it “Old Mac”.

A regular customer surnamed Ho said he always likes to sit upstairs and look out of the window to watch the world pass by.

At McDonald’s, he could sit as long as he wants – for the price of a cup of milk tea.

Now 83, he said the face of this part of Hong Kong has changed so much over the years, citing the opening of the apm shopping mall as an example.

Students will also miss the restaurant a lot because it is here where they do their homework and group projects.

“Coming here is better than going back to school as we can talk here for as long as we like and there will be no one to chase us away,” one student said.

“At school, the teachers are always busy and we need to trouble the janitors to open the doors for us to enter a room where we can sit and talk.”

Many millennials also expressed sadness for the loss of a place where they kill time before heading home.

More : http://www.ejinsight.com/20170816-kw...-set-to-close/
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Old September 7th, 2017, 04:04 PM   #150
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http://www.info.gov.hk/tpb/en/plan_a...A_K14_745.html

The project will now be developed in two phases due to clearance and acquisition issues in order to allow for the hotel/office building to be finished earlier.

The height of the tower has also been increased to 285m from the earlier approved height of 260m, and the tower will include an observation deck on the top floor.

New renders:





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Old September 9th, 2017, 11:07 AM   #151
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The office tower looks great! The residential towers are surprisingly bland though... still, a good development for the area and hopefully the office tower does end up being 285m.
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Old September 10th, 2017, 05:37 AM   #152
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BLUEEGGHHH. Another plain old building for Hong Kong. I was wishing it would look a bit better.
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Old February 6th, 2018, 04:23 AM   #153
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It's been a while since this thread has been updated, and there have been some design changes, so I thought I would share some images from this very comprehensive planning document.



(I do hope the cladding of the office/hotel tower is as reflective as this render suggests; reminds me somewhat of the cladding on the CTF tower in Tianjin)





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Old February 8th, 2018, 07:06 PM   #154
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Yue Man Square by tomosang, on Flickr

Yue Man Square by tomosang, on Flickr

Yue Man Square by tomosang, on Flickr

Yue Man Square by tomosang, on Flickr

Yue Man Square by tomosang, on Flickr
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Old September 9th, 2018, 05:19 PM   #155
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Stall holders hit HK$100 million jackpot as Urban Renewal Authority earmarks cash to move them from site of Hong Kong redevelopment project
One-off compensation planned for businesses that occupied private land in Kwun Tong town centre, where 1,700 flats, and 357,580 sq ft of retail space included in redevelopment project
South China Morning Post Excerpt
September 7, 2018

Hong Kong’s Urban Renewal Authority will shell out HK$100 million (US$12.7 million) to compensate shopkeepers operating 74 unauthorised stalls in a bid to speed up a redevelopment project in the city’s most densely populated district.

The one-off compensation arrangements concern the fifth and final phase of the Kwun Tong town centre redevelopment project, which began in 2007.

Some 110 shopkeepers, tenants and residents illegally occupied either government or private land in the 1960s and 1970s along a building strip near Yue Man Square and Kwun Tong Road.

Lax government enforcement, coupled with a lack of action from the owners of the land, has allowed the occupiers to stay for decades.

Because of such special circumstances, the authority has not been able to adopt the usual compensation policies in handling such cases.

“Although some of these people may have violated building codes or land leases, considering they have contributed to Kwun Tong for so many years, we decided to use a people-oriented approach and offer a reasonable and fair compensation to them,” Wai Chi-sing, the authority’s managing director said after a district council meeting in Kwun Tong on Friday.

“I’m not sure whether it would set a good or bad precedent, but I think it is a fair arrangement to solve the existing long-lasting problem in this area,” Wai said, adding they would have had to pay “far more than” HK$100 million if the shopkeepers were legal owners.

The special deal only applies to 74 stalls that have illegally occupied private land. Those who have occupied public land, or have legal hawker licences, will be handled separately.

The allowance each shopkeeper gets differs based on their location, stall size, occupancy tenure and whether they would accept an offer to relocate to a rebuilt mall in the area in the future.

Those who accept the compensation offer within a certain time period and agree to move out early can receive an “early bird” deal of an extra HK$100,000.

For example, a stall operator who has used a 129 sq ft space for 20 years will be able to get HK$1.65 million in allowance.

More : https://www.scmp.com/news/hong-kong/...-urban-renewal
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Old October 2nd, 2018, 06:38 PM   #156
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Old December 8th, 2018, 04:08 AM   #157
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Dec 7, 2018
Hong Kong Economic Journal Excerpt
Why Sino Land offers its new Kwun Tong project cheap

Sino Land has launched the first batch of 205 units of its Grand Central development in Kwun Tong at an average price of HK$17,388 per square foot. That represents a notable discount from second-hand flats in the neighborhood.

The discount has stunned the market given that company executives indicated earlier it would make reference to new projects in the former Hong Kong airport site Kai Tak, implying that per square foot price would be at least HK$20,000.

There are three possible factors behind Sino Land’s pricing decision.

First, buyers of Grand Central development would not be able to move in until the end of April 2021, a wait of nearly two and a half years. Things could change dramatically over that period amid rising geopolitical risks.

Meanwhile, Sino Land aggressively snapped up eight land plots last year for a total of nearly HK$40 billion. That means it is keen to speed up sales to fund upcoming projects.

The developer learned a bitter lesson in the last housing boom in 1997. It acquired the site for its Island Resort development at the peak price in March 1997, but the market quickly collapsed and it was forced to sell at a loss in 2000.

Grand Central has a total of 1,999 units, mostly medium-sized flats. The smallest apartment is 452 square feet. The first batch of 205 units represent around a tenth of the total, and a lackluster sale performance would not bode well for future sales.

Understandably, the developer wants to lure as many buyers as possible and have a good start.

The lack of demand from buyers in the district is another problem that Sino Land may have considered.

Kwun Tong is one of the poorest districts in Hong Kong, with a median household income of around HK$20,400 per month, far below the city’s overall median level of HK$26,500.

The size and price point of Grand Central cannot be attractive enough for first-time buyers in Kwun Tong.
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Old December 14th, 2018, 05:09 PM   #158
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Sino Land’s low-price strategy pays off as first batch of Grand Central flats in Kwun Tong is sold out
Developer Sino Land sells all the 488 flats on offer in the first batch at its Grand Central project in Kwun Tong
The project’s success comes only a week after another project in Tuen Mun sold just two flats

December 13, 2018
South China Morning Post Excerpt

A low-price strategy has proved effective in attracting anxious buyers as a prime residential project generated the strongest sales since October amid a property market correction in Hong Kong.

In stark contrast to recent disappointing sales launches, buyers shrugged off the cold weather to snap up the entire first batch of 488 flats on offer at Sino Land’s Grand Central 1,999-unit development in Kwun Tong on Thursday.

“I’ve done some comparisons, and I found the price really attractive,” said Li, the first buyer of the project in East Kowloon.

Li, who did not give her first name, paid HK$16 million (US$2.05 million) for a three-bedroom flat.

Sino Land offered an average discounted price of about HK$17,388 per square foot, 14 per cent lower than similar new project launches nearby.

For instance, a 504 sq ft unit at Vibe Centro by mainland developer Poly Property Group in Kai Tak, the site of Hong Kong’s former international airport, was sold at HK$11.71 million, or HK$20,300 per sq ft in November.

“The price we set is quite attractive and we hope it could be a Christmas gift to our buyers,” said Daryl Ng, deputy chairman of Sino Land.

Thursday’s sale attracted 7,758 prospective buyers to sign up for the first batch of 488 units on offer, meaning there were 88 bids for each flat.
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Old December 15th, 2018, 04:23 AM   #159
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nice, this is a long time coming.
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Old December 24th, 2018, 12:34 PM   #160
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Sino Land makes quick work of 336 flats at its Grand Central residential project in Kwun Tong
Only two flats remained unsold in the third phase on Sunday after more than 3,300 buyers had registered for the sale
December 23, 2018
South China Morning Post Excerpt

Sino Land’s Grand Central residential project in Kwun Tong, East Kowloon, saw another round of buying frenzy on Sunday, as 336 of the 338 units on offer were snapped up by eager investors.

According to the developer, 3,300 people had registered for the sale.

“Although two of the units were not sold on Sunday, the project continues to see strong buying interest,” said Sammy Po, chief executive of Midland Realty’s residential department, the sales agent for the development.

Po said that the strong sales have encouraged the developer to put more units on the market after buyers have stayed on the sidelines following the recent correction in property prices.

Sino Land said a total 1,205 flats at the 1,999-unit Grand Central development were sold as of Sunday as it raked in sales of HK$14.7 billion (US$1.9 billion) – the most for new flat sales in Hong Kong this year.
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