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Old June 16th, 2019, 06:15 PM   #2461
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Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May
Only 30 out of 251 flats at Vanke Property’s Grand Le Pont sold on Sunday
No takers for Henderson Land’s Novum East, while only one flat sold at Novum West

June 16, 2019
South China Morning Post Excerpt


Novum East website

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.

Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to mainland China. They are demanding that Chief Executive Carrie Lam withdraw the bill and resign.

Only 30 out of 251 flats at Grand Le Pont in Tuen Mun, the New Territories, were sold by around 6pm, according to Sammy Po, chief executive at Midland Realty’s residential department.

The flats were put up on sale by Vanke Property, the Hong Kong unit of China’s most valuable developer. Of the 251 units, 162 units were on open sale and 89 for tender.

More : https://www.scmp.com/business/articl...dow-hong-kongs
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Old June 20th, 2019, 01:24 PM   #2462
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ESF to start building new $1 billion Island School campus
The Standard Excerpt
20 Jun 2019


Source : https://www.esf.edu.hk/2019/06/19/is-demolition/

Island School started demolishing its old campus on Borrett Road in Mid-Levels yesterday to make way for a new HK$1 billion campus that will be completed by the start of the school year in 2022.

The Legislative Council had approved HK$536 million in funding for the construction of the campus last year.

The cost for extra facilities, which is around HK$600 million, will be paid by the English Schools Foundation.

Upon completion, the new campus will be able to cater to 1,200 students on a site that spans over 12,142 square meters.

Belinda Greer, the foundation's chief executive, said the demolition work of Island School was not about eradicating the past, but building a new future.

"I am hugely grateful to the Hong Kong government for the way in which they have backed our vision for the new Island School - and I am equally as grateful to our neighbors on Borrett Road for the way in which they have worked with us to get us to this point," she said.

"ESF is a world-class education system, but we have ambitions to go beyond that - to be world leaders. This new school is the embodiment of the scale of those ambitions."

The school's principal Stephen Loggie said students are excited for the state-of-the-art campus. "The project has been many years in the making - so for us to reach this important milestone is of real significance for the current students - and the generations who have preceded them," he said.

"We are enjoying our temporary home in Sha Tin and we are delighted that the local community has embraced us so warmly. However, Borrett Road is our true home - and we cannot wait to get back."

According to documents submitted to the Education Bureau and the Central and Western District Council, the old campus's ceiling and facade had exfoliated defective concrete falling off from time to time due to aging.

After reviewing the structural condition of the old campus, the English Schools Foundation decided to build a new one since maintenance will not stop the building from aging and the cost of keeping it would be too high.

The school also plans to keep the 93 out of the 144 trees within its original campus, and will plant the remaining 51 trees in other places.
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Old June 24th, 2019, 03:25 PM   #2463
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Hong Kong Economic Journal Excerpt
Jun 24, 2019
Ngong Ping’s ‘Wisdom Path’ undergoes an upgrade

Photos : https://www.info.gov.hk/gia/general/...9062200798.htm

The “Wisdom Path”, one of Ngong Ping’s attractions, has recently undergone improvement works with new facilities such as a commemorative plaque for the late Professor Jao Tsung-I.

The improvements also include a site map, benches and QR codes, allowing easy access to the updated site information on the web.

“Visitors can have a better understanding of the history and background of the ‘Wisdom Path’ from the commemorative plaque which displays the biography and academic achievements of the late Professor Jao,” a Tourism Commission spokesman said.

He was referring to the late scholar and academic who donated an original calligraphy featuring the “Prajna Paramita Hrdaya Sutra” (Heart Sutra) to the Hong Kong government in 2002.

Visitors can now also scan QR codes on the newly-added facilities and viewing platform with their mobile phones, which will redirect them to the website of the Tourism Commission on the attraction, the spokesman said.

In addition, improved trails and directional signage also bring more convenient travel experiences to the public and tourists.

The “Wisdom Path”, which opened to the public in May 2005, has become one of the top tourist attractions in Ngong Ping village on Lantau Island.

More : http://www.ejinsight.com/20190624-ng...es-an-upgrade/
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Old June 29th, 2019, 04:52 PM   #2464
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Quote:
Originally Posted by hkskyline View Post
Lohas Park Overview (right)

Untitled_Panorama1 by King Wai Foo, on Flickr
July 2018

Tseung Kwan O / Hong Kong / Aerial Photography by King Wai Foo, on Flickr
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Old June 29th, 2019, 08:49 PM   #2465
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Pak Tin Estate Redevelopment

More Public Housing by Tomas Wiik, on Flickr

Government Press Release : https://www.info.gov.hk/gia/general/...7083000339.htm
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Old June 30th, 2019, 04:37 AM   #2466
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Hong Kong’s government releases smallest allotment of land for homes in five quarters as real estate bull run stumbles
Two plots of land that can yield 1,350 apartments were released for the second fiscal quarter ending in September, 35.7 per cent less than the previous quarter
Altogether, four plots valued at a combined HK$152.19 billion were released, including a commercial parcel and a hotel site

June 28, 2019
South China Morning Post Excerpt

Hong Kong released the smallest allotment of land for private residential housing in five quarters, as the city’s legislative agenda was disrupted by nearly three weeks of sporadic street protests.

Two land plots in Kai Tak and Tuen Mun that can yield 1,350 apartments were released for sale on Friday, along with a commercial parcel and a hotel site valued at a combined HK$152.19 billion (US$19.5 billion), according to the city’s Development Bureau. The yield on the residential plots for the second fiscal quarter ending in September fell by 35.7 per cent from the 2,100 units in the previous three months.

“In the first two quarters, we have met 40 per cent of the [land supply] target, compared with just about 30 per cent in the same period in the last financial year,” said the bureau’s chief Michael Wong.

The slower pace of release puts the administration of Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor on track to miss its target of releasing enough land to build 13,500 flats for the fiscal year that began in April. The current year’s target is already 25 per cent lower than the last fiscal year because of a shift in allocation in favour of public housing.

The smaller-than-expected land release came on the day when the city’s street protests since June 9 around a contentious extradition bill became a talking point between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe at the G20 summit in Osaka.

More : https://www.scmp.com/property/hong-k...rtainty-around
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Old July 1st, 2019, 04:53 AM   #2467
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Demand for Hong Kong developer Wing Tai’s Oma Oma project pushes residential property sales to ‘one of the best weekends this year’
Wing Tai Properties receives 800 bids for 193 units at Oma Oma in Tuen Mun
On Saturday, Wheelock Properties sold all 504 Grand Montara flats in Tseung Kwan O

June 30, 2019
South China Morning Post Excerpt


on.cc

Hong Kong property developer Wing Tai Properties said on Sunday it had sold about 70 per cent of apartments on offer at its new Oma Oma development in Tuen Mun, rounding off what could be one of the most successful weekends for residential property sales in the city this year.

Buyers had snapped up 130 units out of the 193 on offer at Oma Oma as of 5pm, a day after Wheelock Properties sold all 504 Grand Montara apartments in Tseung Kwan O, in Hong Kong’s third-biggest weekend launch this year.

News of a truce in the year-long US-China trade war has lifted sentiment and boosted confidence, and could signal the beginning of a shift in market mood.

“Property sales will probably continue to heat up over the next few days, thanks to the good news from G20,” said Louis Chan Wing-kit, vice-chairman for Asia-Pacific at Centaline Property Agency. “The sale result [at Oma Oma] has been much better than we expected,” he added.

More : https://www.scmp.com/business/articl...es-residential
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Old July 2nd, 2019, 02:38 PM   #2468
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Madison Park
Development Website : http://www.madisonpark.hk/en/
1 Kowloon Road
# Floors - 24 (omitting 4, 13, 14, and 24/F)
Expected Completion : November 2020

Sham shui po by Eric Su, on Flickr
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Old July 6th, 2019, 05:32 AM   #2469
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Quote:
Originally Posted by hkskyline View Post
DSC_3125_5788 by inchpebble, on Flickr

Scheduled to re-open in November !

https://hk.art.museum/en_US/web/ma/rennovation.html
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Old July 7th, 2019, 10:13 AM   #2470
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Developer slashes prices of T-Plus flats by 38 per cent to get first-home buyers to give Hong Kong’s smallest abodes a look-in
Smallest unit of 128 square feet will be offered at a starting price of HK$1.73 million
South China Morning Post Excerpt
5 July 2019














Reported on on.cc

The developer of a micro flat project in Hong Kong has cut the price of flats that are smaller than a car parking space by 38 per cent, after managing to sell only two units during the initial launch in December.

Prices were unveiled on Thursday for 36 flats at the T-Plus project in Tuen Mun, jointly developed by *Jiayuan International Group and Stan Group,starting at HK$1.73 million (US$222,200), which makes it the cheapest property in the city since CK Asset Holdings sold 165 sq ft units at Mont Vert in Tai Po for HK$1.65 million in 2014.

The shoebox-size units feature an 88 sq ft living room and open kitchen.

Of these 36 units, 12 flats measure 128 sq ft each, which will be sold for as low as HK$13,577 per sq ft after discount. The new price is 37.6 per cent lower on a per square foot basis than a 131 sq ft studio, which the developer put on the market for HK$2.85 million last November.

More : https://www.scmp.com/business/articl...per-looks-lure
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Old July 9th, 2019, 03:10 PM   #2471
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Kowloon Park underground zone 'should boost local brands' say Hong Kong legislators
South China Morning Post Excerpt
25 June 2019

A planned underground zone beneath a major Hong Kong park should set aside shops for local companies and be linked to a nearby arts hub, legislators said on Tuesday.

During a Legislative Council development panel meeting, lawmakers supported a government proposal to develop a 538,000 sq ft, three-storey space under Kowloon Park in Tsim Sha Tsui.

The development, on an area covering about 25 per cent of the 13-hectare park, will create all-weather pedestrian walkways, community facilities, shops, restaurants and car parks.

But some lawmakers said the plan could be improved. One said most of the shops and restaurants should be reserved for Hong Kong brands.Hong Kong's traditional shopping districts are all dominated by these shops and it's not diverse at all. How can Hong Kong survive in the long term if we can't develop our own brands?Michael Tien, legislator

“If it's not jewellery shops, watches, it's international luxury brands [in the local area],” Michael Tien Puk-sun said.

“Hong Kong's traditional shopping districts are all dominated by these shops and it's not diverse at all. How can Hong Kong survive in the long term if we can't develop our own brands?”

More : https://www.scmp.com/news/hong-kong/...cal-brands-say
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Old July 10th, 2019, 12:03 PM   #2472
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Former Murray Road Car Park Site | Central

Project summary: https://www.dezeen.com/2018/05/31/za...-architecture/

Project facts
  • Design: Zaha Hadid Architects
  • Developer: Henderson Land Development
  • Height: 35 storeys | 190m AOD
  • Site cost: HK$23.3 billion (£2.2 billion)
  • Projected completion: Q3 2022

Some recent photos of the site by Gaoloumi user PAFC, featuring some rather exciting bits of steel:





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Old July 11th, 2019, 03:00 AM   #2473
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Rail plan with huge costs gets new life
The Standard Excerpt
11 Jul 2019

A shelved HK$110 billion plan to build the Hong Kong-Shenzhen Western Express Line has been given new life after the government says it will cooperate with the mainland in researching its feasibility.

But there is no timetable for constructing the railway, the Transport and Housing Bureau said yesterday.

The original plan for the link includes three sections - two cross-border and one domestic.

The first connects the Hong Kong and Shenzhen airports and the second runs between Qianhai and Yuen Long. The third runs between Tuen Mun and Tung Chung.

It was shelved by the government in 2014 due to low demand and the high construction cost of more than HK$110 billion for just the Hong Kong section.

It was put on hold until 2031 at the earliest.

However, some web users and concern groups recently discovered that the infrastructure project appeared in a Greater Bay Area blueprint.

That triggered questions over whether the line would be revived.

The project was mentioned in a Greater Bay Area three-year plan announced by the Guangdong government in May, which stated that provincial authorities will "cooperate with Hong Kong in pushing the planning and construction of the Hong Kong-Shenzhen Western Express Line."

In response, a Transport and Housing Bureau spokesman said yesterday the government has been closely monitoring the development in Qianhai - a special economic zone in Shenzhen - and is keeping an eye on demand for additional cross-border transport channels.

"The government will jointly conduct studies and research with relevant mainland authorities to look into the feasibility of the railway, as well as its need, position and cost-effectiveness," he said.

"Such research is a long-term plan. There is no actual timetable or detailed plan for now. We will have to wait until research results come out to make considerations about development in the future."

Yeung Ha-chi from the Liber Research Community said the Shenzhen government has listed the project in its 13th five-year plan back in 2015.

"We can see from here and there that the mainland government has not given up on the railway construction," he said.

More : http://www.thestandard.com.hk/sectio...=209513&sid=11
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Old July 11th, 2019, 01:59 PM   #2474
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41 King Yip Street | Kwun Tong

Project planning application: https://www.info.gov.hk/tpb/en/plan_...P7L8XsUY7s3OMY

Project facts
  • Height: 32 storeys | 126mPD
  • Site cost: HK$1.6 billion (US$204 million)

Stumbled upon the planning application for this mid-rise project by the King Yip Street nullah (a.k.a. Tsui Ping River) earlier today; if it looks anything like its renders, it will be an excellent addition to the Kwun Tong and East Kowloon skyline.

Images below are from various planning documents (the first first and fourth images are from a more recent planning document and feature a redesigned corner set-back no street level):







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Old July 11th, 2019, 09:03 PM   #2475
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Quote:
Originally Posted by jchk View Post
Former Murray Road Car Park Site | Central

Project summary: https://www.dezeen.com/2018/05/31/za...-architecture/

Project facts
  • Design: Zaha Hadid Architects
  • Developer: Henderson Land Development
  • Height: 35 storeys | 190m AOD
  • Site cost: HK$23.3 billion (£2.2 billion)
  • Projected completion: Q3 2022

Some recent photos of the site by Gaoloumi user PAFC, featuring some rather exciting bits of steel:





Rendering?
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Old July 12th, 2019, 01:04 AM   #2476
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Quote:
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Rendering?
As is unfortunately the case with many projects in HK, no renders of this, or indeed of the redevelopment of Hutchison House across the road, are available to the public.
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Old July 12th, 2019, 03:00 AM   #2477
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Quite a lot of construction along that small quadrant of Central lately.
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Old July 13th, 2019, 05:13 PM   #2478
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Bruce Lee’s former Hong Kong mansion to be torn down to make way for Chinese studies centre
Charitable trust that owns building says demolition necessary because deteriorating concrete would threaten future students
Kung fu legend’s home, called The Crane’s Nest, was spared by fans when billionaire philanthropist wanted to sell in 2008

South China Morning Post Excerpt
July 13, 2019

The owner of Bruce Lee’s former mansion will begin demolishing the kung fu legend’s old home in two weeks to make way for a Chinese studies centre, the Post learned on Friday.

The plan marks a departure for the charitable trust that owns the building at 41 Cumberland Road, Kowloon Tong, and had pledged to keep it intact and improve it.

Joey Lee Man-lung, vice-chairman of the management committee of Yu Panglin Charitable Trust, said structural problems had been discovered in the building that made maintaining it unfeasible. He said a colourful mosaic left by Bruce Lee would be kept on the wall outside the mansion – as would four window frames in the two-storey building.

The demolition and redevelopment of the mansion was expected to be finished by the end of next year. The Yu Panglin Charitable Trust was founded by billionaire philanthropist Yu Pang-lin who died in 2015.

Wong Yiu-keung, chairman of the Bruce Lee Club, had called for the building to be turned into a museum since 2008. He said on Friday he was disappointed the mansion would be torn down.

More : https://www.scmp.com/news/hong-kong/...-down-make-way
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Old July 16th, 2019, 05:32 PM   #2479
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Hong Kong protests fail to dampen demand for micro flats as T-Plus project in Tuen Mun sells nearly all available units
The development included a dozen units smaller than a parking space, all of which sold for HK$1.73 million (US$222,200)
By 9pm on Sunday, all but five of 344 units on sale at T-Plus had found buyers

July 14, 2019
South China Morning Post Excerpt

The allure of a property “bargain” in Hong Kong may be stronger than concerns about the recent social unrest that has rocked the city if sales of tiny, heavily discounted, flats at a major project in Tuen Mun today were anything to go by.

By 9pm on Sunday, 339 of the 344 units – worth over HK$1 billion (US$130 million) – on offer at T-Plus had been bought, making it the largest weekend property sale since the huge rallies against the government’s proposed extradition bill began last month. Sales are set to continue until 11pm and resume on Monday.

The project, jointly developed by Jiayuan International Group and Stan Group, included a dozen so-called micro flats with a price tag of HK$1.73 million (US$222,200), the cheapest new properties to come to market in the city in the last five years. Measuring just 128 square feet, the flats are smaller than a car parking space and are aimed at first-time buyers.

Their dinky size did not put people off; all 12 were snapped up on Sunday. The five unsold units were all larger, two-bedroom flats, agents said.
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Old July 17th, 2019, 09:27 AM   #2480
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Even Miss HK has to settle for a small flat, although she bought 3 : http://www.ejinsight.com/20190715-miss-hong-kong-buys-three-of-the-smallest-flats-in-the-city/
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