Lei Tung Street - Cultural Heritage Site? - SkyscraperCity
 

forums map | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > Asian Skyscraper Forums > East Asia > Hong Kong (香港) & Macau (澳門) Forums > Architecture & Heritage


Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old July 11th, 2005, 02:08 AM   #1
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Lei Tung Street - Cultural Heritage Site?

A community fights for its soul
Chester Yung, Hong Kong
July 11, 2005


Up to the end of June, more than 85 percent of the 647 affected homeowners on Lee Tung Street had agreed to accept compensation offers of HK$4,079 per square foot. CHESTER YUNG

It is ironic that while, on the one hand, the government is pushing to build a mega cultural hub on 40 hectares of reclaimed land in West Kowloon, it is, on the other, preparing to tear down what has become a cultural heritage of tens of thousands of people, a community worker said Sunday.

Sin Wai-fong was referring to the Urban Renewal Authority's latest project in Wan Chai for which the government is prepared to tear apart Lee Tung Street - better known as "Wedding Card Street."

According to long-time resident Ng Kam-chiu, the street was the original home of Hong Kong's publishing industry.

"Wan Chai is one of the oldest districts and Lee Tung Street is where the publishing business in Hong Kong began," the 58-year-old said.

Over the past 30 years, tens of thousands of couples had visited the shops there to order their wedding cards, name cards and Chinese traditional calendars.

However, this landmark is destined for the wrecker's ball. In 2003 the URA announced it would spend HK$3.58 billion to redevelop Lee Tung and McGregor streets, an area covering 8,900 square meters - the largest and most expensive project the authority has undertaken.

According to an authority spokesman, up to the end of June, more than 85 percent of the 647 affected homeowners on Lee Tung Street had agreed to accept compensation offers of HK$4,079 per square foot. The purchase of the land is expected to be completed early next year.

In a bid to conserve the historical uniqueness of Lee Tung Street, some residents formed the "H15 Concern Group" in 2002, using the "H15" marking in the renewal map.

Sin is one of those involved in the group.

After two years of preparation, the group in February proposed a "people-oriented redevelopment plan" to the Town Planning Board.

Although it was turned down because, the board said, it failed to include a transport and environmental assessment, the group did not give up. It raised about HK$150,000 to prepare an improved version of the plan which was submitted to the board last month and is due to be reviewed July 22.

"We hope the Town Planning Board will listen to us this time. Although we're not planning experts, we know our community's needs," Ng said.

Apart from a couple of protests against the renewal plan, the concern group had organized weekly meetings to discuss the issue and held 60 conferences and 12 residents' workshops with up to 300 attending each time. It also has its own Web site to publicize discussions about the renewal plan.

Cultural affairs commentator Leung Man-to said the group represented an unprecedented and genuine people's movement.

The purpose of making this "unprecedented" proposal, according to Ng, is to keep Lee Tung Street as it is without having to justify its existence in market economy terms.

"In the good old days, we were one happy family and we chatted and laughed among ourselves. Now we are being split up and sent to different parts of Hong Kong," Ng said. "It's so sad to see our unique publishing industry being torn to pieces."

The URA official Web site says the renewal strategy includes a "people-centered" approach.

It also stresses the authority should preserve buildings, sites and structures of historical, cultural or architectural interest, and the social networks of the local community. However, Ng says this is just an "empty claim."

"What they [the URA] have said is different from what they have done as they are more concerned about money than people," Ng said. "They're not practicing a people-oriented approach but a money-oriented one."

Responding to the criticism, a URA spokesman said the authority will consider any "feasible possibility." "We'll look at their ideas alongside those of the winners of the 2004 URA development concept competition."

The five winning architectural and planning firms are Development Professionals Limited, MCAA Limited, Philip Liao & Partner Limited, Urban Design & Planning Consultants Limited and WMKY Limited.

Christopher Law, a leading architect specializing in urban planning, said it takes years to cultivate a cultural heritage.

"It's very dangerous as Hong Kong will lose its identity if its cultural heritage is destroyed. The current renewal project on Lee Tung Street is breaking down the community network as well as the economic network," Law said.

Sin added that the renewal project will also break down the "soul" of a community.

"The residents don't need any huge malls in Wan Chai as both Times Square [in Causeway Bay] and Pacific Place [in Admiralty] are nearby. The residents prefer the community's character to be preserved." Sin said.

Echoing Sin's views, Wan Chai District Council member Bonson Lee said: "The dynamic character of Hong Kong lies in its diversity and tolerance. Wan Chai is a miniature of Hong Kong. The standardized shopping malls and mega towers cannot replace the small and varied outlets which give Wan Chai its distinctive character."

Lee said the urban renewal plan should cater to the needs and the customs of local residents, otherwise no one will benefit.

One example of a poor renewal project is Wan Chai Market at the junction of Queen's Road East and Wan Chai Road. Since stall operators are not used to renewed design, many have refused to move in and a number of stalls on the upper floors remain empty, Lee said.

This case exposes the lack of understanding between the planners and the residents, Lee added.

"The renewal might turn into a process of eliminating our choices without sufficient consultation."
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old December 25th, 2007, 06:01 AM   #2
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Urban renewal chief chased by 'Wedding Card Street' protesters
25 December 2007
South China Morning Post



A meeting between the Urban Renewal Authority chairman and hunger strikers in Wan Chai's "Wedding Card Street" ended in chaos yesterday as demonstrators chased him and blocked his departure.

The meeting was arranged after a dozen protesters opposing plans to redevelop the area presented a petition to the authority's headquarters.

After exchanging views with a hunger striker, Barry Cheung Chun-yuen was surrounded by yelling protesters and had to be escorted to his car by police.

Some protesters climbed onto his car and others stood in front of it. He was able to leave only after police ordered the protesters to calm down and issued a verbal warning.

Mr Cheung remained adamant the development of the Lee Tung Street area - known as Wedding Card Street because of the shops it once housed - had to proceed.

H15 Concern Group, which launched a protest on Sunday, said Mr Cheung would pay a high price and hinted at a judicial review.

The action began after group member May Yip Mee-yung found that demolition of tenement buildings had begun last week, three weeks before a meeting of the Town Planning Board was due to consider a proposal from the group.

The proposal calls for retention of 30 tenement buildings, reducing the height of four proposed high-rises by five storeys and scrapping an underground car park.

Citing the high restoration cost, the authority decided to demolish most of the buildings and build new ones. It also promised an area for a social enterprise with the theme "Wedding City". Responding to shop owners' worries that rents in Wedding City would be too high, an authority spokesman said it was considering a short rent-exemption period if they moved back.

Wan Chai District Council chairwoman Ada Wong Ying-kay said it would be regrettable if the street was not saved, as the Blue House and Wan Chai Market were to be.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old December 27th, 2007, 03:41 AM   #3
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Residents reject 'Wedding City', partial preservation of market
24 December 2007
South China Morning Post

A representative group of residents rejected the government's idea of partly preserving the Wan Chai Market and changing "Wedding Card Street" into a themed "Wedding City".

Wan Chai District Council commissioned a group in 2005 to collect opinions from stall owners and residents, with 2,000 opinions collected from the open forums, focus group meeting and interviews.

District council chairwoman Ada Wong Ying-kay criticised the government's recently unveiled blueprint for Wan Chai development as an incomplete plan that had separate projects for Lee Tung Street (Wedding Card Street), the Wan Chai Market and the 80-year-old Blue House.

But she appreciated the plan for the Blue House, one of the last surviving balconied tenements, where residents will be allowed to move back in after renovations.

Ms Wong had reservations about plans for the Wan Chai Market to be developed into a 46-storey residential building and Lee Tung Street becoming a commercial Wedding City.

One of the group's members, Roy Tam Hoi-pong, also said the high-rise building proposed for the Bauhaus-style market was unsuitable.

"Now the proposal is just a partial preservation of the Wan Chai Market," said Mr Tam, president of environmental group Green Sense. "But Wan Chai Market is a special building that should be wholly preserved."

The group suggested the government trade the piece of land opposite the market for the construction of the 46-storey building.

The market, which is now owned by developer Chinese Estates Holdings, will be turned into a shopping centre and a residential building.

May Yip Mee-yung, of H15 Concern Group, which comprises former Lee Tung Street residents and business operators, said she could not move to the proposed Wedding City.

She said most of the street's operators could not afford the rents for the new development. The group hoped that the new developer for Lee Tung Street would offer discounted rent to residents and operators so the "community" in the street would not be separated.

A group member, associate professor of Baptist University geography department Tang Wing-shing, said the biggest flaw of the government's plan was its disregard of the Wan Chai community.

He said residents were just numbers to government planners, but they had forgotten that residents were the most important factor for the community, which was what heritage conservation should preserve.

Meanwhile, Ms Yip has started a hunger strike at Lee Tung Street to protest against the Urban Renewal Authority's plan to demolish the buildings in Wedding Card Street.

Ms Yip started her hunger strike at 4pm yesterday and planned to end her action only if the authority changed its plan to transform the street into a Wedding City. She also demanded a meeting with the authority's chairman, Barry Cheung Chun-yuen, as soon as possible.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old December 27th, 2007, 03:44 AM   #4
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Lee Tung protesters to step up action
Hong Kong Standard
Thursday, December 27, 2007

Activists yesterday vowed to do what they could to stop demolition work at Lee Tung Street, more popularly known known as Wedding Card Street.

The protesters, including a 59-year- old hunger-striker who has already gone three days without food, called for an immediate halt to the demolition.

They called on the government to meet them and discuss redevelopment alternatives.

Bundled up in a cotton-padded quilt and donning a yellow headband and facemask, May Yip Mee-yung from the H15 Concern Group rested against a building as speakers at a nearby forum supported her action.

After three days of drinking only water with saline solution, Yip appeared feeble and barely able to move.

Yip said the chief executive should get a hold on the Urban renewal authority which has been acting like an "uncontrollable monkey."

Yip began her strike on December 23 after bulldozers moved in to raze the 30 tenement buildings, three weeks before the Town Planning Board was scheduled to discuss the group's alternative plan.

The group, comprised mainly of former residents and shop owners, said they would use all means to stop the demolition.

They said they would not rule out a legal challenge.

One member, Kam Fok Lai-ching, who said her friend's life was now at stake, called for an open discussion with government officials.

She was upset at the comment of URA chairman Barry Cheung Chun- yuen who called Yip's action "non- constructive" during a visit to the site on Christmas Eve.

"It was an unfair comment, especially coming from someone in a high position," Kam said.

At yesterday's forum, activists said the authority's decision to erase the buildings before an alternative plan could be tabled was similar to the demolition of the Star Ferry pier several years ago.

Meanwhile, lawmaker Fernando Cheung Chiu-hung pleaded with Yip to end her hunger strike.

Fernando said Yip, for all her stunts, had already caught the public's attention.

He also called on the government to further discuss the matter and to review the city's redevelopment policy.

With the help of planners and architects, the group's amended plan is similar to the authority's which calls for the retention and renovation of existing tenement buildings.

The four proposed residential towers, however, will be lowered by five stories and the basement parking plan scrapped.

Despite repeated requests, the authority has so far declined to discuss this plan.

Instead, on December 20, it announced its plan to turn the street into a "Wedding City."
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old December 28th, 2007, 05:54 PM   #5
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Hunger strike fails to save street
Hong Kong Standard
Friday, December 28, 2007



All hopes have faded for a 59-year-old hunger striker's bid to save Wan Chai's Lee Tung Street, nicknamed Wedding Card Street.

Four days into her hunger strike, May Yip Mee-yung fainted and was hospitalized yesterday.

Health apart, her last flicker of hope for the street was dashed by the development chief Lam Cheng Yuet-ngor who confirmed redevelopment of the area will continue as planned.

The day began with Yip, accompanied by members of the H15 Concern Group, sitting outside the government offices in Central at 8am, hoping to meet with Lam.

Yam arrived at about 8.30am and, taking Yip by the hand, asked her to stop the strike and take care of her health.

Yip, a former shop owner in the street, told reporters that Lam left her no choice.

"She has forced me to a dead end. I'll go to hospital only if she vows to change her ways," she said.

"I wish they can keep Lee Tung Street," she added.

Weakened by hunger, Yip fainted around noon and was given a glucose injection before being taken to Queen Mary Hospital but not without wailing non-stop: "I don't want to go!"

The group later said Yip is in good condition on a saline drip, but she vowed to continue her hunger strike.

Yip began the hunger strike on December 23 when she found that workers had started to tear down the tenement buildings on the street despite the Town PLanning Board's schedule to discuss the group's alternative plan in two weeks time.

The development chief said the buildings were not worth keeping and had little historic value.

She said stopping the plan would jeopardize the city's future planning.

"If the Town Planning Board stops any project because someone has filed a counter-proposal, then Hong Kong would have difficulty in its planning projects," Lam said.

The authority's plan, which was announced on December 20, will turn the street into a Wedding City shopping arcade.

Lawmaker Fernando Cheung Chiu- hung said he and others involved will try to meet with Lam and the authority to discuss the possibility of salvaging the street

But he foresees an uphill battle. "After exhausting all options, May has to resort to a hunger strike to make herself heard.

"If it is not resolved, this will cast deep shadows over the authority's 200 redevelopment projects," Cheung said.

The group and activists held a candlelight vigil outside the government offices in support of Yip, called for the preservation of Wan Chai's community network and speedier people- based redevelopment. Some vowed to join Yip's hunger strike.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old December 29th, 2007, 06:10 PM   #6
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532



























Source : www.pbase.com/jonathanwg
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old January 1st, 2008, 09:46 AM   #7
_00_deathscar
Registered User
 
Join Date: Mar 2005
Location: Hong Kong
Posts: 5,049
Likes (Received): 222

Do news broadcasters/reporters have to use the exact phrase "Lei Tung Street, also known as Wedding Card Street..." every single time they mention possible developments in the area? There's something about the continuous use of this phrase that tempers with my nerve.
_00_deathscar no está en línea   Reply With Quote
Old January 3rd, 2008, 07:30 PM   #8
EricIsHim
Registered User
 
Join Date: Jun 2003
Location: Hong Kong
Posts: 4,401
Likes (Received): 32

Quote:
Originally Posted by _00_deathscar View Post
Do news broadcasters/reporters have to use the exact phrase "Lei Tung Street, also known as Wedding Card Street..." every single time they mention possible developments in the area? There's something about the continuous use of this phrase that tempers with my nerve.
If it's an article, I do think you need to.
But it may not be necessary if it's on local TV or radio broadcast.
__________________
EricIsHim
My PhotoBucket
EricIsHim no está en línea   Reply With Quote
Old January 6th, 2008, 04:03 PM   #9
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Local TV news reporting use both.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old January 6th, 2008, 07:13 PM   #10
_00_deathscar
Registered User
 
Join Date: Mar 2005
Location: Hong Kong
Posts: 5,049
Likes (Received): 222

Quote:
Originally Posted by EricIsHim View Post
If it's an article, I do think you need to.
But it may not be necessary if it's on local TV or radio broadcast.
I've realised what it is now - it's not just the phrase, it's the news reporter using the phrase. I watch ATV, and the woman with the most annoying voice, tone and accent always seems to get the whole "Lei Tung Street, also known as Wedding Card Street" assignment. It's almost as if that's all she exists for.
_00_deathscar no está en línea   Reply With Quote
Old January 7th, 2008, 01:42 PM   #11
_00_deathscar
Registered User
 
Join Date: Mar 2005
Location: Hong Kong
Posts: 5,049
Likes (Received): 222

Watching ATV News now, and it seems the Lei Tung Street debacle isn't the only thing about her that gets on my nerves - it's her in general.

Her name is An(n?) Choi.
_00_deathscar no está en línea   Reply With Quote
Old January 12th, 2008, 05:41 AM   #12
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Bid to save tenement buildings rejected
10 January 2008
South China Morning Post

The Planning Department rejected a proposal to keep the tenement buildings in "Wedding Card Street" yesterday because it failed to include a detailed structural assessment of the buildings.

Because the Urban Renewal Authority is the sole owner of the Wan Chai redevelopment site's private land, the chances that the proposal submitted by the H15 Concern Group will be implemented are doubtful.

The H15 Concern Group - which comprises Lee Tung Street's former business operators and residents - is seeking to retain the 35 tenement buildings and scrap a proposed underground car park. The authority's plan would knock down all but three buildings, which would remain as an acknowledgement of their pre-war architecture.

In a paper submitted to the Town Planning Board, the Planning Department said the group's proposal had failed to submit an assessment to demonstrate the structural adequacy of the tenement buildings.

"In the previous report findings of the URA scheme, structural inadequacies and poor conditions have been identified in the existing buildings along Lee Tung Street," the Planning Department's reply said.

The department also said an assessment on the potential impact of traffic should be conducted to support the request to scrap the proposed underground car park.

"No information on road improvement works is provided [in the application]," the reply said. "Further assessments on the pedestrian flow generated by the proposed development and its impact on adjacent roads, the traffic improvement measures and road improvement works required should be provided."

Town planner Kenneth To Lap-kei, who devised the plan for H15 Concern Group, said conducting the assessments required by different government departments was too costly.

"Each of the assessments can cost several hundred thousand dollars. We don't have that money," he said.

The Town Planning Board will discuss the matter tomorrow.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old March 15th, 2008, 07:53 PM   #13
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

利東街建隧道連地鐵
13/03/2008


【本報訊】灣仔人多車擠,行人過路經常險象環生,市區重建局擬重建灣仔利東街時,改善皇后大道東至灣仔地鐵站的行人網絡,該局最近委託顧問研究在區內加建行人隧道,連接利東街至灣仔地鐵站,有關隧道由設計至完工預計需時四年。

市建局計劃在莊士敦道地下興建行人隧道,連接利東街重建項目大廈及灣仔地鐵站。顧問初步訂出三個路線,包括東、南及西路線,不過,由於東路線設計過長,而南路線則極窄,均不便行人使用,因此市建局屬意採用路線最短的西路線,由於該路線須穿過修頓球場的地底,該球場的一個籃球場在施工期間須停用,兒童遊樂場也可能受影響,但市建局會盡量採用明挖回填法進行工程,減少對地面設施的影響,並採用曲尺的路線避免影響樹木。

有關行人隧道的施工期約二十二個月,期間區內會實施臨時交通管理措施,維持莊士敦道與電車軌道的交通運作,有關行人隧道建成後會交由港鐵管理。
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old July 14th, 2008, 05:09 AM   #14
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Wedding Card Street in line for $100m MTR exit
Hong Kong Standard
Monday, July 14, 2008





An extra MTR exit costing HK$100 million will be built in Wan Chai's Lee Tung Street to provide access to Wedding City arcade, Urban Renewal Authority chief executive Quinn Law Yee-kwan said.

Law told The Standard the authority and the MTR Corp have discussed building a tunnel near the Southorn Playground area in Johnston Road for a new exit at Lee Tung Street, also known as Wedding Card Street. It will take three to four years to build.

Since the tunnel will be short, no shops are planned. The exact location of the exit is still unknown but it will be near Lee Tung Street. Law does not foresee any technical problems in building the tunnel and exit.

The authority will revitalize the Lee Tung Street-McGregor Street area, envisaging about 100,000 square feet for commercial use and 40,000 sq ft for the wedding arcade, as well as about 100 parking spaces. Law said pedestrians from Queen's Road East will pass through Wedding Card Street for the shortest route to the MTR.

The project will invite bidders in the first quarter of next year. It is believed Hopewell, which has its headquarters on Queen's Road East, and Swire, which has offices at Pacific Place in Admiralty, may be interested in the project that is expected to be completed in 2011.

The authority has completed some projects in the area, such as the Pawn Shop and JResidence, which now carries a price tag of about HK$7,000 per sq ft.

Meanwhile, Law insisted the landmark building at the Kwun Tong Town Centr
e Project will still be 280 meters high, even though the Town Planning Board has said the commercial-hotel building is too high.

Law said the building is not that high when compared to International Financial Centre 2, which stands at 300m, and International Commerce Centre at 400m.

Air flow, Law added, is not an issue because it will not be built along the coastal area.

As it is a landmark building, it has to be high enough to be seen even from Hong Kong Island, Law said.

He said most Kwun Tong District Council members supported the proposed height, with some even asking that it be made higher.

He added the Kwun Tong Town Centre Project, the authority's largest undertaking, will be developed in four phases over 12 years.

Law said the project, estimated to cost HK$30 billion, covers 570,000 sqft, affecting about 1,656 property interests and 5,000 people.

The authority, Law added, has a net asset value of HK$14.4 billion with HK$10 billion in cash.

"We are financially sound but we may need to spend HK$30 billion in the coming five years and may need to borrow from the banks," he said.

But the authority will not issue bonds under the current low interest rate environment.

The government in 2002 injected HK$10 billion into the authority.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old February 11th, 2009, 04:56 PM   #15
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

市建局:有待灣仔改道方案審理 利東街項目最快上半年推
5 February 2009
星島日報

市建局去年推出灣仔利東街項目邀請發展商提交意向書,惟至今仍未可以推出。據了解,市建局現正待行政會議,就灣仔改道的審理後才推出項目,暫時仍未有推出時間表,但估計有機會在上半年推出。

事實上,港島區地皮供應一向供不應求,加上近年灣仔區新盤均取得理想銷情,投資潛力大,令發展商致力爭奪港島區的大型地皮。去年九月,市建局就旗下灣仔利東街及麥加力歌街重建截收意向,當時發展商投標反應熱烈,長實、新地、恒基、新世界、信和、南豐、會德豐、嘉華、華置、九龍建業等共十五個發展商均投交意向。整個項目估計投資額逾六十億元。

投資額估計逾60億

惟及後金融海嘯,政府表示不會賤賣土地,此後至今港鐵及市建局未有再推出發展項目,而市建局早前招收了發展意向書的灣仔利東街項目,據了解,市建局方面現正有待行政會議完成灣仔廈門街改道的有關事項後才會推出項目,暫時仍未有推出的時間表,但估計有機會在上半年推出。至於年內其他發展項目的推出時間表,有關方面指,暫未落實本年推出的項目。其實,市建局早前因應公眾諮詢的意見,決定調整灣仔利東街項目的道路安排建議,當中利東街項目的泊車位會由原來建議的三百個,大幅減至一百九十八個,以及在廈門街停車場出口處加設警告訊號。而原先建議在廈門街設立的士站將會遷往地庫停車場,新方案亦將讓廈門街接通皇后大道東。

按諮詢調整道路安排

有業界人士指,由於本港主要商業重心地帶,正由中環向周邊延伸,預料日後毗連灣仔區亦會較現時得到較大發展潛力,連帶利東街的地皮價值亦會相應提高。現時灣仔區舊樓林立,在區內只有寥寥可數的新盤供應,若灣仔改道有關事宜落實後,將為區內帶來新面貌,發展潛力無限。業界估計,待灣仔重建項目住宅落成後,高層可遠眺維港海景,增加項目升值潛力,料將成為發展商爭相競投的目標。
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Old March 18th, 2009, 05:56 PM   #16
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 91,150
Likes (Received): 21532

Redevelopment of Wedding Card Street is on hold
11 March 2009
South China Morning Post

The hotly contested Wedding Card Street redevelopment has been put on hold because of the economic turmoil. Developers will be asked to reconsider their interest in co-developing the project, centred on Lee Tung Street in Wan Chai, by the Urban Renewal Authority.

"The economic environment has completely changed since developers were asked to express interest in the redevelopment project last August," a spokesman for the authority said yesterday. "It's not fair if we commence the tendering exercise now."

The authority has been pressing ahead with the project despite vehement protests from activists and residents against the destruction of the street, famed for its profusion of wedding card shops.

Developers were asked to express their interest in August last year and 15 submissions were received.

The authority had been expected to shortlist qualified companies and invite them to submit tenders for joint development.

But instead of starting the tendering exercise, the authority said yesterday that it would invite developers to express interest again.

"In view of the recent changes in the market environment, we deem it appropriate to invite interested parties to submit [expressions of interest] afresh for the project since the last exercise was done quite a while ago," the authority said.

The spokesman refused to speculate on the likely demand but said the authority still believed the project had redevelopment potential.

Surveyors said postponing the tendering exercise would ensure the project's profitability.

"If the authority presses ahead with the project, it might not be able to recover its huge redevelopment cost as the market is going down," said Raymond Chan Yuk-ming, chairman of the public and social affairs committee of the Hong Kong Institute of Surveyors.

Developers might not provide a good offer even if they were willing to participate in the tendering exercise, he said, adding that most developers were still assessing the trend of the property market.

The project, to cost more than HK$3.5 billion, is expected to offer 1,415 flats in a "wedding city" theme, with traditional wedding shops in preserved tenement buildings.

The managing director of Savills Valuation and Professional Services, Charles Chan Chiu-kwok, said the project still looked appealing to developers because of its urban location. He said flats in J Residence, another Wan Chai redevelopment project in the neighbourhood, had changed hands at reasonable market values in recent months.

Henderson Land Development and Sun Hung Kai Properties said they would have to study the details before making a decision. A Sino Land spokeswoman said it would announce its decision after making a submission to the authority.
__________________
World Photo Gallery recent updates - | Chicago | Los Angeles | Toronto | London | Buffalo | Yellowknife | Silk Road
More galleries - | Hong Kong | Pyongyang | Istanbul | Dubai | Shanghai | Mumbai | Queenstown, NZ | Bagan | Angkor Wat
hkskyline no está en línea   Reply With Quote
Sponsored Links
Advertisement
 


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Birmingham Development list bileduct Birmingham Metro Area 270 June 4th, 2009 02:43 AM
Liverpool Development Summary 2 JUXTAPOL Liverpool Metro Area 719 July 25th, 2008 06:21 PM
Spencer development sites - AGE & Power station Marky Mark Archives 524 April 16th, 2007 09:30 AM
London - Full Summary of Projects 9 wjfox London Metro Area 1002 November 24th, 2006 07:51 PM


All times are GMT +2. The time now is 06:08 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us