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  • October 24, 2014
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  1. News - Hong Kong - DEVELOPMENT

    Time for Hong Kong government to get on its bike?

    Posted Oct 18th 2014, 03:55am by Ada Lee

    ... north-south route runs from the Elephant and Castle to King's Cross. It is estimated the two sections will cost £913 million (HK$11.3 billion). Both Hong Kong and London have some ...

  2. News - Hong Kong - DEVELOPMENT

    Land premium demand may sink URA's Central Market project

    Posted Oct 06th 2014, 05:31am by Olga Wong

    ... on the development. The premium the government will charge is unlikely to be a nominal sum, they say. The HK$500 million project, dubbed Urban Floating Oasis, aims to transform the 75-year-old Bauhaus ... Hing-woh reiterated concerns about the authority's financial sustainability, after it suffered a HK$3 billion loss running a demand-led redevelopment scheme. At least four board members told ...

  3. News - China - DEVELOPMENT

    As China's economy matures, it trades speed for build quality on big projects

    Posted Sep 21st 2014, 05:29am by STEPHEN CHEN

    ... with second-generation technology in 13 months at a cost of 100 billion yuan (HK$126 billion). Some had said the project, which began in 2008, was "mission impossible, even without sleep". Technology ...

  4. News - Hong Kong - DEVELOPMENT

    Loophole puts noodle shop at risk

    Posted Sep 11th 2014, 04:49am by FANNY FUNG

    ... the case to the tribunal. "We raised our offer from HK$20 million [in June] to some HK$24 million [last month] … But they asked for HK$60 million," he said. Yeung Yee-hing, one ... difficult to find a place to move to in the neighbourhood. Owners should only sell flats upstairs but not shops at the ground level," Yeung said. He admitted that the figure of HK$60 million ...

  5. News - Hong Kong - DEVELOPMENT

    Chuk Yuen villagers' delay bid could hit border project deadline

    Posted Sep 12th 2014, 02:42am by FANNY W. Y. FUNG

    ... recess. Watch: Villagers ousted to make way for new border crossing The two problems have led to doubts that the HK$24.5 billion checkpoint will open as scheduled in 2018. It is the latest ... villagers, 14 have opted to have houses built for them by the government, while 12 have accepted up to HK$2.3 million in compensation and the right to build their own home in the new village. ...

  6. News - Hong Kong - DEVELOPMENT

    Chuk Yuen border village balances on the edge of change

    Posted Sep 12th 2014, 03:38am by FANNY W. Y. FUNG

    ... borrow HK$6,000 to build this house," she said. "We worked so hard for it … It's so unfair … What's that HK$600,000 for?" The Lands Department told the South China ...

  7. News - Hong Kong - DEVELOPMENT

    URA's plan to revitalise old flats in To Kwa Wan falls through

    Posted Sep 09th 2014, 03:23am by Olga Wong

    ... site had asked to be paid HK$12,000 per square foot- about 20 per cent more than the authority's offer of HK$10,078. By the 5pm deadline yesterday, the holders of only 68 per cent ... demand-led redevelopment policy- projects initiated by owners but executed by the authority- which is said to have led to HK$3 billion in losses since it began in 2011. "The project's ...

  8. News - Hong Kong - DEVELOPMENT

    Lands officials not restricted from buying land, rule says amid conflict-of-interest row

    Posted Aug 09th 2014, 04:25am by Olga Wong, FANNY FUNG

    ... puts rules under the spotlight Senior lands officials are not allowed to buy stocks related to property development, but they can buy land as long as they declare it, a Lands Department ... to be tightened. "Buying land is a much bigger investment than buying stocks, so why are lands officials being stopped from buying stocks but not land," Wong asked. "The Lands Department ...

  9. News - Hong Kong - DEVELOPMENT

    Consortium of Sino Land, Chinese Estates Holdings wins deal to redevelop Kwun Tong

    Posted Sep 02nd 2014, 04:03am by Sandy Li

    ... for public facilities. In general, he said, the estimated land cost in Kwun Tong would be HK$5,500 per square foot. To generate interest, URA last month revised the terms of the proposed development by dropping the HK$8 billion entry fee. The new terms allowed the winning developer to propose how much it was prepared to pay for the entry fee plus profit-sharing. The Sino-Chinese Estates ...

  10. Property - Hong Kong & China - DEVELOPMENT

    More bidders for big Kwun Tong redevelopment after URA eases terms

    Posted Aug 26th 2014, 11:41pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Requirement for minimum HK$8 billion tender scrapped after earlier auction had to be aborted Easier terms see more bids for Kwun Tong URA site The Urban ... requirement for a minimum bid of HK$8 billion and revise other terms of the sale. Stewart Leung Chi-kin, chairman of Wheelock Properties, said: "We joined the tender with our partners because ...




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