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  • November 29, 2014
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  1. $500m set to redevelop two sites in Kowloon

    Posted Jul 09th 2003, 12:00am by Chloe Lai

    ... Two new redevelopment projects which will cost the Urban Renewal Authority more than $500 million were unveiled yesterday, despite unfavourable market conditions. The authority's ... years old. For example, the authority has compensated owners affected by its Queen's Road East redevelopment project in Wan Chai at an average of $3,736 per square foot, while the market ...

  2. Housing Society faces $110m loss from project

    Posted Nov 30th 2003, 12:00am by Patsy Moy

    ... Patsy Moy The Housing Society says it is facing a $110 million loss from one of its redevelopment projects in a rundown urban district. Seventeen blocks about 40 years old in Shau Kei Wan ... frame for a redevelopment, he added. The Shau Kei Wan urban renewal project was one of seven redevelopment projects in a memorandum of understanding signed with the Urban Renewal Authority last ...

  3. Change to land charges can fight urban blight

    Posted Sep 24th 2003, 12:00am by Carrie Chan

    ... Institute says developers will rekindle interest in redevelopment of poorer areas if the profit is there Hong Kong should overhaul its 'inflexible' system of charging for land since it discourages redevelopment of urban blight, according to an action plan proposed by the Hong Kong Institute of Surveyors. The government should stop trying to capture the full rise ...

  4. West Kowloon bids draw fire

    Posted Oct 31st 2003, 12:00am by Staff Reporter

    ... Ernest Kong A disagreement between developers over the West Kowloon redevelopment project intensified yesterday after Cheung Kong (Holdings) said it supported the government's plan to award the venture to a single consortium. Small to medium-size developers, such as Hang Lung Group, have criticised the government for its redevelopment plan after Chief Secretary Donald Tsang ...

  5. $50m claims over seized shops denied

    Posted Oct 21st 2003, 12:00am by Staff Reporter

    ... Benjamin Wong Two elderly men seeking about $50 million each in compensation for losing their business premises in a redevelopment project lost a legal battle yesterday. They were ordered ... to repossess land for a redevelopment project. One of the men, Fung Hing, 75, demanded $58.7 million for his tyre repair shop in Fuk Wing Street, which measures about 200 sq ft. But the Urban Renewal ...

  6. Flat owners offered cash to move

    Posted Sep 27th 2003, 12:00am by Staff Reporter

    ... The Housing Society is offering a total of $280 million to lure 157 flat owners living in shabby buildings in Shamshuipo to move out and make way for a redevelopment project. The society ... is 2,436 square metres. The redevelopment would take six years and cost $720 million. Because of the uncertainty in the property market, the society has anticipated losing $150 million ...

  7. Without a trace

    Posted Jul 08th 2003, 12:00am by Mark O'Neill

    ... But not in communist China. Zheng Enchong, who has campaigned more than any other Shanghai lawyer for the rights of residents of redevelopment projects, was arrested by police on June 6 on suspicion ... Shanghai sells land and what are the rights of developers, residents and the city in redevelopment projects. Then the party's propaganda department ordered a ban on reporting the case ...

  8. New Territories business centre on government drawing board

    Posted Dec 22nd 2003, 12:00am by Chloe Lai

    ... Under the consolidated approach, the entire former Kai Tak airport site would be developed by 2020. As the conventional central business district would be the focus of development, redevelopment and urban renewal would preclude the development of new towns in the New Territories. Land for offices and businesses would largely rely on existing supply, redevelopment and conversion ...

  9. Landmark facelift to enhance revenue from retail rents

    Posted Nov 19th 2003, 12:00am by Sandy Li

    ... sq ft of office space in Central. The project includes a 114-room luxury hotel, an expansion of the retail podium by 15 per cent to 250,000 sq ft and the redevelopment of Landmark East Tower ... Central as the heart of Hong Kong and the best high-end shopping destination,' Mr Sallnow-Smith said. Hongkong Land had committed less than US$50 million to the redevelopment, he said. ...

  10. Policy on land use impeding urban renewal

    Posted Sep 29th 2003, 12:00am by Jake Van Der Kamp

    ... redevelopment of moribund property to more lucrative uses than permitted in the existing leases. The Lands Department's policy is to charge a premium equivalent to the increase in value from all such changes in lease terms. It leaves a little extra on the table for developers as they would otherwise never redevelop anything and sometimes that little extra is a big extra. Developers tend ...




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