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  • November 27, 2014
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  1. URA mulls rules to ban private sale of its redevelopment projects

    Posted Mar 31st 2010, 12:00am by Olga Wong

    ... Olga Wong The Urban Renewal Authority is considering tougher rules on future sales of the redevelopment projects it sponsors after accusations that it allowed a developer of a recent major ... partners. The authority had little control over the sales of these two projects because they were redeveloped under restrictive models, Cheung said. But no private sale has been arranged for other ...

  2. Former government quarters offer redevelopment potential

    Posted Feb 06th 2010, 12:00am by Yvonne Liu

    ... to acquire the whole project for redevelopment, or renovating the 46 units for resale. The total saleable area of the flats is about 125,626 square feet, with each averaging about 2,700 sq ft. ...

  3. Garley Building owner to sell redeveloped premises

    Posted Apr 06th 2005, 12:00am by Staff Reporter

    ... The company is redeveloping the building, which was heavily damaged in a tragic fire in 1996, into a 12-storey Ginza-style shopping mall. It was seeking about $1 billion, or about $9,000 per sqft, ... Despite strong redevelopment merit and keen interest from majority owner China Resources Enterprise, which owned about 68 per cent in undivided shares before the fire, the building went through ...

  4. Peak price sought for redeveloped Genesis homes

    Posted Apr 27th 2005, 12:00am by Staff Reporter

    ... million offer for the house during the property boom in 1997. The two houses on The Genesis site were built in a $100 million redevelopment project as Shimao China's core asset in Hong Kong. ...

  5. Profits vital factor in Hunghom decision

    Posted Dec 07th 2004, 12:00am by Denise Tsang, Gary Cheung

    ... yesterday that being able to earn bigger profits was a crucial factor in the decision to demolish the seven new housing blocks. Henry Cheng Kar-shun, chairman of NWS Holdings, said redeveloping ... with the government, the property price [in the district] was just $4,000 per square foot. It didn't make sense at that time to decide to demolish the estate for redevelopment,' he said after ...

  6. URA set to take planners to court

    Posted Sep 01st 2009, 12:00am by Olga Wong

    ... redevelopment. Although land registry records show that some bought their properties four years after the project was announced in 2003, the planning board said it was impressed by the owners' intention to preserve the old tenement buildings. It has asked the Planning Department to study the feasibility of excluding the properties from the redevelopment site. According to a person briefed ...

  7. Tung Ying joins the demolition queue

    Posted Jun 01st 2005, 12:00am by Staff Reporter

    ... the source said. 'The entire building is likely to be redeveloped, with retail space taking up a much higher proportion of gross floor area.' The planned demolition will be the latest in a series of key redevelopments that, combined with massive transport infrastructure enhancements, will radically change the architectural landscape of Hong Kong's premier shopping district. ...

  8. Developer 'threatened' by SoHo plan

    Posted Apr 12th 2005, 12:00am by Jonathan Li

    ... Jonathan Li Henderson Land tells court it stands to lose years of work if Housing Authority redevelopment scheme goes ahead The Urban Renewal Authority wielded a dagger over the head of a property developer in a dispute over the authority's redevelopment plan for the SoHo area, a court heard yesterday. Benjamin Yu SC said Henderson Land had been told to sacrifice its interest ...

  9. URA 'should hand job to developer after kick-start'

    Posted Dec 21st 2009, 12:00am by Olga Wong

    ... says, and should not be confused with the public consultation. Law suggests that by greatly restricting the role of the URA in redevelopments- in effect no longer making it a stakeholder in projects- the group will be more transparent. Currently, the authority selects an area to be redeveloped, decides on the amount of compensation owners will get, often partners with a developer, ...

  10. Campaign threatens plan for London wharf

    Posted Jul 13th 2005, 12:00am by James Tu

    ... Foster Wong Cheung Kong is caught up in a fight with residents over a proposal to redevelop a waterfront site into residential and commercial space Residents in southeast London have mounted a campaign against plans by Cheung Kong (Holdings) to redevelop a 16-hectare site at Convoys Wharf in Deptford into a mixed high-rise residential and commercial complex. The move threatens ...




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