Floor Area Ratio

Hong Kong's new disclosure rules on flats not enough

Sun Hung Kai Properties' Riva luxury units in Yuen Long. Photo: Sandy Li

There are few ways to guarantee profits in a free market. One is monopoly; another is asymmetric information. Our largest developers have, for a long time, enjoyed advantages in both. So a new law - which aims to protect buyers from dishonest practices and which takes effect at the end of April - is long overdue. 

Sunday, 31 March, 2013, 2:08am 2 comments

Comparisons can solve gross problem

Sun Hung Kai Properties' Riva development. Photo: May Tse

How strange it is to find myself agreeing with those vampire squids from the Real Estate Developers Association. REDA members have made the most outlandish profits by misleading and distorting the true sizes of flats people have bought over the decades, while the government looked on.

21 Mar 2013 - 2:50am 3 comments

Detailed planning parameters to be set out for each site

Land auctions will no longer be threatened by judicial reviews because detailed planning parameters will be set out for every site, the development chief said yesterday.

11 Jun 2015 - 4:33pm

Greens want new rules to avoid 'wall effect' at Aberdeen site

A group of green activists has demanded new restrictions be placed on the future development of an Aberdeen site to be auctioned today, in an attempt to curb a possible 'wall effect' blocking air flow in the area if high-rise buildings are allowed.

15 Oct 2007 - 12:00am

Development curbs are years away: planner

Areas facing intense development pressure, such as the waterfront, will be the first to face restrictions under a government plan to impose curbs, which, a top planning official said yesterday would take years and had to be done in secret.

27 Jun 2007 - 12:00am

New rules decree lower of two plot ratios

Developers attack calculation guidelines for adjoining sites

The Planning Department yesterday announced new guidelines for calculating the plot ratio of adjoining sites, forcing developers to adopt the lower of the two ratios.

30 Jun 2006 - 12:00am

More sites set to test developers' appetites

The Government has four more sites on this year's land disposal programme application list that can be used to develop hotels.

Apart from the 2.93-hectare waterfront commercial lot in the Hunghom reclamation area, another large tract of land, zoned for commercial-residential use, is in Oil Street, North Point.

15 May 2002 - 12:00am

Allowing owners to transfer plot ratios is seen as an effective way to protect history

Allowing the owners of heritage buildings to transfer plot ratios to other lots in the same district could help preserve history, according to planners and property experts, but some say there are restrictions in practice.

8 Nov 2000 - 12:00am

No question of uncertainty

I refer to the report which appeared in Property Post on June 16 headlined, 'Plot-ratio uncertainty clouds sale of Peak residential site', in which it was reported that developers are concerned about the alleged uncertainty over the gross floor area to be allowed in Rural Building Lot 1146, which is to be auctioned on June 29.

21 Jun 1999 - 12:00am

Plot-ratio uncertainty clouds sale of Peak residential site

Developers are concerned about uncertainty over the gross floor area to be allowed on a luxury residential site on The Peak which is to be auctioned at the end of this month.

They found there was a discrepancy in the plot ratios stipulated in the land lease and the planning restrictions for the site on offer at 1 & 3 Homestead Road.

16 Jun 1999 - 12:00am

Plot ratio wrangle threatens $1b project

A $1 billion plan to convert an ageing Tsuen Wan industrial building into a luxury hotel or commercial complex may be scrapped unless the Government offers more incentives to entice redevelopment of old industrial premises, developers say.

20 Jan 1997 - 12:00am

German Government sells Peak site

The Federal Republic of Germany is selling its prestige residential property in Hong Kong for at least $232.81 million.

At present, the site on Gough Hill Road, The Peak, is home to German consulate staff.

Under the plan, it will be used for a luxury residential house or a six-storey apartment block.

9 Oct 1996 - 12:00am

Deal for extra height on new Central project up in the air

WITH time fast running out, Central Development is still battling with Government over how high it will be allowed to redevelop its former Shell House and Hartlane House sites in Central.

Foundations are due to be completed within the next few weeks and the developer is eager to start work on building its proposed new office tower.

10 May 1995 - 12:00am