SHKP wins nod for green features in Kowloon Station development
Sun Hung Kai Properties (SHKP) and MTR Corp have secured Buildings Department approval to include 'green features' in a residential project at phase three of the Kowloon Station development site.
The revised plan would allow for four 58-storey apartment blocks, compared with two towers in the original blueprint.
An MTR official said the new design had two twin towers with four separate entrance lobbies and included 'green features' such as balconies.
The apartment blocks, which will have more than 1,000 units, will stand above four podium levels and two basement levels, and will provide about 1.07 million square feet in total floor area, including the clubhouse. The project is due for completion in 2004.
SHKP had already paid a premium of HK$2.8 billion, representing an accommodation value of about HK$2,200 per sq ft. The addition of balconies calls for an extra premium.
Separately, SHKP also received the approval to build a 29-storey commercial tower on 394 Kwun Tong Road, Kwun Tong, providing about 365,000 sq ft of office space.
The site, neighbouring its Millennium City, is expected to become an extension of the complex.
Meanwhile, Kadoorie Estate secured approval to build three three-storey houses, each over one carport level, on 72 Deep Water Bay Road, providing 22,600 sq ft.
The site was previously owned by former chairman of Siu-Fung Ceramics Siegfried Lee Siu-fung. Kadoorie Estate bought the site at HK$230 million, an accommodation value of more than HK$10,000 per sq ft from mortgagee HSBC. The new plan indicated that Kadoorie would demolish the newly built house Mr Lee had planned to live in, for three smaller houses.
Sino Land and K. Wah International won approval to build two 33-storey unit blocks with a clubhouse over four podium levels in Sham Tseng, providing about 176,400 sq ft. They bought the site for HK$240 million at an auction last year.
Far East Consortium will build 10 three-storey houses in Sai Kung, giving more than 12,000 sq ft, on a site it bought for HK$21 million last year.
