Musical chairs as tenants prove elusive Spare a thought for those agents given the task of finding tenants for the huge new supply of shop space coming on to the market in Tsim Sha Tsui in the next year or so. One of the landlords on the look-out for tenants is Chinese Estates Holdings, which is due to open its 29-storey 400,000 sq ft development called The One some time towards the middle of 2010. The project is set to become the tallest retail tower in Hong Kong though whether that is a selling point is debatable, as events have suggested. Chinese Estates had a four-member leasing team to run its search, but the entire team was replaced last week, Ah Pak heard, and as a result those prospective tenants who had begun talks with the old team now have to start all over again. But then, the game of musical chairs is not uncommon in the leasing market and Ah Pak recalled that as recently as April sales chief Peter Or left suddenly after adopting what the market believed was the wrong pricing strategy at the developer's residential project, i-Home, in Tai Kok Tsui. A through train too close to home Developers in Chongqing, which is known as a mountainous city, have learned to contend with the challenges of raising housing developments on the city's steep slopes. Occupants have had to deal with the challenges too, as Ah Pak saw during a recent visit. It seems that in the land-scarce city (right), finding a more or less level site means developers must build projects on top of a light rail track that now snakes its way through the residential blocks. Ah Pak watched with some apprehension as a train made its way through the sixth and seventh floors of three residential blocks in Chongqing and wondered how the developers had managed the increased costs of accommodating the track into their project design - and how occupants dealt with the noise. Evergrande gala grabs locals' attention Listing candidate Evergrande Real Estate Group launched its project, Evergrande Splendor, with suitably ceremonial fanfare at the weekend. Among those invited by Evergrande to the launch of its development on the outskirts of 'mountainous city' Chongqing was a group of 60 media people from Hong Kong and the mainland. The grand affair included a spectacle in the skies above the project of two parachutists circling the site. On their parachutes as they winged their way above the ceremony was the message: 'Evergrande Splendor releasing for sale'. Back on terra firma, meanwhile, the suitably impressed media contingent was entertained by movie stars, drum dancers and gymnasts. All that activity did not go unnoticed among people living in the neighbourhood, who couldn't resist the temptation to join the party - with or without formal invitations, noticed Ah Pak. Indeed, one enthusiastic housewife awoken by all the noise clearly did not want to miss out on the Evergrande party and rushed to the scene in her pyjamas (left).