Page 12 - Building Journal - May 2017

project News

Chi Kok Road near Cheung Shun Street has a
site area of 4,171 sq m and is designated for
non-industrial purposes excluding residential,
godown and petrol station. The minimum
and maximum gross floor areas are 30,031
and 50,052 sq m.
Secretary for Development Eric Ma says
the Government is working to boost the
supply of Grade A offices in the Central
Business District. Speaking to the media
on May 17, he said the recent sale of a
commercial site on Murray Road at a record
price shows the strong market demand for
Grade A offices.
"I think most important, from the
Government side, is to continue our work on
land sales and land supply in the CBD area."
The works include the rezoning of
Queensway Plaza, developing Central
Development rights for West Harbourfront Site 3, and relocating the
government offices from Wan Chai to Tseung
Rail's Kam Sheung Road station Kwan O and west Kowloon, he added.
residential project awarded

MTR Corp announced Grand Ample, a 28 building plans
consortium formed by Sino Land, China approved in March
Overseas Land & Investment and K Wah
International, won the tender to develop The Buildings Department approved 28
phase one of West Rails Kam Sheung Road building plans in March - eight on Hong
station residential project in Yuen Long. Kong Island, seven in Kowloon and 13 in the
The three-partner consortium will pay New Territories.
an upfront lump sum payment of HK$8.33 Eleven were for apartment and apartment-
billion for the development rights. The site, commercial developments, six for
which could potentially provide a total commercial developments, four for factory
floor area of 1.24 million sq ft, will provide and industrial developments, and seven for
1,652 flats, of which 40%, or 661 units, community services developments.
will be smaller than 538 sq ft. The project is Consent was given for work to start on 13
scheduled for completion in 2025. building projects that will provide 214,004
According to local news sources, the sq m of gross floor area for domestic use,
HK$8.33 billion represents HK$6,735 per involving 3,777 units, and 159,773 sq m of
sq ft, about 7% higher than the previous gross floor area for non-domestic use.
tender in Yuen Long station two years ago. The department received notification of
In 2015, Sun Hung Kai Properties won the the start of work for 12 building projects. It
development rights at Yuen Long station, also issued 22 occupation permits - six on
now Yoho development, for HK$9.32 billion, Hong Kong Island, six in Kowloon and 10 in
or HK$6,275 per sq ft. the New Territories. The buildings certified
for occupation have 277,916 sq m of gross
New World Development floor area for domestic use, involving 4,181
units, and 94,282 sq m for non-domestic
clinched Cheung Sha Wan site use. The declared cost of new buildings
completed in March totalled $11.7 billion.
The Lands Department announced on May
10 that the tender for a non-industrial site in
Cheung Sha Wan has been awarded to Good Airport Authority announced
Sense Development, a subsidiary of New new Board Appointments
World Development, on a 50-year land grant
for $4.0288 billion. Airport Authority Hong Kong (AA)
New Kowloon Inland Lot No. 6582 on Lai announced on May 26 the Chief Executive

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