HEADLINE NEWS

SHANGHAI
Skytrain under planning in major Chinese cities
More than 7 cities, including Shanghai, Tianjin and Wenzhou are proposed

GUANGZHOU
Guangdong Science Center Phase 2 under planning
Phase 2 will cost an estimated investment of RMB600 million

MACAO
Nova Park offers 620 luxury units
Comprises three 41-storey residential towers at Taipa Central Park

HONG KONG
Kai Tak River to be improved
The total cost is $1.6 billion, expected to be completed in mid-2017

Kwun Tong zoning plan amended
To facilitate a public rental housing and community hall development

Tuen Mun sites rezoned
Involve the rezoning of sites from "Industrial" to Comprehensive Development Area

Construction of a third runway endorsed
Completion by 2023 at the forecast cost of HK$136 billion

Ap Lei Chau residential site awarded for more than HK$2.5 billion
The 3,050-sq m Ap Lei Chau site has a maximum GFA of 21,350 sq m

Seminar to promote legal knowledge among construction professionals
Legal knowledge is important to construction professionals for enabling the proper discharge of their duties

Cavern development studies proposed
The move would release 28 hectares of land for housing and other uses

Cable works proposed
The installation of a 33.5km long optical fibre submarine cable

Kwun Tong land to be resumed
Redevelop the 21,754-sq m site for residential, public open space of not less than 2,760 sq m

More flats set for Sheung Shui
Involves 253 units, which will be completed next year

Property deals up 20%
Recorded 5,425 sale and purchase agreements for all building units

Airport to invest $2.2b in West Apron
Build 16 parking stands, the second phase will be completed by the end of 2014

2 tendered sites fetch $430m
Designated for non-industrial purposes and private residential purposes

Hong Kong West Drainage Tunnel won international award
Named Tunnelling Project of the Year at the International Tunnelling Awards

Rising construction costs in Hong Kong
Increase of almost 50% on last year for an average-quality project

Tenders awarded for Tin Shui Wai and Peng Chau sites
Awarded on a 50-year land grant at a total premium of HK$430.28 million

20 building plans approved in Jan
14 projects with 1,080 domestic units were given for work to start

2 residential sites in Repulse Bay and Tuen Mun to be sold
With site area of 4,340 sq m and 9,020 sq m respectively

EoI for Development of Site B of Peel Street/Graham Street Project
For residential and commercial purposes with the provision of public open space

16 pre-sale consents in processing
15 residential projects and one commercial development

Two URA projects launched
Redevelopment projects in Mong Kok and Ma Tau Kok

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