Tankman - Yes, so Is this update
TekinusT - Thank you very very much
Balliam 12 - Thank you
Guibanz_: I am happy you did!
Tigeria : Itz a secret , Paulvmontford made a BAT of them here http://www.simtropolis.com/stex/details.cfm?id=22257
Samerton : Thank You
Hung Hom Peninsula
Land lease was granted to First Star Development, a joint-venture of New World Development and Wai Kee Holdings, at a tender price of HK$583 million. The land plot was sited for the construction of "Hunghom Peninsula". This was in compliance with the HKSAR Government's "Private Sector Participation Scheme" (PSPS), allowing private developers to build Home Ownership Scheme (HOS) flats conforming to certain specifications stipulated by the Government.
The towers are 40 floors high
Some info from economists and project devloppers
The flat sale price of $38,000/m2 net ($3,021 psf gross) was arrived at by comparison with transactions in Royal Peninsula, a nearby development with Occupation Permit (OP) issued in December 2000 and Phases 4 & 9 of Whampoa Gardens, the closest phases of that
development to Hung Hom Peninsula, with OPs of December 1987 and December 1988.
Royal Peninsula is a high quality development with luxurious finishes. Despite OP having been issued in December 2000, the developers were still selling units in the latter part of 2003 and the prices averaged about $52,700/m2 ($3,890 psf gross). Flats in Whampoa
Gardens (15 storeys over one storey of lobbies/shops) were fetching an average of about $32,000/m2 net ($2,620 psf gross).
Even with upgrading, the Hung Hom Peninsula flats would be well below the standard of the Royal Peninsula and although new, the
design is akin to that of the older Whampoa Gardens. Accordingly, a rate of $38,000/m2 for Hung Hom Peninsula was considered appropriate.
Tommorow I hope to at last to the Part 2 in the Wanchai District. "Until then take care!" Jeremy Clarkson
HONG KONG SPY MAP
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