Taikoo Shing

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Entry posted by TowerDude · February 18, 2012

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100000000000 : Uh oh, here it is :uhm:

Samerton : Thanks!

Kakado_to_save : Thanks, Riiga did that pic!

TekindusT : This was a special, because geographically there is still a lot to do

escilnavia : Indeed, or maybe not, it would depend of who in HK you are

MamaLiugi945 : Thanks

111222333444 : In some districts it's not that different

NMUSpidey : History is always good

testuser1234 : Thank you!

Evillions : Thanks!

bosco912 : Thanks

Philadron : here it is https://www.simtropolis.com/forum/files/file/4466-tsim-sha-tsui-clock-tower/

Taikoo Shing[/size

The entire Taikoo Shing estate covers 3.5 hectares (8.5 acres), and consist of 61 residential towers, with a total of 12,698 apartment flats that ranges anywhere between 585 square feet (54.3 m2) to 1,237 square feet (114.9 m2).

The Taikoo Shing estate was once the site of Taikoo Dockyard, whose foundation stone now lies beside Cityplaza. The dockyard moved to United Dockyards at the west shore of the Tsing Yi Island in late 1970s, and Taikoo Shing was constructed over the site in stages, with constructions of all main residential buildings complete by the early 1990s.

As part of the business strategy, Swire Properties was established in 1972 immediately after the closing of the dockyard. Taikoo Shing became one of Hong Kong's first major private housing estates. Completing in 1986, Swire immediately became one of the largest property companies doing the construction themselves. The area was designed to maximise middle-class residential capacity.

Development of commercial areas still continues today. After the completion of Cityplaza 3 and 4 as office buildings, the original Cityplaza 1 was demolished in the mid-90s for redevelopment. As of 2007, the food market that was originally constructed was demolished to make room for a hotel.

More than 60,000 people live in Taikoo Shing, a moderately concentrated area by Hong Kong standards.

Apartment flats in Taikoo Shing are popular amongst buyers and speculators, and for a significant time in the 80's and 90's, Taikoo Shing's housing price is a general indicator of the of Hong Kong's housing market health in general. Although in recent years, newer housing developments have eroded a bit of Taikoo Shing's once prominent status.

The estate is also a very sought-after place to live for the Japanese and Korean expatriate communities in Hong Kong, most of which are staffed in multinational corporations based in Hong Kong. As a result of this significant Korean and Japanese settlement, the area has many Korean and Japanese-themed service establishments