JARDINE'S LOOKOUT DEVELOPMENT
STAKHANG RD.
JARDINE'S LOOKOUT
DEVELOPMENT
BLUE POOL RD
View of the development from Stubbs Road.
The area of ground to the east of, building of houses by people who had ment of the area into building lots and above, Tai Hang Road known as the means to do so but for whom the took much longer than was at first Jardine's Lookout has been the scene acquisition of land was a difficult and anticipated and it was not until sever- of extensive development in the past laborious process.
al years later that the first house few years. 358,230 sq. ft. of land was
was erected at Jardine's Lookout. The
sold in 1948 by Government to The The original title of the company original scheme envisaged the forma- Home Building & Investment Society of Home Building & Investment So-
tion of thirty sites on which detached by private treaty at a cost of $1.00 ciety was given as it was visualised or semi-detached residences of Euro- per sq. ft. for development by the So- at that time that a Building Society pean type with garages and proper ciety for the benefit of its members would be formed on the lines of those outbuildings could be erected, and under restricted conditions which in Great Britain. However, it was when this number was completed, covered the sale of residential ground soon found to be impossible to carry provision was made for the acquisi- by private treaty.
on as planned owing to the difficulty tion of additional areas under the of obtaining capital at reasonable same conditions. The original thirty The Society was formed as a re- rates of interest. It was decided, sites were disposed of almost im- sult of the extreme shortage of hous- however, that the usefulness of the mediately but owing to the delay in ing facilities then in effect and the society would lie more in the assis- getting the site formation work com- difficulty of obtaining land ready for tance it could give to prospective pleted it was quite some time before building. The Company which is now builders in developing land at a rea- any further plans could be made for known as The Hong Kong Home sonable cost and it is on this basis development. At the present time the Building & Investment Company, that the Company has been working area has been extended to include Limited, was formed with the object since.
approximately another fifty sites and the disposing of the sites and the
of co-ordinating efforts to develop a
fairly large area of ground in as short Owing to difficulties encountered in construction of the buildings in the a time as possible so as to permit the the site formation work the develop- additional area is proceeding steadily.
View from Creasy Road.
View from the top of Henderson Rord
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