90:10 23

16:39

BRITISH EMBASSY TOKYO

10

The Cheung Kong group announced A

of local projects cost $40 billion) over the next 3 years, including:

Development of new container terminal;

(2)

X77131

HK Electric's investment of over $10 billion; (3) Residential development projects in Tin Shui Wai (jointly with China Resources), Cha Kwo Ling, and Lam Tin (with Kumagai Gumi and CITIC);

(4) Development of a $4 billion residential complex in Lei Chau.

The

Ewire group

Swire

As

(RCMP 90/11

A

at

developing the Pacific Place Queensway, comprising hotels, offica and commercia complexes.

Also building 8 twin-tower office complex in Taikoo Shing, at cost $800 million and due for completion in 1992.

(SOMP 89/11)

SHK and Sino Land paid a record $3.35 billion for a R Prime Wanchai site opposite the HKCEC to develop a 73-storey office tower project.

(SCM) 19/1)

A consortium including Great Eagle, Sung Foo Kes, Wing Tai Exporters, Manhattan Garmante, Citicorp and Singapore-based Robert Kwok group has won the tender for a prime Central site in Garden Road next to the Bank of China Building at $2.7 billion

massive commercial project comprising

(Total investment $5.5 (HR Economic Journal 89/7; 89/12)

billion)

two

to

develop office towers.

SHK plans to build a twin-tower office complex in Kwai Chung at cost $950 million. The company is also building storey commercial building in North Point million.

30-

at Cost

6300

60/12

T:/93 JADE)

Amoy Properties of the Hang Lung group has won the tender for the 1.1 hectare Peak Mansion site at 9328 million to develop 2 comprehensive commercial complex scheduled for completion in mid-1992. (Total investment $1.2 billion)

Wharf Holdings is developing the Time Square, a $1.5 billion commercial complex at the old tramway depot in Causeway Bay due for complation in 1992.

(HK Standard 90/1)

f

The government is planning to redevelop Central Government Offices et cost $1.23 billion and due for completion in five years

The new office complex Will accommodate 2 General Post Office and other public government offices. (SCHP 90/5)

new

The Hutchison group plans to develop a project comprising 2 office buildings and a 700-room hotel in Hung Hom near the Whampoa Garden. (Total investment $1.4 billion)

c imes

KCRC plans to develop a 910-room hotel and office/dommercial project atop the Mong Kok railway station. (HK Standard 90/2)

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