90/10/23

16:40

BRITISH EMBASSY TOKYO

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HM

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drawn up for other districts like in Wanchai, Mongkok etc.

(SCKE 89/11)

Realty Development Corp., a subsidiary of the Wharf

group, nas bid successfully for a residential site in Yau Yat Chuan at 81.065 billion. (Total development cost $2 billion)

A group of 6.E. Asian investors ara planning to develop a $1 billion luxury residential project in Sai Kung similar

(HK Standard 90/1)

the Marina Cove,

Henderson Land is planning e multi-billion dollar town centre project at Ma On Shan.

(HR Standard 90/4)

Swire Properties is proceeding with its 42-storey twin-tower residential project

the Ohel Leah Synagogue site in Robinson Road

IS HP A0

** Chinachem

**

group is developing 2 large residential projects in Fanling and Sheung Shui at over HKS400 million.

HY Standard 50/5)

New World Development plans to construct 3 $300 million underground shopping arcade in Tsim Sha Tsui,

:

Гарапезе developer Kowa Bussan has purchased the basement and

ground floor of the Bank of America Building

for $268 million to build a high-quality shopping centre.

(HK Standard 93.0!

Chyau FHU is planning to develop an underground shopping and leisure centre beneath the Victoria Park in Cauaoway Bay

timated cost $2 billion).

(SCMP B9/12)

Approval is reportedly given for HK & Shanghai Hotels'

plan to develop an underground shopping arcade in Tsim Sha Tsui for about $500 million.

(HK Standard 90/4)

GTM International of France has been awarded! contract ** construct the first underground carpark in Admiralty. Completion

expected in mid-1992 and COOL over $100 million.

(HK Economic Times 90/5)

** HK

China Gas Co. plans to develop a 26-storey regional headquarters on HK Island. Construction is expected to take about 7 years.

(SCMF 90/4/

site

in

Japanese trading fizm Niasho Iwai has purchased Shatin for $122 million and plans to construct a godown for own use. (Total cost $400 million)

{5CMF 8G/12)

The

government is planning to spend about $380 million to build a "technology centre" at Kowloon Tong.

11

5

(HK Economic Times $70)

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