DOCSLIB.ORG

Savills Prime Office Cost Index Q3 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Savills Prime Office Cost Index Q3 2017 Savills Prime Office Cost Index Q3 2017 International November 2017 The Savills Prime Office Cost (SPOC) Index presents a quarterly snapshot of occupancy costs for prime office space throughout the world, as TABLE 1. provided by our expert, local tenant representation professionals. Top 10 Prime Markets by Total Cost Total Occupancy Cost Global occupancy cost volatility increased during the third quarter of 2017 Rank City USD / USF as compared to a stable second quarter. Face rent increases drove up 1 Hong Kong $250.96 recorded costs in Paris, Frankfurt, Amsterdam, and Brussels as “post- 2 London (West End) $207.68 Brexit” requirements materialized and leases were executed by occupiers 3 Tokyo $190.17 in these markets. A stronger Euro also helped increase occupancy costs as recorded by our index. 4 Singapore $136.55 5 Paris $133.98 Asian markets were less volatile and showed no discernible uniformity 6 Shanghai $124.15 across the region. Tokyo, Singapore, and Seoul all recorded increases in 7 New York (Midtown) $106.50 occupancy costs as Mumbai and Shanghai recorded decreases. Overall, 8 Seoul $103.07 the impact of exchange rate volatility on recorded occupancy costs for the 9 San Francisco $102.19 region was relatively low as compared to prior quarters. 10 Mumbai $93.86 Across the Americas, a weaker dollar impacted recorded occupancy TABLE 2. expenses in Toronto while the US markets continued to trend in favor of Greatest Percentage Change (Y-O-Y) occupiers with the exception of San Francisco. Rank City Y-O-Y Change 1 Brussels +17.36% In the remainder of this issue, we focus on Hong Kong. The Hong Kong 2 Mexico City -15.30% market has consistently been ranked as the most expensive prime office 3 Amsterdam +9.16% market in the world for occupiers. Given the potential impact this market 4 Paris +8.68% has on our client’s global real estate expense structure, we asked our top 5 Frankfurt +8.65% Hong Kong tenant reps to discuss the market dynamics and explore what the future may hold for global occupiers in “Asia’s World City.” 2 Savills Prime Office Cost Index Q3 2017 VACANCY RATE MAJOR SUBMARKETS Hong Kong MARKET SIZE % Hong Kong Island SQ <4 2 Kowloon Market 124MFT Overview STANDARD LARGE OCCUPIERS LEASE TERM STANDARD LEASE TERM 2-3YR 6-9YR Note: Hong Kong Rent Map Face Rent + Maintenance + Taxes = Headline Occupancy Cost as referenced on page 4 Annual Face Rent (USD/USF) Example: Hong Kong Central – $213.48 (Face Rent) + $17.08 (Maintenance) +$8.54 (Tax) = $239.10 Kai Tak Tunnel NG KO O K LOON B M W A O Y K $83.93 $53.98 West Kowloon Hwy Nathan Rd West Kowloon Corridor Kwun Tong Rd Waterloo RdKOWLOON Kwun Tong Bypass UN TON KOWLOON W G K N S HONG KONG O T East Kowloon Corridor BAY LO AT IO G HO W UN M The Kai Tak Cruise $63.98 INTERNATIONAL O N H K HA S TS AIRPORT IM U Terminal $183.56 S I T $70.50 $87.44 Nathan Rd Canton Rd Cross Harbour Tunnel S TRE S H R IL Western Harbour Crossing O L F Eastern Harbour Crossing $87.22 H PO VICTORIA HARBOUR RT IN O T N Island Eastern Corridor naught Rd West Con $76.15 NG W EU A AN CHA H N MIRAL W I D TY d S Connaught Rd A R k ar RRY B P A A ia U Y $145.36 tor Q $180.61 $128.27 Vic ENTRAL C WA SE Y B $87.20 U A A Y HONG KONG $213.48 C Gloucester Rd $126.73 ISLAND 3 A Conversation with Savills Hong Kong & Tenant Rep Julian Milne Simon Smith Director, Tenant Rep Head of Research & Q A Consultancy Q: How do you see the market Q: How are corporates in HK faring in the What is strata title and how can it impact developing over the next 2-3 years? global war for talent? tenants? HK: There is limited development forecast HK: Hong Kong has very low levels of HK: Strata title enables individual landlords to on Hong Kong Island, so we expect rents on unemployment and attracts professional talent own either whole or part floors within a particular the island to hold if current levels of demand due to its position as a global financial centre building. The system has drawbacks for multi- remain constant. The main office development and its lifestyle benefits. The test within Hong national corporate occupiers: supply is occurring in Kowloon East, which will Kong is often to retain the talent within the • Landlords are often unknown entities, attract some Hong Kong Island tenants and company against competitors. In terms of new inexperienced, or ‘hands off’ managers relieve island markets. talent in emerging industries, Hong Kong has a • Individual floors are more likely to be sold burgeoning entrepreneurial and start-up scene to owner occupiers who will want to take Q: Where are the hotspots in the market that has been recognized by and will benefit back the space at lease expiry for their own and why? from the recent influx of co-working providers in occupation the city. • Expansion/Contraction involving neighboring HK: Quarry Bay continues to provide the most units or other floors can become complicated if attractive decentralized options on Hong Kong Q: Is there a particular submarket dealing with different landlords Island for tenants seeking quality and financially favoured by Millennials? • Upkeep of the building aesthetics and services competitive Grade A space. Swire’s Taikoo will often suffer over the long-term due to the Place portfolio has already demonstrated HK: Millennials have more recently favoured difficulty of achieving consensus amongst its ‘pulling power’ to attract tenants directly the fringe market of Central, in Sheung all owners. from Central, such as Freshfields and Alliance Wan. However, other areas have emerged in Bernstein. Wong Chuk Hang has also emerged Wanchai’s Queen’s Road East area, as well What is “bond connect” and how has it as a new Hong Kong Island sub-market as Cyberport. Accordingly, Sheung Wan has impacted the market? following the completion of the new MTR attracted co-working operators, however the train station and completion of numerous new spread and influx of co-working providers more HK: Bond Connect is a new bond market trading buildings and revitalization projects. generally is likely to also open up new hot spots scheme, using Hong Kong based infrastructure for millennial talent. linked to the mainland, allowing overseas and Q: What key infrastructure / Hong Kong investors to invest and buy debt in redevelopment projects should tenants Q: Which tenants have made the biggest China’s US$9.57 trillion bond market. Previously be aware of? impact in 2017? Why? this was a lengthy process, which limited foreign investors to holding only 1.3% of the market. HK: The Central-Wanchai Bypass underground HK: WeWork, Naked Hub and Spaces have Investment is expected to double over the link with the Island Eastern Corridor scheduled combined to make the biggest impact in 2017, next 5 years. China’s likely future inclusion in to complete in 2018 will improve the travel due to large, multiple acquisitions in a variety of global debt indexes would also ensure more time to Quarry Bay by road. Kowloon East is buildings and across most office submarkets. foreign investment. Bond Connect is the most currently the main area of focus for multiple recent initiative in China’s capital markets to new Grade A office developments and is How is the arrival of co-working / office develop more connectivity with foreign investors, forecast to remain active with the large scale suite providers impacting the market? complementing the recent cross-border share redevelopment of the old Kai Tak airport in to HK: Hong Kong was an early adopter of the co- trading schemes of the Shanghai-Hong Kong its own sub-market as a residential, commercial working trend with many small operators in the Stock Connect in 2014 and Shenzhen-Hong and entertainment district. market. Up until recently, their focus has been Kong Stock Connect in 2016. on small size operations in Grade B buildings. Q: Who are Hong Kong’s major However the recent influx of major providers Have recent political headlines regarding landlords? such as WeWork, Naked Hub and Spaces has Chinese rule made any impact? HK: Cheung Kong, Henderson, Hong Kong seen some interesting developments in the HK: The influence of Chinese authority in Land, Hysan, New World, Sino, Sun Hung, Kai market. Older style Grade B buildings suddenly Hong Kong’s politics is a continued source and Swire Properties. However, the influx of have more relevance and value if they can be of discussion and concern to many in Hong PRC investors has weakened the dominance leased in their entirety and branded by a co- Kong, as was demonstrated by the 2013 of traditional owners, particularly in new, working operator, new developments are seeing protests. However, there have been no major developing sub-markets. multi-floor acquisitions by co-working providers, repercussions despite the recent twentieth and traditional serviced office providers anniversary of the formal establishment of the are starting to feel challenged in their value Hong Kong Special Administrative Region. proposition and identity. 4 Savills Prime Office Cost Index Q3 2017 The SPOC Global Rankings 1 Hong Kong 2 London (West End) 0.0 % – 2 .1 % Quarterly highlights Headline Headline $239.10 $221.55 Occupancy Cost Occupancy Cost n Sentiment in London remains subdued, but the Amortised Cap Ex $23.72 Amortised Cap Ex $12.80 Credit Value of Credit Value of West End submarket just recorded its highest ever ($11.86) ($26.67) Abated Rent Abated Rent quarterly take up.
Load more

Recommended publications
  • T and Analysis of Walkability in Hong Kong
    Measurement and Analysis of Walkability in Hong Kong By: Michael Audi, Kathryn Byorkman, Alison Couture, Suzanne Najem ZRH006 Measurement and Analysis of Walkability in Hong Kong An Interactive Qualifying Project Report Submitted to the faculty of the Worcester Polytechnic Institute In partial fulfillment of the requirements for Degree of Bachelor of Science In cooperation with Designing Kong Hong, Ltd. and The Harbour Business Forum On March 4, 2010 Submitted by: Submitted to: Michael Audi Paul Zimmerman Kathryn Byorkman Margaret Brooke Alison Couture Dr. Sujata Govada Suzanne Najem Roger Nissim Professor Robert Kinicki Professor Zhikun Hou ii | P a g e Abstract Though Hong Kong’s Victoria Harbour is world-renowned, the harbor front districts are far from walkable. The WPI team surveyed 16 waterfront districts, four in-depth, assessing their walkability using a tool created by the research team and conducted preference surveys to understand the perceptions of Hong Kong pedestrians. Because pedestrians value the shortest, safest, least-crowded, and easiest to navigate routes, this study found that confusing routes, unsafe or indirect connections, and a lack of amenities detract from the walkability in Hong Kong. This report provides new data concerning the walkability in harbor front districts and a tool to measure it, along with recommendations for potential improvements. iii | P a g e Acknowledgements Our team would like to thank the many people that helped us over the course of this project. First, we would like to thank our sponsors Paul Zimmerman, Dr. Sujata Govada, Margaret Brooke, and Roger Nissim for their help and dedication throughout our project and for providing all of the resources and contacts that we required.
    [Show full text]
  • Rail Construction Commences
    Kowloon City Section Newsletter June 2012 Rail construction commences The Shatin to Central Link (SCL) project was first gazetted under the "Railways Ordinance" on 26 November 2010, followed with the first and second amendment schemes gazetted on 15 July and 11 November 2011 respectively. The Legislative Council’s Finance Committee approved funding for the SCL project in May 2012. Following the funding approval, the construction of the project commences. The Tai Wai to Hung Hom Section is expected to be completed in 2018 followed by the Hung Hom to Admiralty Section in 2020. Benefits Upon its completion, the SCL will provide a fast, reliable and convenient rail service to Kai Tak, To Kwa Wan, Ma Tau Wai and Ho Man Tin areas, which are not yet served by the network. Passengers from the Kowloon City district will be able to travel directly to destinations in New Territories East and West through the "East West Corridor" formed by the Ma On Shan Line, the Tai Wai to Hung Hom Section and the West Rail Line; while the Hung Hom to Admiralty Section will further link up the existing railway network. The Tai Wai new service will give passengers more options to Che Kung Temple reach their destinations and with more convenient interchanges, making it easier to travel around Hong Hin Kong Island, Kowloon and the New Territories. Keng Diamond Alignment 圭⨑戍 Hill Lai Chi Kok Kowloon Tong Wong Tai Sin ⶾᛚ The Kowloon City Section of the SCL will have four stations - Kai Tak, Lok Fu Cheung Sha Wan 䏹䒔ល To Kwa Wan, Ma Tau Wai and Ho Man Tin Stations.
    [Show full text]
  • NR700 Destinations: Shan King Estate – Hung Hom Station Routeing
    Residents’ Service Route No.: NR700 Destinations: Shan King Estate – Hung Hom Station Routeing (Shan King Estate – Hung Hom Station): via Shan King Estate access road, Ming Kum Road, Tsing Wun Road, Wong Chu Road, Tuen Mun Road, Tsuen Wan Road, Kwai Chung Road, Lai Chi Kok Road, Cheung Mou Street, Cheung Shun Street, Tai Nan West Street, Cheung Yee Street, Cheung Lai Street, Lai Chi Kok Road, Tung Chau Street, West Kowloon Corridor, Prince Edward Road West, Lai Chi Kok Road, Shanghai Street, Jordan Road, Canton Road, Salisbury Road, Chatham Road South and Cheong Wan Road. Stopping Places: Pick Up: 1. Shan King Estate access road Set Down: 1. Cheung Shun Street near its junction with outside King Lok House Cheung Lai Street 2. Shanghai Street near its junction with Fife Street 3. Jordan Road outside King George V Memorial Park 4. Canton Road outside House No. 74 5. Chatham Road South near Mody Road 6. Hung Hom Station, Public Vehicle Carpark Departure Time: Mondays to Fridays (except Public Holidays) Saturdays (except Public Holidays) 1. 7.30 a.m. 1. 7.40 a.m. 2. 7.45 a.m. 2. 8.00 a.m. 3. 8.00 a.m. 3. 8.20 a.m. 4. 8.15 a.m. 5. 8.30 a.m. Routeing (Kowloon Park Drive – Shan King Estate): via Kowloon Park Drive, Peking Road, Ashley Road, Middle Road, Kowloon Park Drive, Canton Road, Ferry Street, Waterloo Road, Reclamation Street, Argyle Street, Cherry Street, West Kowloon Corridor, Lai Chi Kok Road, Kwai Chung Road, Tsuen Wan Road, Tuen Mun Road, Tuen Hi Road, Tuen Mun Road, San Tak Street, San Wo Lane, Tuen Mun Heung Sze Wui Road, Choi Yee Bridge, Shek Pai Tau Road and Shan King Estate access road.
    [Show full text]
  • Final Report
    Transport and Housing Bureau The Government of the Hong Kong SAR FINAL REPORT Consultancy Services for Providing Expert Advice on Rationalising the Utilization of Road Harbour Crossings In Association with September 2010 CONSULTANCY SERVICES FOR PROVIDING EXPERT ADVICE ON RATIONALISING THE UTILISATION OF ROAD HARBOUR CROSSINGS FINAL REPORT September 2010 WILBUR SMITH ASSOCIATES LIMITED CONSULTANCY SERVICES FOR PROVIDING EXPERT ADVICE ON RATIONALISING THE UTILISATION OF ROAD HARBOUR CROSSINGS FINAL REPORT TABLE OF CONTENTS Chapter Title Page 1 BACKGROUND AND INTRODUCTION .......................................................................... 1-1 1.1 Background .................................................................................................................... 1-1 1.2 Introduction .................................................................................................................... 1-1 1.3 Report Structure ............................................................................................................. 1-3 2 STUDY METHODOLOGY .................................................................................................. 2-1 2.1 Overview of methodology ............................................................................................. 2-1 2.2 7-stage Study Methodology ........................................................................................... 2-2 3 IDENTIFICATION OF EXISTING PROBLEMS ............................................................. 3-1 3.1 Existing Problems
    [Show full text]
  • By Hong Kong Institute of Landscape Architects
    1 2 • In 1908, options for building Kowloon Station at Tsimshatsui were studied. • At that time, Salisbury Road was running directly to the pier. • Thesouthernsideof the site along Salisbury Road was a private lot. http://industrialhistoryhk.org/wp‐content/uploads/2015/12/Slide4‐500x375.jpg 3 • Land lots to the south of Salisbury Road were acquired to facilitate construction of the railway and the station. • Construction commenced in 1913 and completed in 1916. http://industrialhistoryhk.org/wp‐content/uploads/2015/12/Slide6‐500x375.jpg 4 • The section of Salisbury Road was widened upon completion of the station. http://industrialhistoryhk.org/wp‐content/uploads/2015/12/Slide10‐e1450087942643‐500x315.jpg 5 http://i.imgur.com/3Xe2U.jpg 6 https://gwulo.com/sites/gwulo.com/files/styles/extra‐ large__640x640_/public/thumbnails/image/1918%20Sanitary%20Department%20Water%20Cart.jpg?itok=usrClznb 7 http://www.seewide.com/upload/article/201603/1456819808191314562.jpg 8 https://gwulo.com/sites/gwulo.com/files/styles/extra‐large__640x640_/public/images/batgung‐moddsey‐ 1930s_kcr__ymca__pen.jpg?itok=R7RKw8yW 9 https://gwulo.com/sites/gwulo.com/files/styles/large/public/flickr/32907076701.jpg?itok=Wi0qxRa1 10 http://industrialhistoryhk.org/wp‐content/uploads/2015/12/Slide11‐e1450087999925‐500x443.jpg 11 • The Star Ferry Pier was still a simple single‐storey structure along the harbourfront. 12 http://www.weshare.hk/uploads/15685/9ajPSWBuRnskfAzWo7baQQ.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/c/c3/Battle_of_HK_03.jpg/800px‐Battle_of_HK_03.jpg
    [Show full text]
  • Transport Infrastructure and Traffic Review
    Transport Infrastructure and Traffic Review Planning Department October 2016 Hong Kong 2030+ 1 TABLE OF CONTENTS 1 PREFACE ........................................................... 1 5 POSSIBLE TRAFFIC AND TRANSPORT 2 CHALLENGES ................................................... 2 ARRANGEMENTS FOR THE STRATEGIC Changing Demographic Profile .............................................2 GROWTH AREAS ............................................. 27 Unbalanced Spatial Distribution of Population and Synopsis of Strategic Growth Areas ................................. 27 Employment ........................................................................3 Strategic Traffic and Transport Directions ........................ 30 Increasing Growth in Private Vehicles .................................6 Possible Traffic and Transport Arrangements ................. 32 Increasing Cross-boundary Travel with Pearl River Delta Region .......................................................................7 3 FUTURE TRANSPORT NETWORK ................... 9 Railways as Backbone ...........................................................9 Future Highway Network at a Glance ................................11 Connecting with Neighbouring Areas in the Region ........12 Transport System Performance ..........................................15 4 STRATEGIC DEVELOPMENT DIRECTIONS FROM TRAFFIC AND TRANSPORT PERSPECTIVE ................................................. 19 Transport and Land Use Optimisation ...............................19 Railways Continue to be
    [Show full text]
  • Tseung Kwan O - 及 Lam Tin Tunnel Cross Bay Link
    Tseung Kwan O - 及 Lam Tin Tunnel Cross Bay Link Proposed Scheme – Consultation Digest Kwun Tong Tseung Kwan O Lam Tin Tiu Keng Leng TKO Town Centre South Yau Tong Junk Bay Lam Tin Interchange TKO Area 86 January 2012 Project Information Legends: Benefits Proposed Interchange • Upon completion of Route 6, the new road • The existing Tseung Kwan O Tunnel is operating Kai Tak Tseung Kwan O - Lam Tin Tunnel network will relieve the existing heavily near its maximum capacity at peak hours. The trafficked road network in the central and TKO-LT Tunnel and CBL will relieve the existing Kowloon Bay Cross Bay Link eastern Kowloon areas, and hence reduce travel traffic congestion and cater for the anticipated Kwun Tong Trunk Road T2 time for vehicles across these areas and related traffic generated from the planned development Yau Ma Tei Central Kowloon Route environmental impacts. of Tseung Kwan O. To Kwa Wan Lam Tin Tseung Kwan O Table 1: Traffic Improvement - Kwun Tong District Yau Tong From Yau Tong to Journey Time West Kowloon Area (Peak Hour) Current (2012) 22 min. Schematic Alignment of Route 6 and Cross Bay Link Via Route 6 8 min. Traffic Congestion at TKO Tunnel The Tseung Kwan O - Lam Tin Tunnel (TKO-LT Tunnel) At present, the existing Tseung Kwan O Tunnel is towards Kowloon in the morning is a dual-two lane highway of approximately 4.2km the main connection between Tseung Kwan O and Table 2: Traffic Improvement - Tseung Kwan O long, connecting Tseung Kwan O (TKO) and East urban areas of Kowloon.
    [Show full text]
  • TFHK/01/2021 on 17 May 2021
    Task Force on Harbourfront Developments on Hong Kong Island For discussion TFHK/01/2021 on 17 May 2021 Boardwalk underneath Island Eastern Corridor PURPOSE The purpose of this paper is to brief the Task Force on the latest architectural and landscaping design of the proposed Boardwalk underneath Island Eastern Corridor (IEC) (Boardwalk). The paper will also update the Task Force on the latest progress, works area requirements and proposed management arrangement of the Boardwalk. BACKGROUND 2. The proposed Boardwalk is a major harbourfront enhancement initiative on Hong Kong Island. Successful implementation of the proposed Boardwalk could set a role model for the forth-coming promenade projects, especially those coastal areas which cannot be developed into a promenade due to various reasons. 3. The proposed Boardwalk is approximately 2.2 kilometres (km) long and maintains a width of at least 10 metres (m) wide throughout and comprises a western and eastern section. The western section will run from Oil Street to Tong Shui Road (approximately 0.7 km long), while the eastern section will run from Tin Chiu Street to Hoi Yu Street (approximately 1.1 km long). These two sections will be connected by the North Point Promenade (approximately 0.4 km long). Upon completion, the proposed Boardwalk will connect the existing or planned promenade at Shek Tong Tsui in Western District and Aldrich Bay in Shau Kei Wan, providing a continuous promenade of some 12 km long for public enjoyment. 4. Both the Task Force and the Eastern District Council (EDC) have been closely engaged in the planning of the Boardwalk project over the past few years.
    [Show full text]
  • List of Projects Under the “Universal Accessibility” Programme and Their Present Status (As at 28 February 2021)
    List of projects under the “Universal Accessibility” Programme and their present status (as at 28 February 2021) Expanded Programme: Highways Location Present Status Department Structure No. Central & Western District HF46 Across Possession Street near Lower Lascar Completed Row HF135 Along Cochrane Street near Tun Wo Lane Completed HF142 Across Connaught Road West leading to Completed Sun Yat Sen Memorial Park Eastern District HF63 Across Chai Wan Road near Shan Tsui Completed Court HF92 & HF92A# Across Island Eastern Corridor near Quarry Completed Bay Park HF163 Across Siu Sai Wan Road near Harmony Completed Road Southern District HF104 Across Aberdeen Praya Road near Nam Completed Ning Street HF105 Across Aberdeen Praya Road near Ocean Completed Court H186 Elevated walkway connecting Tin Wan Completed Praya Road and Tin Wan Hill Road Wan Chai District HF154 Across Gloucester Road and Percival Street Under construction near Sino Plaza HS9 Across Canal Road East near Sports Road Completed HF85 At the Junction of Yee Wo Street, Implementation Pennington Street and Sugar Street programme under review Kowloon City District K14 Pui Ching Road Flyover across Princess Completed Margaret Road KF102 Across Hung Hom South Road near Hung Under construction Ling Street and Whampoa Street KF106 Across Hung Hom South Road near Hung Completed Hom Road Kwun Tong District KF90 Across Lei Yue Mun Road near Tsui Ping Completed Road Highways Location Present Status Department Structure No. KF109 Across Shun Lee Tsuen Road near Shun Completed Lee Estate
    [Show full text]
  • Visit : Yau Ma Tei Vernacular Solution for Architecture [Student Notes]
    Design and Applied Technology Teaching kit for Senior Secondary Curriculum Visit : Yau Ma Tei Vernacular Solution for Architecture [Student notes] Organizer Sponsor Research Team 1 Contents Design and Applied Technology | Design and Applied Technology Preamble Learning plan i Visit: Yau Ma Tei - Vernacular Solutions for Architecture 1.1 Itinerary for the Visit 01 1.2 Brief History of Yau Ma Tei 02 1.2.1 What is Localization? 03 1.2.2 What is Vernacular Architecture? 03 Solutions for Architecture - Vernacular Ma Tei Yau Visit: 1.3 Checkpoints 1 Public Square 04 2 Temple Street 05 3 Mido Cafe 07 4 Yau Ma Tei Car Park Building and Gascoigne Road Flyer 08 5 Prosperous Garden 09 6 Man Wah Sun Chuen, Man Sing Street 10 7 Shanghai Street No. 313-315 11 8 Yau Ma Tei Wholesale Fruit Market 13 9 Yau Ma Tei Theatre 15 Summary, Key words and Further reading 17 Create Hong Kong of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) do not reflect the views of the Government of the Hong Kong Special Administrative Region. © 2012 Hong Kong Institute of Architects Topic 10 Visit: Yau Ma Tei - Vernacular Solutions for Architecture Major teaching areas Design and Applied Technology: Strand 1 Design and Innovation • Design in practice | Design and Applied Technology • Design consideration Strand 2 Technology Principles • Nature
    [Show full text]
  • Transport Department Notice
    TRANSPORT DEPARTMENT NOTICE Special Traffic and Public Transport Arrangements for the Hong Kong Marathon 2010, 28 February 2010 Notice is hereby given that the following special traffic and public transport arrangements will be implemented on Sunday, 28 February 2010 to facilitate the holding of Hong Kong Marathon 2010. I. SPECIAL TRAFFIC ARRANGEMENTS FOR 10KM RACE AT ISLAND EASTERN CORRIDOR, HONG KONG ISLAND (A) Road Closures and Traffic Diversion (Please refer to Plans 2 and 3): The following roads will be closed to all vehicular traffic at the time as specified below (except vehicles with labels issued by the organizer): Phase I From 2.00 am to about 9.00 am (depending on the exact finishing time of 10Km race, and it is safe to re-open the roads to vehicular traffic): Road Closures: (i) Island Eastern Corridor eastbound between Victoria Park Road eastbound and Tung Hei Road slip road; (ii) Hing Fat Street slip road leading to Island Eastern Corridor eastbound; (iii) Man Hong Street slip road leading to Island Eastern Corridor eastbound; (iv) Taikoo Wan Road slip road leading to Island Eastern Corridor eastbound; and (v) The slip roads leading from Eastern Harbour Crossing Exit to Island Eastern Corridor eastbound. Traffic Diversion: (i) Vehicles on Victoria Park Road eastbound heading for Island Eastern Corridor eastbound and Eastern Harbour Crossing will be diverted via Gordon Road, Electric Road and Java Road; (ii) Vehicles on Hing Fat Street heading for Island Eastern Corridor eastbound and Eastern Harbour Crossing will be diverted
    [Show full text]
  • Legislative Council Panels on Environmental Affairs, Transport, and Planning, Lands and Works
    CB(1)1807/01-02(01) LEGISLATIVE COUNCIL PANELS ON ENVIRONMENTAL AFFAIRS, TRANSPORT, AND PLANNING, LANDS AND WORKS An Update on Proposed Traffic Management Schemes PURPOSE This paper provides an update on the proposed traffic management schemes at five locations identified for trial to address traffic noise problems. BACKGROUND 2. At the meeting of the Joint Panels on Environmental Affairs, Transport, and Planning, Lands and Works held on 15 January 2002, Members noted that the Transport Department (TD) and the Environmental Protection Department (EPD) had completed traffic surveys and assessed the potential environmental benefits from implementing night-time traffic management measures at five locations identified for trial. The following schemes were proposed for consideration – (a) full closure of East Kowloon Corridor; (b) full closure of Kwai Chung Road Flyover outside Kwai Fong Estate; (c) full closure of Texaco Road Flyover in Tsuen Wan; (d) banning of goods vehicles over 5.5 tonnes along Ngan Shing Street in Shatin; and (e) banning of goods vehicles over 5.5 tonnes along Po Lam Road between Kowloon and Tseng Kwan O. 3. At the meeting, Members were also informed that consultations with the relevant District Councils and the transport trade on the proposed schemes were underway. The Administration undertook to provide Members with an update upon completion of the consultations. The consultation results and the proposed way forward for the five schemes are set out in the ensuing paragraphs. – 2 – ASSESSMENT OF THE TRAFFIC MANAGEMENT SCHEMES AND WAY FORWARD (a) Full closure of East Kowloon Corridor 4. For the purpose of alleviating night-time traffic noise from the East Kowloon Corridor (EKC), which connects Chatham Road North with Kai Tak Tunnel and spans over Kowloon City Road, it is proposed that the feasibility of closing the EKC completely to vehicular traffic at night time from 1:00 a.m.
    [Show full text]