LC Paper No. CB(4)1029/20-21(01)
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China / Hong Kong Monthly Chart Book
China / Hong Kong Monthly Chart Book HK Property Refer to important disclosures at the end of this report DBS Group Research . Equity 14 January 2019 Local developers dominated the land HSI: 26,667 market • Kai Tak is the key source of land supply ANALYST Jeff YAU CFA, +852 3668 4180 • MTRC stepping up project launches [email protected] • Local developers dominated the land market Ian CHUI +852 3668 4174 Kai Tak is the key source of land supply. In 2018, the government sold [email protected] 11 residential or residential/commercial sites via public tender for HK$70.6bn. Upon completion, these projects are expected to provide Jason LAM +852 3668 4179 >5,500 residential units, of which about 74% will come from the Kai [email protected] Tak area. After SHKP (16.HK) paid a record price for the sizeable residential/retail lot adjacent to Kai Tak MTR Station, the government released three waterfront residential sites along the runway of the old airport onto the market for tender during Nov-Dec 18. A consortium equally owned by Henderson Land (12.HK), Wheelock (20.HK), New World Development (17.HK), and Empire Group won the tender for one of the sites. The joint venture arrangement allows the consortium members to diversify their investment risk. The other two went to Chinese companies, China Overseas Land (688.HK) and Goldin Financial (530.HK). MTRC stepping up project launches. In 2H18, MTRC (66.HK) offered two projects for tender. Cheung Kong Asset Holdings (1113.HK) defeated four other developers to secure the development rights of Wong Chuk Hang Station Package 3 in Aug-18. -
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. -
Railway Network
Railway Network Railways play a vital role in serving the transport needs of COVID-19 pandemic. By end 2020, the AEL carries about Hong Kong. They account for about 39 per cent of domestic 8 400 passenger trips per day. public transport by end 2020. Light Rail: Light Rail is a local transportation network Existing Network: The existing railway network in Hong which started operation in 1988 to meet the transport needs of Kong has a total route length of about 263 kilometres. The the residents in the northwest New Territories. It now has a Legislative Council passed in June 2007 the Rail Merger route length of about 36 km with 68 stops. By end 2020, it Ordinance which provides the legal framework for the carries an average of about 305 600 passenger trips every post-merger corporation to operate both the Mass Transit day. It has four interchange stations in Yuen Long, Tin Shui Railway (MTR) system and Kowloon-Canton Railway (KCR) Wai, Siu Hong and Tuen Mun to facilitate passenger system. The post-merger Corporation, i.e. the MTR interchange between the Light Rail and West Rail Line Corporation Limited (MTRCL) has been granted a 50-year networks. franchise to operate the MTR and KCR systems with effect from December 2, 2007. Other fixed track systems include the Hong Kong Section of Guangzhou-Shenzhen-Hong Tramway and the Peak Tram. Kong Express Rail Link (XRL): The Hong Kong section of the XRL, commissioned in September 2018, is a 26-km long MTR: MTR is a heavily patronized railway network underground rail corridor connecting Hong Kong with the consisting of 10 heavy rail lines, Airport Express and the Hong national high-speed rail network. -
Nvironmental Management and Performance
ENVIRONMENTAL MANAGEMENT AND PERFORMANCE LAND AND WATERBORNE TRANSPORT Hong Kong is one of the most densely populated cities in the world. A safe, efficient, reliable and environment friendly transport system is important to the sustainable development of the city. On environmental management, we will continue to press ahead with the following initiatives - priority for efficient and environment friendly transport modes; reduction in traffic congestion and better inter-modal co-ordination; greater emphasis on pedestrian facilities; and application of Information Technology (IT) to transport management. Priority for Efficient and Environment Friendly Transport Modes Railways are environment friendly, safe and efficient mass carriers in Hong Kong, carrying about 40% of our public transport passengers. At present, the total length of our railways under operation is about 219 km. We are taking forward the following five railway projects in full swing - West Island Line; South Island Line (East); Kwun Tong Line Extension; Shatin to Central Link; and Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link. 7 Upon completion of these railway passenger lines by 2020, the total length of railways in operation in Hong Kong will be increased to about 280 km. We launched the consultancy study on the Review and Update of the Railway Development Strategy 2000 in March 2011 to further our policy for better use of railways as the backbone of the passenger transport system. Development of rail transport will significantly speed up passenger flow, alleviate road traffic congestion and reduce vehicle-induced air pollution. The study is expected to be completed in 2013. The Government will continue with its efforts to enhance the co-ordination between railway and other public transport modes to avoid unnecessary duplication of public transport resources and alleviate traffic congestion. -
Press Release on Modification Works for the MTR Diamond Hill Station In
CB(1)786/12-13(01) PR021/13 25 March 2013 Enhanced facilities to make MTR Diamond Hill Station the future East Kowloon railway hub MTR Diamond Hill Station will be transformed into a major new railway hub for East Kowloon when the first phase of the Shatin to Central Link (SCL) commences service in 2018. Modification works will begin in mid-April to upgrade and enlarge Diamond Hill Station to serve as the future interchange station between SCL and the Kwun Tong Line. A new SCL concourse and platforms will be built and a wide array of enhanced facilities will be added there including the installation of 3 new lifts, 12 escalators, additional Ticket Issuing Machines, Automatic Teller Machines, shops, and new public toilet facilities. “We take on the feedback from the community on barrier-free facilities. By reorganising the station layout and exploring ways to overcome technical challenges, we have been able to maximize the number of lifts and escalators we can put into the station, “said Mr Jay Walder, Chief Executive Officer of MTR Corporation. “Passengers will enjoy the convenience brought by the new facilities at the Kwun Tong Line of Diamond Hill Station from the end of 2015, while the facilities at the new extension will be unveiled with the completion of the SCL in 2018,”said Mr Philco Wong, General Manager – Shatin to Central Link of MTR Corporation. In the intervening period, a number of temporary arrangements will be implemented at the station to facilitate construction works. “In planning the modification works, we will do our best to minimize the inconvenience caused to the passengers. -
A Brief Highlight of Stations Along the Alignment
A brief highlight of stations along the alignment Diamond Hill Station and Depot New Diamond Station and depot facility located at previous Tai Hom Village Existing MTR Kwun Tong Line Approx. location of Kai Tak Station Hung Hom To Kwa Wan Kowloon City Approximate run of Shatin-Central Link Location of the Kai Tak Station of SCL Advance works for Kai Tak Development nearby the Kai Tak Station of SCL The urban environment of the nearby district Toward Ho Man Tin Station Kwun Tong Line Extension as a sub-network to the Shatin Central Link serving the Whampoa District The urban environment of the nearby district Satellite map showing the original layout of the site Homantin Station, which is an interchanging station for the SCL and KTE lines The land reserved for the Ho Man Tin Station (previous Valley Road Estate) before site formation Site formation for the Ho Man Tin Station Advance work for the Whampoa Station in early 2012 Phasing arrangement to convert Hung Hom Station into an interchanging station The International Mail Centre – to be relocated to Kowloon Bay due to part of the building foundations will be infringed by the SCL harbour crossing tunnel Future seawall of WC Reclamation zone Storing of explosive for drill-and-blast tunnel works The Tuen Mun Western Bypass and Tuen Mun-Chek Lap Kok Link To meet future traffic demand for the Northwest New Territories and Lantau, a plan to develop the Tuen Mun Western Bypass (9 km) and the Tuen Mun-Chek Lap Kok Link (4 km in immersed-tube) at a cost of over $20 billion is proposed. -
Administration's Paper on the Progress Update of the Construction of The
LC Paper No. CB(4)610/15-16(05) Legislative Council Panel on Transport Subcommittee on Matters Relating to Railways Progress Update of the Construction of the Shatin to Central Link (As at 31 December 2015) Introduction This paper reports to Members on the progress of the main construction works of the Shatin to Central Link (“SCL”) as at 31 December 2015. Background 2. SCL, with a total length of 17 kilometres, consists of the following two sections – (a) Tai Wai to Hung Hom section: this is an extension of the Ma On Shan Line from Tai Wai via Southeast Kowloon to Hung Hom where it will join the West Rail Line; and (b) Hung Hom to Admiralty section: this is an extension of the East Rail Line from Hung Hom across the Victoria Harbour to Wan Chai North and Admiralty. 3. SCL will have ten stations. Apart from bringing improvements to the existing Tai Wai Station, the SCL project will involve construction of new stations or extension of existing stations at Hin Keng, Diamond Hill, Kai Tak, To Kwa Wan, Ma Tau Wai, Ho Man Tin, Hung Hom, the Hong Kong Convention and Exhibition Centre, and Admiralty. It is a territory-wide strategic railway project (alignment layout at Annex 1). Admiralty Station and Ho Man Tin Station will become integrated stations providing interchange service to passengers of SCL and South Island Line (East)(“SIL(E)”), as well as passengers of SCL and Kwun Tong Line Extension (“KTE”) respectively. 4. The Approved Project Estimate for the entire SCL project is $79,800 million (in money-of-the-day prices) and the project is funded by the Government under the “concession approach”. -
St Michel — All-New, Low-Density Luxury Residences in the Hills of Sha Tin South — Provides a Great Balance Between Tranquillity and Vibrant City Living
Love・Home St Michel — All-new, low-density luxury residences in the hills of Sha Tin South — provides a great balance between tranquillity and vibrant city living Sun Hung Kai Properties' (SHKP) meticulously constructed St Michel Development, is nestled in the luxurious, low-density hills of Sha Tin South. It is fronted by the bustling metropolis of Sha Tinβ, and backed by rolling green hillsβ. The Development features its very own, exclusive access road, as well as an excellent transport network, sitting in close proximity to two tunnels and two railway stations. The Development's clubhouseα and gardens seamlessly integrate with nature, creating a sense of "Wellness Living" that refreshes both the body and spirit. Simply step out of the hustle and bustle into perfect tranquillity, and enjoy the unique advantages offered by this Development. Tenders for Phase 1 St Michel have begun∞, and the market has responded enthusiastically. The above photo was taken from some height above the vicinity of the Phase of the Development on 13 July 2020@ Magnificent, deluxe residences with expansive views and an exclusive access road for enhanced privacy St Michel Development is divided into two phases. Phase 1 St Michel features large, opulent three-to-four bedroom units that enjoy the rare luxury of stunning views of both the hills and the city±. The units are laid out to enhance the flow of fresh airΩ and maximise lightΩ. The Development enjoys a superior geographic location, sitting close to both the MTR Tuen Ma Line and the East Rail Line. It only takes around 9.5 minutes* on foot to get to MTR Sha Tin Wai Station. -
Barrier Free Conditions of Mass Rapid Transit Stations in Hong Kong
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Muroran-IT Academic Resource Archive Barrier Free Conditions of Mass Rapid Transit Stations in Hong Kong 著者 OSAKAYA Yoshiyuki, AOYAMA Takeshi, RATANAMART Suphawadee journal or Proceedings of TRANSED 2010 publication title volume 2010 number A078 page range 1-10 year 2010-06-02 URL http://hdl.handle.net/10258/1148 Barrier Free Conditions of Mass Rapid Transit Stations in Hong Kong 著者 OSAKAYA Yoshiyuki, AOYAMA Takeshi, RATANAMART Suphawadee journal or Proceedings of TRANSED 2010 publication title volume 2010 number A078 page range 1-10 year 2010-06-02 URL http://hdl.handle.net/10258/1148 BARRIER FREE CONDITIONS OF MASS RAPID TRANSIT STATIONS IN HONG K ONG Osakaya Yoshiyuki ,Muroran Institute of Technology Muroran ,Japan ,E-mail : osakaya@mmm .muroran-i t. ac .jp Aoyama Takeshi ,Muroran City Council Muroran ,Japan ,E-mail : t-aoyama@beige .plala .or .jp Ratanamart Suphawadee , King Mongkut Institute of Technology Ladkrabang Bangkok ,Thailand ,E-mail : nuibooks@yahoo .com SUMMARY In In Hong Kong ,it is estimated that aging will be rapidly going on after 2010 Increase Increase of the elderly means increase of the disabled . In Hong Kong , there are 3 KCR lines (East Li ne ,West Li ne and Ma On Shan Li ne) and 7 MTR lines (Kwun Tong Li ne ,Tsuen Wan Li ne , Island Li ne ,Tsueng Wan 0 Li ne ,Tung Chung Li ne , Airport Airport Li ne and Disneyland Li ne) in 2006 This This study firstly made the actual conditions of barrier free at all 81 stations clear It It secondly made problems clear . -
Announcement of Unaudited Results for the Six Months Ended 30 June 2020
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. MTR CORPORATION LIMITED 香港鐵路有限公司 (the “Company”) (Incorporated in Hong Kong with limited liability) (Stock code: 66) ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020 RESULTS Six months ended 30 June HK$ million 2020 2019 Change Revenue from recurrent businesses 21,592 28,272 -23.6% Profit from recurrent businesses^ 433 2,665 -83.8% Profit from property development 5,200 775 +571.0% Investment property revaluation (loss) / gain (5,967) 2,066 n/m Net (loss) / profit attributable to shareholders of the Company (334) 5,506 n/m ^ : including share of profit /( loss) of associates and joint venture n/m : not meaningful - Interim ordinary dividend of HK$0.25 per share declared (with scrip dividend alternative) HIGHLIGHTS Hong Kong Businesses - Hong Kong transport operations, station commercial and property rental businesses have been significantly and adversely affected as a result of the COVID-19 pandemic. Various relief measures have been offered to our passengers as well as tenants to ease their financial burden during the pandemic - In spite of the pandemic, train service delivery and passenger journeys on-time in our heavy rail remained at 99.9% world-class level - Tuen Ma Line Phase 1 was opened in February 2020. -
Hutong 28/F One Peking Tsim Sha Tsui, Hong Kong From
Hutong 28/F One Peking Tsim Sha Tsui, Hong Kong From InterContinental Hong Kong From street level, find the escalators (entrance on Kowloon Park Drive) that lead up to the Mezzanine level. Turn right to find the first lift well. Then take the lift to the 28th Floor. Getting There There are a number of easy options to reach Hutong. Taxi drivers will know the name One Peking (or show them the address in Chinese: 尖沙咀北京道 1 號), a building near Victoria Harbour in Tsim Sha Tsui. Once you get to One Peking in Tsim Sha Tsui, there are 2 ways up to the Hutong. From street level, find the escalators (entrance on Kowloon Park Drive) that lead up to the Mezzanine level. Turn right to find the first lift well. Then take the lift to the 28th Floor. Via the underground at MTR Exit L5. Take the lift up to the Mezzanine level. Make your way around to the first lift well to your right. Then take the lift to the 28th Floor. From Central Via the MTR (Central Station) (10 minutes) 1. Take the Tsuen Wan Line [Red] towards Tsuen Wan 2. Alight at Tsim Sha Tsui Station 3. Take Exit L5 straight to the entrance of One Peking building 4. Take the lift to the 28th Floor Via the Star Ferry (Central Pier) (15 mins) 1. Take the Star Ferry toward Tsim Sha Tsui 2. Disembark at Tsim Sha Tsui pier and follow Sallisbury Road toward Kowloon Park 3. Drive crossing Canton Road 4. Turn left onto Kowloon Park Drive and walk toward the end of the block, the last building before the crossing is One Peking 5. -
MTR Enhances Non-Peak Hour Services on Nine Railway Lines
PR032/21 18 May 2021 MTR Enhances Non-Peak Hour Services on Nine Railway Lines MTR Corporation is committed to providing convenient train services for passengers. In view of the government’s latest anti-pandemic measures, including relaxation of the social distancing measures as well as the resumption of half-day classes at schools, the Corporation will enhance non-peak hour train services on weekdays, weekends and public holidays on nine railway lines. With effect from 21 May 2021 (Friday), additional services will be provided on the Island Line, Tsuen Wan Line, Kwun Tong Line, Tseung Kwan O Line, South Island Line, Tung Chung Line, East Rail Line, West Rail Line and Tuen Ma Line Phase 1 to provide more convenience to the public. MTR has been maintaining normal train services during peak hours on weekdays amid the pandemic, while train services during non-peak hours have been adjusted flexibly according to the patronage of the respective railway lines. Under this round of train service adjustment, train frequency on Friday nights, as well as during the day, evening and night on weekends and public holidays on the Island Line, Tsuen Wan Line and Kwun Tong Line will be enhanced to every 2.4 to 6.2 minutes. Train frequency on the South Island Line on weekday evenings, weekends and public holidays will be stepped up to every 4 to 6 minutes. As for the Tseung Kwan O Line, Tung Chung Line, East Rail Line, West Rail Line and Tuen Ma Line Phase 1, train services during non-peak hours on weekends will be enhanced.