17 Building Plans Approved

The Buildings Department approved 17 building plans in December - four on Hong Kong Island, seven in Kowloon and six in the New Territories. 

 

Of the approved plans, eight were for apartment and apartment-commercial developments, three were for commercial developments, two were for factory and industrial developments, and four were for community services developments. 

 

Consent was given for works to start on 14 building projects, which will provide 66,578 sq m of gross floor area for domestic use involving 1,872 units, and 30,853 sq m for non-domestic use. 

 

The department also issued 22 occupation permits - five on Hong Kong Island, 11 in Kowloon and six in the New Territories. 

 

Buildings certified for occupation have 54,184 sq m of gross floor area for domestic use involving 1,048 units, and 99,240 sq m for non-domestic use. 

 

The declared cost of new buildings completed in the month was $4.3 billion.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more