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‘Micro-home’ project T-Plus in Tuen Mun halts sales drive amid lacklustre buyer response

T-Plus, the residential project in Tuen Mun made up of micro homes smaller than a car parking space, said on Friday it will suspend sales with immediate effect, without providing a reason for the halt. The project, co-developed by mainland developer Jiayuan International Group and local developer Stan Group, announced the freeze after having sold just two units in the 356-unit project since its launch on November 29. On Thursday, AVA 228 a micro-home project in Sham Shui Po debuted its price list for an initial batch of 50 units,…

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Micro-sized housing project in Sham Shui Po offers discounts… and cheapest new homes in the city since 2016

Hong Kong’s newest micro-sized housing project has been priced at levels that represent a double-digit percentage discount to similar offerings released only a few months earlier. The offer of cut-price micro flats reflect the eagerness of the developer to adopt an aggressive pricing ­strategy as the residential market continues to cool. The 22-storey residential block named AVA 228 – a project in Sham Shui Po featuring 160 flats – has priced the smallest of an initial batch of units, measuring 151 square feet, at HK$18,563 per square foot, or HK$2.8…

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Vietnam 

Ministry of Transport to accelerate North-South Expressway project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Ministry of Transport plans to rush the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyễn Văn Thể.— Photo vietnamfinance.vn HÀ NỘI — The Ministry of Transport plans to rush the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyễn Văn Thể. He said the ministry had approved a feasibility study of 11 sub-projects of the North-South expressway project since October last year and was in the process…

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Property 

New ‘tiny home’ benchmark for Kowloon as developer rolls out Sham Shui Po project in layouts beginning at 129 sq ft

Hong Kong’s Kowloon district is about to realise a new benchmark for tiny home sizes that will test the market’s tolerance for what’s considered liveable space, with one developer set to launch a project in Sham Shui Po featuring layouts starting at 129 square feet, the smallest on record for the area. The 22-storey residential block named AVA 228 will feature 160 units with sizes ranging from 129 sq ft to 249 sq ft, according to the website of Magic Sight Holdings, a privately held developer owned by property investor…

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How DJI went from university dorm project to world’s biggest drone company

In a modern, spacious showroom in Shenzhen, a dozen visitors spend a Wednesday afternoon checking out the sleek-looking products from the world’s biggest drone maker. The showroom, located in the Weixin Software Science & Technology Park, stands in contrast to the drab, blue-grey high-rise buildings around it, typical of Chinese science parks built in the early 2000s. That will soon change though. SZ DJI Technology, whose products are sold in more than 100 countries, has commissioned world-renowned British architectural studio Foster and Partners to design a new headquarters. This main…

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Vietnam 

Project hopes to see flight arrivals take off – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Passengers at Nội Bài International Airport in Hà Nội. The new aviation project wants airlines to open more routes and increase the frequency of flights between Việt Nam and the rest of the world. — Photo tbdn.com.vn Viet Nam News HÀ NỘI – Deputy Prime Minister Trịnh Đình Dũng has approved a project to enhance air connectivity. It will open new routes and increase frequency of existing flights between Vietnam and major tourist destinations around the world. More routes will be launched to the key tourism spots…

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Singapore 

RTS Link project ‘not progressing well’, opening likely to be delayed beyond 2024: Khaw Boon Wan, Singapore News

SINGAPORE – The planned Rapid Transit System (RTS) Link between Johor Baru and Singapore is “behind schedule and not progressing well”, said Transport Minister Khaw Boon Wan. This means that the start of cross-border MRT services – which were intended to ease congestion at land checkpoints – will likely be delayed beyond the original target date of Dec 31, 2024. He was responding in a written parliamentary reply to Mr Ang Wei Neng (Jurong GRC), who had asked for a progress update on the RTS. Mr Khaw, who is also…

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CK Asset’s planned hotel-to-housing project in Hong Kong aims to house 7,500 people

The hotel that CK Asset Holdings will convert into a dense housing estate would provide homes to 7,500 people in the New Territories by as early as 2022, according to consultants hired by the company. The redevelopment of the 1,100 -room Harbour Plaza Resort City hotel in Tin Shui Wai into two residential towers with 5,000 flats would cater to three times the number of people than the hotel could. But the expected population increase, said traffic advisers of the project CTA Consultants, would not create congestion in the neighbourhood…

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Property 

Hong Kong’s first residential project sale of the year released with steep price discounts

Mainland developer China Overseas Land and Investment unveiled aggressive discounts at its new residential flats released in Tai Po on Thursday, in an effort to fend off competition amid rising supply and concerns of a spreading malaise in the city’s housing market. In the first property sale of the new year, the developer priced the first 324 units at The Regent starting from HK$10,688 (US$1,364) per square foot after discounts. The average unit price was HK$12,800 per square foot, about 32 per cent lower than a nearby project launched five…

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Property 

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

Kaisa Group Holdings faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China’s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt, has invested more than 1 billion yuan (US$146 million) in a project in Xi’an to transform a shanty town into residential dwellings. The project had been abandoned for about two years before Kaisa came on board in August 2017, acquiring a…

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