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The People's Republic of China was founded in 1949, when Hong Kong was a capitalist state, which provided capitalists with opportunities to develop industries. In the early 1950s, China was under trading sanctions , which made it possible for Britain to transform Hong Kong into a hub for exports and manufacturing.
Hong Kong law Chapter 123F, Building (Planning) Regulations, Regulation 23 sect 3 sub-paragraph (a) defined that: Subject to sub-paragraph (b), for the purposes of regulations 19, 20, 21 and 22, the gross floor area of a building shall be the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with ...
New Slab (Chinese: 新長型大廈) is a design of residential block of public housing estate in Hong Kong, and the successor to the Old Slab design. It is a modification of the Old Slab design. Most were built between 1986 and 1991. In public housing estates, it is typically built alongside Trident blocks (Trident 3 and 4).
Old Slab (Chinese: 舊長型) is a design of residential blocks used in Hong Kong public housing estates. The buildings of this type consist of one or more elongated rectangular blocks, joining end by end. As of 2018 there were 257 of these structures in the city. [1]
However, the gentrification of both cities has led to older tenants of shophouses being driven out by the rising costs of renting or buying properties within historical districts. In 2012, the cost of buying a pre-World War II shophouse in George Town reached RM 2,000 per square foot ( US $660), equivalent to the price of the most expensive ...
The rating system in Hong Kong has a history of over 160 years. The first Rating Ordinance, Ordinance No. 2 of 1845, was enacted in that year and related to the Police Rate which was collected to pay the expenses for upholding and maintaining the police force in Hong Kong. Over the following thirty years, services funded by rating such as ...
Private housing estate is a term used in Hong Kong for private mass housing—a housing estate built by a private developer, as opposed to a public housing estate built by the Hong Kong Housing Authority or the Hong Kong Housing Society. It is usually characterised by a cluster of high-rise buildings, with its own market or shopping mall.
It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. [8] In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures.