A number of civil servants cooperatives in Quarry Bay were bid by Agile, a private property, under a compulsory auction the year before last.
The Town Planning Board has recently received an application for relaxing the height limit of the site to 142.5 meters, an increase of nearly 20% over the existing limit, so as to build two residential buildings, which are expected to provide 600 units.
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Applicant: Building three buildings would be "like a wall"
The application documents indicate that the site is located at No. 992-998 King's Road and No. 2-16 Mount Parker Road, at the junction of the two roads. Since the subway tunnel along King's Road passes under the application site, the subway protection zone covers a large area of the site. Therefore, the building should be placed behind the application site along Mount Parker Road.
The applicant claimed that, in order to maintain the current development scale, three residential buildings would need to be developed under the height limit of 120 meters above the main level benchmark, which would be crowded "like a wall" and could not improve the visual environment and the surrounding area. Air circulation, so it is recommended to relax the height limit to 142.5 meters, an increase of 18.75%.
to reduce to two buildings.
According to the plan, the project will be developed with a plot ratio of 9 times, with two residential buildings from 28 to 35 floors, and a 5-storey basement for residential car parks and a 5-storey podium, including a two-storey clubhouse. A four-storey basement will be built, including a two-storey clubhouse, as well as a two-storey kindergarten, senior centre and retail facilities.
The total residential floor area of the entire project is approximately 39,783 square meters and the non-domestic floor area is approximately 700 square meters.
This is a 3.7% reduction from the proposed gross buildable floor area applied for earlier this year.
Agile won the land for 452 million through a strong auction
Looking through the information, Agile Group acquired No. 2 to 8 of Mount Baijia Road at a reserve price of 452 million yuan through a strong auction in October last year, and integrated the three adjacent plots acquired earlier and developed them together.
The site concerned has applied for relaxation of the height restriction twice in July last year and in January this year. The first application was to relax the height restriction to 156 meters, which is a 30% increase over the existing restriction. Later, it was said that the application for height restriction caused concern and after balancing the gains and losses, it was decided to reduce the proposed height Reduced to 142.5 meters.
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