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New harbourfront space opens

The Development Bureau announced that the Pierside Precinct near Wan Chai Ferry Pier further opened today, providing a nostalgic harbourfront leisure space with a panoramic view of Victoria Harbour for the public.   Being the 12th harbourfront leisure space that opened since October last year, the newly opened area is located to the east of the ferry pier on a harbour site reclaimed for the construction of the Central-Wan Chai Bypass.   The bureau said under the incremental approach, a 180-metre-long promenade of the precinct opened earlier in March, followed by the opening of a further 80m in October.   With an area of about 4,600 sq m, the newly opened part has almost doubled the precinct's original space.   In contrast to the colourful cartoon style adopted at other harbourfront sites opened earlier in Western District and Wan Chai, the precinct mainly comprises simple fair-faced concrete and wooden structures.   It features a stylish touch with its clear and rectiline

92k flats forecast

The projected private flat supply for the next three to four years is 92,000 units, unchanged from the previous estimate.   The Transport & Housing Bureau today said there were 12,000 unsold units in completed projects at the end of December last year.   It added there were 57,000 units under construction, excluding those pre-sold by developers, and 23,000 units from disposed sites where construction can start any time.   The number of flats under construction in the fourth quarter of last year was 200, while the number of units completed for the period was 7,200.
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