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13 building plans approved in Nov

The Buildings Department approved 13 building plans in November - two on Hong Kong Island, six in Kowloon and five in the New Territories.   Of the approved plans, eight were for apartment and apartment-commercial developments, two for commercial developments, one for factory and industrial developments, and two for community services developments.   Consent was given for works to start on 11 building projects which will provide 210,471 sq m of gross floor area for domestic use involving 2,595 units and 83,060 sq m for non-domestic use.   Additionally, the department received notification of commencement of superstructure works for nine building projects.   The department also issued 16 occupation permits - three on Hong Kong Island, five in Kowloon and eight in the New Territories.   Buildings certified for occupation have 53,034 sq m of gross floor area for domestic use involving 1,355 units and 168,627 sq m for non-domestic use. http://dlvr.it/Sh3Dtw

Feb sees 0.3% rise in inflation

Overall consumer prices in February rose 0.3% year-on-year, smaller than the 1.9% increase in January, the Census & Statistics Department announced today.   Netting out the effects of all the Government's one-off relief measures, the year-on-year rate of change in February’s underlying inflation rate was -0.1%, smaller than January’s -0.5%.   The department said this was mainly due to the increases in the costs for meals bought away from home and household services charges.   February saw year-on-year price drops for clothing and footwear, transport, durable goods, alcoholic drinks and tobacco, housing and miscellaneous goods.   Prices for electricity, gas and water, food, miscellaneous services as well as meals bought away from home went up.   Taking the first two months of the year together to neutralise the distortions caused by the timing of the Lunar New Year, underlying consumer prices registered a small year-on-year decline of 0.3%.   The Government explained the decline mainly reflected the narrowed increase in food prices and the enlarged fall in private housing rentals.   Meanwhile, price pressures on other major CPI components remained very mild.
http://dlvr.it/Rw7Vgv

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