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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

Voucher scheme well received

Secretary for Financial Services & the Treasury Christopher Hui today said the community’s overall response to the Consumption Voucher Scheme is very positive after the first batch of vouchers was disbursed.   The first $2,000 consumption voucher was disbursed to about 5.5 million eligible people on August 1.   Answering lawmakers’ questions today, Mr Hui said the scheme is generally welcomed by the public and businesses and has successfully boosted and stimulated consumer sentiment.   He noted that the four stored value facility operators and a lot of shopping centres and merchants have seized the opportunity to introduce extra promotions to attract people to spend, adding that such additional promotions will reinforce the multiplier effect of the electronic consumption vouchers.   As the vouchers are disbursed in instalments, Mr Hui believes that the enthusiastic consumer sentiment will continue in the second half of the year, leading to growth of the local retail, catering and service sectors, and boosting the overall local economy.   The Government had estimated earlier that there would be around 7.2 million eligible people, involving about $36 billion and expected that the scheme would boost local economic growth by 0.7 percentage points.
http://dlvr.it/S6JrHL

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