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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

Oct inflation up 1.7%

Overall consumer prices rose 1.7% in October year-on-year, larger than the 1.4% growth in September, the Census & Statistics Department announced today.   Netting out the effects of the Government’s one-off relief measures, October’s underlying inflation rate went up 1.1% compared to a year earlier, marginally larger than the 1% recorded in September.   Compared with October last year, price increases were seen in electricity, gas and water, clothing and footwear, transport, meals out and takeaway food, durable goods, basic food, miscellaneous services and alcoholic drinks and tobacco.   On the other hand, year-on-year decreases in miscellaneous goods and housing were recorded.   The Government noted that the prices of energy-related items and certain individual items in such major consumer price index components as clothing and footwear and transport saw more visible year-on-year increases.   Price pressures on many other major components remained modest.    Looking ahead, while inflation pressure may go up somewhat in the near term, alongside a faster increase in import prices and the economic recovery, the underlying inflation should remain largely in check as domestic cost pressures are still tame, it added.
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