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23 building plans approved in Jan

The Buildings Department approved 23 building plans in January - four on Hong Kong Island, 10 in Kowloon and nine in the New Territories.   Of the approved plans, 15 were for apartment and apartment-commercial developments, five were for commercial developments, two were for factory and industrial developments and one was for a community services development.   Consent was given for works to start on nine building projects which will provide 117,013 sq m of gross floor area for domestic use involving 2,755 units and 144,989 sq m for non-domestic use.   Additionally, the department received notification of commencement of superstructure works for five building projects.   The department also issued 17 occupation permits - six on Hong Kong Island, three in Kowloon and eight in the New Territories.   Buildings certified for occupation have 152,580 sq m of gross floor area for domestic use involving 3,178 units and 35,955 sq m for non-domestic use. http://dlvr.it/SlPVDD

Foreign currency reserves down

Hong Kong’s foreign currency reserve assets dropped to US$429.1 billion in February from US$436.5 billion in January, the Monetary Authority announced today.   The reserve assets represent over five times the currency in circulation or about 41% of Hong Kong dollar M3.   Including unsettled foreign exchange contracts, the foreign currency reserve assets at the end of February decreased to US$428.9 billion from January’s US$436.5 billion.
http://dlvr.it/SkXv98

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