LCQ: why is SHKP (0016) representing shipyards on Short-Term Tenancies in Ap Lei Chau?Larvotto - do you know the boatyard?
HK Government, 20-Jun-2012
A curious situation indeed - why is SHKP reportedly paying compensation to the shipyard operators to get them to leave? Could this be related to the fact that SHKP owns 35% of Cheerjoy Development Ltd, which developed the Larvotto residential development behind the shipyards, covered in our article of 3-Mar-2010?
Larvotto - do you know the boatyard?
We probe the history of the SHKP/Kerry/Paliburg Larvotto, a luxury industrial-cum-residential project overlooking a typhoon shelter but behind boatyards and sawmills, which are noisy enough for the Environmental Protection Department to object to the Town Planning Board's approval, as minutes reveal. "Non-openable windows" were cited as a mitigating measure. Yours for just HK$25k/psf - can you see the bubble? (3-Mar-2010)
Trio agrees to $3b Ap Lei Chau land premium
HK Standard, 3-Sep-2005

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