Trends
WIth the economies of scale of large developments, and the lifting of height restrictions since the opening of the new airport at Chek Lap Kok, there is the tendency of new private tower block developments with 10 to over 100 towers, ranging from 30-to-70-storeys high.
There has also been a trend in joint ventures between the already oligopolistic real-estate developer in Hong Kong. Developers have been increasingly partnering up to bid for development sites. At a land auction on 8 May 2007, the Government warned developers not to collude in bidding.
Read more about this topic: Private Housing Estates In Hong Kong
Famous quotes containing the word trends:
“Power-worship blurs political judgement because it leads, almost unavoidably, to the belief that present trends will continue. Whoever is winning at the moment will always seem to be invincible.”
—George Orwell (1903–1950)
“Thanks to recent trends in the theory of knowledge, history is now better aware of its own worth and unassailability than it formerly was. It is precisely in its inexact character, in the fact that it can never be normative and does not have to be, that its security lies.”
—Johan Huizinga (1872–1945)
“A point has been reached where the peoples of the Americas must take cognizance of growing ill-will, of marked trends toward aggression, of increasing armaments, of shortening tempers—a situation which has in it many of the elements that lead to the tragedy of general war.... Peace is threatened by those who seek selfish power.”
—Franklin D. Roosevelt (1882–1945)