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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maple MAGA who wrote (162564)	9/13/2020 9:29:18 PM
From: TobagoJack	Read Replies (2) \| Respond to of 218379

Pal who gave up his USA citizenship for Australian papers (wife is Australian) in January and just left his HK home for Melbourne sojourn is now stuck as cannot leave the country. His many Plan-B homes (USA, Malaysia, New Zealand, UK, HK) are all out of reach. On call during past weekend we talked about gold, and about why gold should not be stored in Australia. Australia does not appear to be worthy. He agreed w/ me that Lamma island of Hong Kong is a better bet. Rumors re old marina plan is again rife hongkongfp.com Rejected HK$10bn Lamma Island luxury development may be resurrected by VICKY WONG 11:46, 28 JULY 2015 Print More by Vicky Wong A controversial Lamma Island construction project that was shelved years ago by the Town Planning Board could be resubmitted. According to Apple Daily, the HK$10 billion Baroque on Lamma project – a yacht club complete with hotel and luxury apartments – was rejected by the board the end of 2011 amid concerns about its environmental impact. However, the paper reported that Agile Property is to resubmit their application to the planning board once again. Map of the proposed Baroque on Lamma project, which would be located in the southern part of the island on Tung O Wan. Photo: The Baroque on Lamma.Developers justified the need for the project citing Hong Kong’s “eroded” reputation as a sailing city. It said countries such as Singapore, Thailand, Malaysia and China were expanding their own sailing facilities and that Hong Kong needed to do the same in order to secure its place as the “Asian Sailing Capital.” Photo: HKFP.The project’s website said: “Hong Kong has a long history of sailing and the Royal Hong Kong Yacht Club was established since 1846. Hong Kong still has the largest fleet of pleasure crafts in South-East Asia and the most mature yachting market.” It said that Hong Kong was “being left out of major international regatta events and boat shows.” Artist’s impression. Photo: The Baroque on Lamma. According to the website, the proposed marina would be located in Tung O Wan and would have up to 500 wet berths that can accommodate yachts more than 100 metres long. Model of the Baroque on Lamma development. Photo: Apple Daily. There would also be a private yacht club and a sailing academy. Developers stressed that all facilities would be designed to international standards with the intention of being a “green marina” with Blue Flag status, an international benchmark used to measure environmental and quality standards. Apple Daily reported that Agile Property would not comment on the specifics of the plan but added that the resubmitted application would have a bigger emphasis on environmental protection. Artist’s impression. Photo: The Baroque on Lamma. According to the project director Tiu Chin-wai, the development would not be a “rich people’s heaven” but would include a number of facilities that would look similar to Stanley, including shops and restaurants. Objections to the project were raised by residents and also environmental groups. In 2011 the World Wildlife Fund submitted reports to both the Town Planning Board and the Environmental Protection Department saying that Lamma Island was one of the most important ecological areas in Hong Kong. It said that the project would affect the Romer’s tree frog, green turtles, porpoises and other endangered species living on the island. Sent from my iPad