Florient Rise

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Florient Rise
Florient Rise under construction (December 2007)
Florient Rise under construction (May 2006), Hoi Ming Court (right) is located in the middle of the construction site

Florient Rise (Chinese: 海桃灣; Jyutping: hoi2 tou4 waan1; formerly Cherry Street Project, Chinese: 櫻桃街項目)[1] is a private housing estate in Cherry Street, Tai Kok Tsui, Kowloon, Hong Kong. It was jointly developed by Nan Fung Group and Urban Renewal Authority (URA) in 2008 and completed the construction in May 2009. It comprises three blocks with a total of 522 units.[2][3]

Hoi Ming Court Incident

There is a residential block called "Hoi Ming Court" in the middle of the construction site of Cherry Street Project, but Hoi Ming Court was excluded from the redevelopment project due to its young age. Nan Fung Development, one of the project's property developers, tried to acquire the block for the whole redevelopment. However, both Nan Fung and URA thought that the acquisition cost raised by flat owners was too high and finally gave up the acquisition plan. Hoi Ming Court was just left and Florient Rise was built around Hoi Ming Court.[4]

References

  1. ↑ Cherry Street Project (Florient Rise)
  2. ↑ SIGNS OF THAW AS LAUNCHES ATTRACT MORE BUYERS ANALYSTS SAY INCREASE IN DEALS MORE A TECHNICAL REBOUND THAN CHANGE INFUNDAMENTALS
  3. ↑ Projects squeeze secondary prices
  4. ↑ Demolish our flats too, say owners Hoi Ming Court residents want a ruling to include their property in Tai Kok Tsui redevelopment
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Private housing estates in Hong Kong

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