Mayoral candidates challenged to deliver Hong Kong style Corruption Commission following high profile arrests of Earl’s Court investors
Mayor must combat excessive “Hong Kong style” property development prophesied by the People’s Estates
Earl’s Court: Arrested investors Raymond and Thomas Kwok
Every year, for the past decade or so, Sun Hung Kai Properties [joint venture partners with Capital & Counties in Earl's Court scheme] has won awards for Best Corporate Governance and for Best Transparency and Disclosure. Pictured here are brothers Raymond Kwok (left) and Thomas (right) receiving Euromoney awards for Best Managed Companies in 2006 and Best Managed Company for the decade in 2000.
Truth is fiction’s stranger
On May the fourth 2010, long before we discovered the Hong Kong link, our newsletter, West Kensington & Gibbs Green News warned of a “Hong Kong Style city in the sky”. Subsequent evidence has proved us right. Welcome to the surreal world of billionaire busters, density gone mad, and Hong Kong’s biggest ever corruption investigation! We have refreshed our Kwok Blog page with all the latest news, photos and videos here.
The Hong Kong Independent Commission Against Corruption is mounting its greatest ever investigation in its 40-year history; its very reputation is at stake: http://topics.scmp.com/news/hk-news-watch/article/ICAC-arrests-tycoon-brothers.
Mayor King Kong save our homes!
The Mayor of London should protect the People’s Estates now! Boris, Ken, Brian and Jenny! Will you promise to set up the King Kong corruption hotline for London? http://www.icac.org.hk/en/report_corruption/index.html
King Kong Photoshop by terrysong
Meanwhile, here’s what we warned in May 2010:
“Replacing our homes with a ‘Hong Kong style’ city in the sky
The developer, CapCo, says it would triple the density of homes on West Kensington & Gibbs Green. This means the estates would go from 753 homes to 2,259. We would be surrounded by an extra 6,000 new homes, and by 5 million square feet of offices, leisure and shops with up to 24,000 workers.
How could we survive being turned into a ‘Hong style’ city in the sky, packed with 50,000 residents, workers and visitors, and overshadowed by towers rising thirty to forty storeys?
Existing residents would end up crammed into a corner of the estates – most likely the area with the lowest land value, like next to the main roads and railway lines.
The Council’s plans show not one single extra home for rent would be built. Instead, 7,500 flats would be sold at half a million pounds and more each, reaping profits of hundreds of millions of pounds for the developer.
They aren’t coming clean about turning our neighborhood into a ‘Hong Kong style’ city in the sky: they’re not being clear about selling thousands of homes for billions of pounds to bring in tens of thousands of extra people.”
Capco’s Seagrave Road development (Earl’s Court Phase 1) depends for half its finance on the Kwoks and Sun Hung Kai (image courtesy Capital & Counties).