Cyberport 2 in front of Cyberport Road.

Cyberport (Traditional Chinese: 數碼港, Simplified Chinese: 数码港; Cantonese Jyutping: sou3 maa5 gong2; Mandarin Pinyin: Shùmǎgǎng) is a 240,000 m², campus-style, low-density project consisting of commercial, retail, hotel, entertainment and residential facilities, built by Pacific Century CyberWorks Limited (PCCW). Image File history File linksMetadata Download high-resolution version (2048x1536, 1047 KB) en: Cyberport 2 and bridge above Cyberport Road. ... Image File history File linksMetadata Download high-resolution version (2048x1536, 1047 KB) en: Cyberport 2 and bridge above Cyberport Road. ... Traditional Chinese characters are one of two standard character sets. ... Simplified Chinese characters (Simplified Chinese: 简体字; Traditional Chinese: 簡體字; pinyin: jiÇŽntǐzì; also Simplified Chinese: 简化字; Traditional Chinese: 簡化字; pinyin: jiÇŽnhuàzì) are one of two standard character sets of printed contemporary Chinese written language. ... Standard Cantonese is a variant, and is generally considered the prestige dialect of Cantonese Chinese. ... Jyutping (sometimes spelled Jyutpin) is a romanization system for Standard Cantonese developed by the Linguistic Society of Hong Kong (LSHK) in 1993. ... Standard Mandarin is the official Chinese spoken language used by the Peoples Republic of China, the Republic of China (Taiwan) and Singapore. ... Pinyin is a system of romanization (phonemic notation and transcription to Roman script) for Standard Mandarin, where pin means spell and yin means sound. The most common variant of pinyin in use is called Hanyu Pinyin (Simplified Chinese: , Traditional Chinese: ; pinyin: HànyÇ” PÄ«nyÄ«n), also known as scheme... The 4-star Manor House Hotel at Castle Combe, Wiltshire, England. ... It has been suggested that this article or section be merged with Recreation. ... PCCW Limited (PCCW, 電訊盈科) (NYSE: PCW) is the largest telecommunication enterprise in Hong Kong. ...

Hong Kong-listed PCCW, headed by entrepreneur Richard Li, the second son of one of Asia's wealthiest businessmen Li Ka-shing, signed an agreement with the Hong Kong government in 2000 to design, build and market the technology-themed Cyberport. Richard Li Tzar Kai (李澤楷 Pinyin: Lǐ ZékÇŽi) was born on 1966 in Hong Kong, the younger son of sucessful entrepeneur Li Ka-Shing. ... Li Ka Shing (李嘉誠 pinyin: Lǐ Jiāch ng, Jyutping: Lei5 Gaa1-sing4), is the wealthiest person in Hong Kong and East Asia. ... This article is about the year 2000. ...

One of the more noteworthy political episodes in Hong Kong since 1997, when Hong Kong was returned to the People's Republic of China, has been controversy over Cyberport, widely seen as a turning point in the popularity of Tung Chee-Hwa's government. It was alleged that Tung had favored Li's family. Commercially, the project is also struggling with low occupancy rate, 42% as of 2005. [1] 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... Tung Chee-hwa (Traditional Chinese: 董建華 Simplified Chinese: 董建华 Pinyin: Dǒng Jiànhuá) (born July 7, 1937, or the 29th day of the fifth month in the Chinese calendar) is the first Chief Executive of the Hong Kong Special Administrative Region of the People...

Background of the project

In its 1999 annual report, the Hong Kong government revealed its hope that the Cyberport would help local businesses capitalize on the rapid growth of the Internet. The Cyberport was intended as a place where the development of information technology and multimedia would be nurtured so that the demands of these industries could be met in the future. It was also hoped that this development would help the HKSAR's economy rebound after the East Asian financial crisis of 1997. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Old Farts by the Sometimes-United Nations. ... The East Asian financial crisis was a period of economic unrest that started in July 1997 in Thailand and affected currencies, stock markets, and other asset prices in several Asian countries, many considered East Asian Tigers. ...

On 17 May 2000 the Government of the HKSAR signed an agreement with Hong Kong Cyberport Management Company Limited (HKCMCL), a company set up and wholly owned by PCCW. The agreement required HKCMCL to perform the role of developer, complete the project by the agreed deadline, and to carry the risks associated with construction, financing and default/completion. May 17 is the 137th day of the year in the Gregorian Calendar (138th in leap years). ... This article is about the year 2000. ...

According to the agreement, the Cyberport would be handed back to the HKSAR Government upon completion so that ownership and management rights would ultimately reside with the Government. A private company, Cyberport Management Company Limited, was set up by the Government to hold the title of the Cyberport and operate the Port.

The government's capital contribution to the project was the Residential Portion Land Value of the Cyberport, valued at $7.8 billion, which included an estimated cost of around $1 billion for infrastructure work. HKCMCL was responsible for the construction costs of both the Cyberport portion and the residential portion.

It was intended that HKCMCL would profit from the ancillary residential development. The amount of return due to the company would depend on its construction costs, the value of the land (which would be determined when development rights were granted), the sale prices of the apartments/flats and the mode of financing.

Sources: [2], [3]

Location and features

Cyberport Cinema

The development is located at a reclaimed bay - the Telegraph Bay or Kong Sin Wan - on the southwest side of Hong Kong Island, between Aberdeen and Pok Fu Lam, near Baguio Villa. It has a total area of 5.7 million square feet(530,000 m²), providing 27,000 m² of retail and entertainment space and a 173-room five-star hotel. Image File history File linksMetadata Cyberport-cinema. ... Image File history File linksMetadata Cyberport-cinema. ... Land reclamation is either of two distinct practices. ... Telegraph Bay or Kong Sin Wan (綱綫灣), formerly known as Tai Hau Wan (大口灣), is a bay in the west shore near Pok Fu Lam, between Sandy Bay and Waterfall Bay on the Hong Kong Island, Hong Kong. ... The night view of the Island side as seen from the Kowloon side - the opposite side of the Victoria Harbour Hong Kong Island (Traditional Chinese: 香港島; Simplified Chinese: 香港岛; Cantonese Jyutping: hoeng1 gong2 dou2; Mandarin Pinyin: XiānggÇŽngdÇŽo) is the island where the colonial settlement of the Hong Kong territory... Aberdeen gate in Hong Kong Aberdeen Harbour (香港仔) is a harbour at the south side of Hong Kong Island, located in the Southern District of Hong Kong. ... Pok Fu Lam (薄扶林) is a residential area on Hong Kong Island, at the western end of the Southern District. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

Project overview

The Cyberport project has been mired in controversy since the Hong Kong government chose PCCW in 1999, without competitive bidding, to develop the HK$15.6 billion commercial, retail and residential project that was intended to be Hong Kong's answer to California's Silicon Valley. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Old Farts by the Sometimes-United Nations. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... A view of downtown San Jose, the self-proclaimed Capital of Silicon Valley. ...

Critics see the Cyberport as a real estate project dressed up with IT elements. Recently, the promotion of residential properties in Cyberport has attracted far more attention than the technology-related development that it is supposed to nurture. Look up It in Wiktionary, the free dictionary. ...

PCCW is trying to find new growth avenues after losing its telephone monopoly in Hong Kong and has high hopes for its Cyberport project.

Financing

By the end of 2002 PCCW had invested a total of HK$3.89 billion in Cyberport. For album titles with the same name, see 2002 (album). ...

External links

• Official website
• Report on the controversy
• Commentary on Cyberport