Gov’t Q2 land sale plan unveiled

Gov’t Q2 land sale plan unveiled

The Government will sell by tender three residential sites and one business site in the second quarter, which can provide about 5,100 flats, Secretary for Development Paul Chan announced today.

Meeting the media on the land sale programme for the coming three months, Mr Chan said the three residential sites are located in Pak Shek Kok, Tuen Mun and Tsing Yi and can provide 1,650 flats.

While the business site is at Shek Mun and can provide about 16,000 square metres of commercial space.

Mr Chan noted that the supply would come from Government land sales, railway property developments and Urban Renewal Authority projects.

The Yuen Long Station and LOHAS Park Package 8 projects will be tendered this quarter and are expected to provide up to 3,310 flats.

While the URA will also invite tenders for its Sai Wan Ho Street project in Shau Kei Wan this quarter, which is capable of providing 120 flats.

Mr Chan noted that since the URA is assessing the feasibility of providing subsidised sale flats at its Ma Tau Wai Road/Chun Tin Street redevelopment, the project has been excluded from April to June’s land sale supply statistics.

The private housing land supply in the first half of 2015-16 can provide around 9,600 flats, about half of the full-year target of 19,000.

“The Government will closely monitor the market situation and spare no efforts in identifying more suitable sites for development. The objective is to provide a steady, sustained land supply to the market to cater for the community’s demand for private housing, commercial or business sites,” Mr Chan said.

The rezoning procedure has been completed for two residential sites on Castle Peak Road – So Kwun Wat, Area 48, Tuen Mun, which can provide 2,600 units, and they have been added to this financial year’s land sale programme, he added.

 

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