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COMMERCIAL PROPERTY, RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong
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Tung Chung reclamation and advance works contract signed for $12.08b

The project will provide 49,000 residential flats and 870,000 sqm of commercial floor space.

As part of the government’s efforts to increase land supply in the medium to long-term, the Civil Engineering & Development signed a $12.08b contract for reclamation works in Tung Chung East and advance works for the Tung Chung New Town Extension project last January 10, according to a government press release.

The new town extension project will provide 49,000 residential flats and 870,000 sqm of commercial floor space.

It can also accommodate a population of up to 140,000 and create 40,000 employment opportunities.

Works began last year and will provide land in phases with an expected population intake by 2023.

Photo from Dennis Y.C. Wong - Own work, CC BY-SA 2.5

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