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RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong
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Government to provide 1,600 flats by tender

They will be sold in the first quarter of 2018.

Two residential sites in Kai Tak and Tsing Yi will be sold by public tender in the January-March quarter, according to a press release.

The sites are sold as part of the government’s land sale plan for the last quarter of the current financial year and will provide a total of 1,600 flats. 

"The Government will continue to identify additional suitable sites for development to cater for the community's needs for private housing and space for economic uses," said Secretary for Development Michael Wong.

The government's 2017-18 Land Sale Programme comprises 28 residential sites with potential for sale, capable of providing about 18,910 flats. Among the remaining 17 sites with potential for sale, the rezoning procedures for 10 sites are in progress and expected to be completed over the next two years. 

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