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RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong
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Take your pick: 5 housing sites up for grabs

It is estimated that the sites will provide 430 flats in the first quarter next year.

According to a release, Secretary for Development Carrie Lam says the Government will sell five low-density residential sites and one business site by tender in the first quarter next year.

Speaking to the media today, Mrs Lam said despite the encouraging and positive results of the Government’s land-sale programme so far this financial year, it will continue to sell sites in the final quarter to demonstrate its commitment to continue to supply land on a steady basis to meet housing demand.

Among the residential sites, four are low-density housing sites located in Repulse Bay, Clearwater Bay, Peng Chau and Tuen Mun. The remaining one is a sizeable site in Ap Lei Chau. It is estimated the five sites will provide 430 flats.

The business site is in Tin Shui Wai, which Mrs Lam said she hopes will inject economic activities into the town and create job opportunities.

The residential site at the former North Point Estate will be sold in the new financial year, while the hotel site of the lot has been added to the Application List.

During the first three quarters of the year, taking into account two sites about to be sold by tender, the Government will have sold 22 residential sites.

Together with the West Rail sites, the housing projects carried out by the Urban Renewal Authority and Housing Society, lease modifications by private developers and private urban-redevelopment projects, more than 20,000 residential units will have been provided, meeting the Chief Executive’s target of an average supply of 20,000 flats annually.

The Government has also supplied six commercial sites, providing total floor space of almost 30,000 square metres.

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