China Overseas JV wins $181m deal for Tuen Mun housing

The JV will operate the 4,200-unit Tuen Mun light housing project. 

The Housing Bureau has awarded a $180.67m operation and management contract for the Light Public Housing (LPH) project to the China Overseas Property Services Limited–Tung Wah Group of Hospitals Joint Venture.

The project—located at Tsing Fat Street in Tuen Mun—will provide about 4,200 units, with tenant intake expected in the third quarter of 2026.

The development includes a supermarket, convenience stores, catering facilities, launderettes, a fresh provisions shop, a hair salon, an activity room, a public transport terminus, and a promenade.

The bureau said it will oversee the operating organisation's pre-management work to support the application process, tenant intake, and the provision of community services after residents move in.

Secretary for Housing Winnie Ho said the experience of Tung Wah Group of Hospitals in operating LPH projects, together with China Overseas Property Services Limited's property management experience in public rental housing, would support the management of the project.

The bureau said eight of the 13 planned LPH projects have been completed, providing about 19,130 units. Of these, 9,650 units had reached full intake by the first quarter of 2026.

“We expect that about 10,670 more LPH units will be completed within 2026, whilst the remaining small batch of about 200 LPH units will also be completed in early 2027,” Ho said.

The additional completions would move the government towards its target of completing about 30,000 LPH units before 2027-2028, as set out in the Chief Executive's 2022 Policy Address.

The government had received about 41,600 applications for LPH as of early July.