Photo from Freepik.

Mei Tin Road site in Tai Wai up for sale via tender

The site was later added to the land sale programme due to positive market responses.

A residential site on Mei Tin Road in Tai Wai will be up for tender, providing around 360 flats, Development Secretary Bernadette Linn announced.

The site was not part of the original 2024-25 Land Sale Programme but was included in the third quarter due to positive market responses to residential land sales in Sha Tin in the first two quarters, along with developers' growing interest in smaller-scale sites with good transportation and amenities.

Additionally, the MTR Corporation (MTRC) plans to tender its Tung Chung East Station development project this quarter, bringing about 600 flats. The MTRC had reduced the project's scale to half of its original size after first tendering the site in October 2023.

For private development and redevelopment, three projects are expected to complete their lease modifications in the third quarter, contributing 1,235 flats, with a significant portion from an in-situ land exchange application in Fanling North New Development Areas.

In total, the third quarter's private housing supply will involve around 2,200 flats. Combined with the supply from the first two quarters, the total for the financial year’s first three quarters will reach about 6,470 flats, nearly 50% of the annual target of 13,200 flats.

Additionally, the Development Bureau plans to tender an industrial site in Hung Shui Kiu for multi storey buildings this quarter, adopting a two-envelope approach for its disposal.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
Economy
HK Express, AXA offer parametric delay benefit
If a flight is delayed by 90 minutes or more, passengers can claim a worldwide lounge pass.
Insurance
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.

Exclusives

Hong Kong seeks prescription for nursing shortage
The city must improve working conditions and offer nurses better pay.
Healthcare
Hong Kong needs more underwriters in marine insurance
The city may have to ease immigration rules to attract talent. 
Hong Kong, China told to ban ‘zero-dollar’ tours
Retailers should improve customer service and create unique experiences to stay in the game.