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March 18, 2019

Yuen Long residential site sold to Lai Sun
The tender for a Yuen Long residential site has been awarded on a 50-year land grant at a premium of $209.8 million, the Lands Department announced on March 13. The Tai Kei Leng site was awarded to Gold Fusion Limited, a subsidiary of Lai Sun Development Company Limited. With a site area of 1,119 sq m, the lot is designated for private residential purposes. The minimum and maximum gross floor areas are 2,350 sq m and 3,916.5 sq m.
     The Buildings Department approved 27 building plans in January - seven on Hong Kong Island, six in Kowloon and 14 in the New Territories. Eight were for apartment and apartment-commercial developments, nine for commercial developments, four for factory and industrial developments, and six for community services developments.
     Consent was given for work to start on 12 building projects which will provide 86,500 sq m of gross floor area for domestic use involving 1,602 units and 66,350 sq m of gross floor area for non-domestic use.
     The department issued 16 occupation permits - two on Hong Kong Island, five in Kowloon and nine in the New Territories.
     Buildings certified for occupation have 41,726 sq m of gross floor area for domestic use involving 421 units and 38,456 sq m for non-domestic use. The declared cost of new buildings completed in the month was $2.6 billion.

Newly completed residential projects in Tsuen Wan West

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