ebulletin

January 20, 2023
13 building plans approved in Nov

The Buildings Department approved 13 building plans in November - two on Hong Kong Island, six in Kowloon and five in the New Territories. Of the approved plans, eight were for apartment and apartment-commercial developments, two for commercial developments, one for factory and industrial developments, and two for community services developments.

Consent was given for works to start on 11 building projects which will provide 210,471 sq m of gross floor area for domestic use involving 2,595 units and 83,060 sq m for non-domestic use.

Additionally, the department received notification of commencement of superstructure works for nine building projects. The department also issued 16 occupation permits - three on Hong Kong Island, five in Kowloon and eight in the New Territories. Buildings certified for occupation have 53,034 sq m of gross floor area for domestic use involving 1,355 units and 168,627 sq m for non-domestic use.

22 land transactions in Q4

The Lands Department today announced that it registered 22 lease modifications and six land exchanges in the Land Registry during the quarter ending December 2022, of which eight were technical changes involving no premium.

Five are located on Hong Kong Island, 11 are in Kowloon and 12 are in the New Territories. Another two lots were granted by private treaty during the period. One was granted to the Urban Renewal Authority for residential development in Sai Ying Pun and the other was granted for commercial development in Pok Fu Lam.

The transactions realised a total land premium of about $15.084 billion.