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| HONG KONG | <Search <Archives <eBulletin Next> | ||
July 16, 2025 A residential site in Tsuen Wan will be sold by auction The HKSAR Government will put up for tender a residential site in Tsuen Wan that can provide about 780 flats. Unveiling the Land Sale Programme for the second quarter of this financial year, Secretary for Development Bernadette Linn said the site is situated in a mature neighbourhood with comprehensive surrounding facilities and traffic network.
“Regarding the overall supply for the second quarter, taking into account this Tsuen Wan site, together with six other cases involving lease modifications, we should be able to turn out land capable of supplying (about) 4,950 units in this quarter.”
She pointed out that one is a land exchange case at Hung Shui Kiu Area 34B in an area of high development potential in the Northern Metropolis and would foster the development of the area along with the planning of Hung Shui Kiu/Ha Tsuen New Development Area.
The development chief also said that taking into account the supply from the first quarter, the total private housing land supply of the first half of this financial year will reach about 6,000 units, which is around 45% of the annual supply target.
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