Stable market:
Secretary for Development Carrie Lam briefs the media on increasing housing land supply.
Stable market:
Secretary for Development Carrie Lam briefs the media on increasing housing land supply.
6 sites to be sold in Q3
May 25, 2012
Secretary for Development Carrie Lam today announced that six residential sites will be sold in the next quarter. Together with two West Rail property development projects to be tendered in the same period, about 5,000 flats can be provided.
Briefing the media today, Mrs Lam said the sites to be sold include two at Peng Chau, one at Sha Tin Kau To, two at Tseung Kwan O and one at Ma On Shan. They can produce about 1,800 flats.
"To better safeguard the quantity of flat supply, we will continue to require developers to provide a certain minimum number of flats at the three sites in Tseung Kwan O and Ma On Shan."
She said the MTR Corporation will tender the Tsuen Wan West Station TW5 (Bayside) and the Long Ping Station (North) projects between July and September.
"The two projects could provide about 3,216 flats, about 58% of which will be small and medium-sized flats of a saleable area of not more than 50 square metres. Together with these two West Rail projects, the housing land to be supplied by the Government in the July to September quarter could produce about 5,000 flats in total."
Mrs Lam said railway property development projects continue to be an important source of housing land supply other than selling the sites on the Application List.
"Apart from the two Tsuen Wan West Station TW5 (Bayside) and the Long Ping Station (North) projects, the revised schemes for the two West Rail projects at Tsuen Wan West Station TW6 and the Long Ping Station (South) have made good progress."
She said the projects will be ready for tendering in 2012-13. The two projects could provide about 1,614 flats, about 59% of which will be small and medium-sized flats.
