2 sites to provide 630 flats

September 28, 2020

(To watch the full media session with sign language interpretation, click here.)


The Government will sell two residential sites by tender in the October-December quarter that will provide about 630 flats.


Briefing the media today on the Government’s land sale programme for the third quarter of the 2020-21 financial year, Secretary for Development Michael Wong said one of the residential sites is at the Peak and the other is in Kai Tak.


The Mansfield Road site at the Peak will be divided in two parcels for disposal. The first one, to be tendered in the third quarter, can provide about 240 flats.


The site in Kai Tak is located on the old runway and can provide about 390 units.


In addition to Package 5 of the Mass Transit Railway’s Wong Chuk Hang Station project and other private projects, the total supply in the third quarter will be about 2,780 units.


For commercial sites, the Government will sell by tender Site 3 at the New Central Harbourfront, which was originally planned for tender in the second quarter.


Mr Wong said its sale will adopt the rather uncommon two-envelope approach that features a design tender and a price tender.


“Site 3 is a very valuable and very strategic piece of land. Not only will it provide us with substantial Grade A office area which is good for long-term economic development, it will also act as a connecting landscape corridor linking our new harbourfront with various parts of Central. So its value goes way beyond just the amount of money.


“So the question of discount did not arise for the Government. For us, it’s always been a market-led approach.”


He said the tender documents are complicated and the Government will need more time to complete the necessary work as a result.


The Government will also put up for sale one industrial site in Fanling in the third quarter, capable of providing about 20,100 sq m of gross floor area.


Mr Wong added that the Government would continue to increase land supply through a multi-pronged approach to meet the community's needs for housing, economic and social development.

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