The Development Bureau announced today that the Government has decided to cancel the tender for two sites in Yuen Long and Hung Shui Kiu and proactively utilise the sites according to the Government’s development strategy.

Yuen Long Town Lot No. 545 was handed over to the Hong Kong Science & Technology Parks Corporation (HKSTPC), while Hung Shui Kiu Town Lot No. 10 has been put into the Development Bureau's policy study.

The tenders of the Yuen Long Lot and the Hung Shui Kiu Lot were launched under the two-envelope approach in March and October 2024 respectively for the development of multi-storey buildings for modern industries. The tender invitation for the two sites was originally to close on July 25, 2025.

The Development Bureau explained that taking into account the views of the innovation and technology sector and the logistics sector on the industry development strategy in the area, as well as the Government's planning strategy for the Northern Metropolis, the Government decided to cancel the tender for the two sites and proactively utilise such sites in accordance with its development strategy, enabling the greater play of the sites in promoting industry development.

The three-hectare Yuen Long Lot is situated within the vicinity of the Yuen Long InnoPark and the Microelectronics Centre therein. The Yuen Long InnoPark is operated and managed by the HKSTPC.

To cater for the HKSTPC's plan to establish a vibrant microelectronics ecosystem within the Yuen Long InnoPark, the Government has seized the opportunity to convert the Yuen Long Lot to innovation and technology use. The Innovation, Technology & Industry Bureau will further discuss with the HKSTPC to draw up a concrete development proposal.

On the other hand, the Development Bureau has been exploring the establishment of a company led by the Government to build and operate an industrial park, involving some of the logistics sites in Hung Shui Kiu.

The study will cover around 15 hectares of industry sites situated in the northern part of Hung Shui Kiu, and the eight-hectare Hung Shui Kiu Lot is exactly adjacent to this 15-hectare area of industry land.

Incorporating the Hung Shui Kiu Lot in the study will endow the industry park company with more ample land resources to achieve economies of scale in the future.

The Development Bureau will complete the study within this year and subsequently commence the work for the establishment of the company.