Quarterly land sale plan unveiled
Secretary for Development Bernadette Linn said today the Government will put up for tender a residential site at Choi Hing Road, Jordan Valley, Kowloon that can provide about 570 flats.
Unveiling the quarterly land sale programme for October to December, Ms Linn said the selected site is situated in a mature urban neighbourhood at New Clear Water Bay Road with comprehensive surrounding facilities and a traffic network.
The site is originally zoned as "Government, Institution or Community" and the Government is rezoning the site for "Residential" use and expects the procedures to be completed within the quarter.
The Government will require the developer of the site to set aside part of its floor area for social welfare facilities. Separately, the relaxation of the gross floor area (GFA) exemption arrangement for car parks in private developments, as announced in 2025 Policy Address, will be applicable to this residential site. The developer is not required to construct underground car parks to enjoy full GFA exemption for no more than two storeys of above ground car parks. The measure would help lower construction costs and shorten construction time.
Apart from government land sale, residential land supply this quarter also includes Tuen Mun Area 16 Station Package One property development project that was recently put up for tender by the MTR Corporation, capable of providing around 1,280 flats.
As for private development and redevelopment projects, eight projects are expected to complete the land administration procedures in this quarter, providing a total supply of around 4,570 flats.
Among them, two projects are larger in scale and located in an area of high development potential in the Northern Metropolis, including a land exchange case at Hung Shui Kiu Area 19B in the Hung Shui Kiu/Ha Tsuen New Development Area, providing around 1,900 flats; and another case in Sheung Shui, providing over 2,500 flats.
Taking all sources of land supply into account, the total private housing land supply in the third quarter of this financial year would support the development of around 6,420 units.
Together with the supply from the first two quarters, the total private housing land supply of the first three quarters of this financial year is expected to support some 12,430 units, which is around 94% of the annual private housing supply target.
Ms Linn said she is pleased to see the good progress in supply and the rather active performance of private development projects this year.
The Government will continue to sustain its effort in rolling out land in a prudent and pragmatic manner and will flexibly adjust its land disposal strategy according to market situation, in order to meet the development needs of society, she added.