The Development Bureau announced today that an open tender will be launched tomorrow for a pilot area under large-scale land disposal in the Hung Shui Kiu/Ha Tsuen New Development Area (HSK) of the Northern Metropolis.

This pilot area covers about 11 hectares, comprising three residential sites and three Enterprise & Technology Park (E&TP) sites. Together, they can supply about 3,120 flats, and about 280,000 sq m of industrial floor space.

Secretary for Development Bernadette Linn told reporters this afternoon that a two-envelope approach will be taken, given the industrial orientation of the Northern Metropolis. This means that bidders will be asked to submit their technical and financial proposals separately.

She stated: “The weighting for land premium is only 30 per cent; the remaining 70 per cent is for non-premium proposal where the assessment criteria focus on the development of the E&TP sites, including whether strategic industries are developed, whether leading enterprises are introduced, development speed, investment scale, employment opportunities to be created, etc.”

Tenderers must bid to develop and operate one E&TP site and can opt to develop and operate one or both of the E&TP sites at the same time. A tenderer willing to tender for and operate more industrial sites will get higher marks.

The successful tenderer can elect to pay 25% of the land premium within 28 days of the tender being awarded and settle the remaining 75% within three years, with no interest charged during this period.

Moreover, tenderers that elect to pay the land premium in stages will be allowed to offset up to 75% when surrendering land within the Northern Metropolis that the Government intends to resume.

Ms Linn said these arrangements can reduce cash flow pressures on enterprises.

The tender invitation will last for a period of about six months, closing on July 3, 2026.

Land sale documents will be made available tomorrow on the Lands Department's website.