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Land sale plan announced

(To watch the full press conference with sign language interpretation, click here.)   Secretary for Development Michael Wong announced the Government's 2021-22 Land Sale Programme today.   Fifteen residential sites are on the list. Four are on Hong Kong Island, one in Kowloon and 10 in the New Territories. They will provide about 6,000 units.   There will be three railway property development projects - two in Tung Chung and one in Tseung Kwan O Pak Shing Kok which can provide about 4,050 flats.   Meanwhile, the Urban Renewal Authority (URA) plans to take forward six projects, providing about 3,170 flats.   Mr Wong said: "Taking also into consideration the forecasted land supply from the projects of the MTR Corporation and the URA, as well as private development/redevelopment projects, the total potential private housing land supply in 2021-22 is estimated to have a capacity to produce about 16,500 flats."   He noted that the actual supply of private housing l

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Kai Tak site sold

The tender for a Kai Tak site has been awarded on a 50-year land grant at a premium of $10.28 billion, the Lands Department announced today.   New Kowloon Inland Lot No. 6604 at Kai Tak Area 4E Site 2 was awarded to City Champion Investments, a subsidiary of CK Asset Holdings.   It has a site area of about 10,948 sq m and is designated for non-industrial purposes, excluding office, godown, hotel and petrol filling station.   The site’s minimum and maximum gross floor areas are 36,129 sq m and 60,214 sq m.
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