Media365
The Hong Kong government will launch a single residential site in Kowloon for tender in its third financial quarter, as authorities focus on the Northern Metropolis to launch new land sales as soon as the end of this year.
A plot measuring 40,902 sq ft at Choi Hing Road, Jordan Valley, will be made available via tender in the December quarter, enough to provide about 570 average-sized flats, according to the Secretary for Development Bernadette Linn Hon-ho.
That launch would come after the government rolled out a mid-sized residential plot – measuring 70,000 sq ft, providing about 780 flats – at the junction of Wing Shun Street and Texaco Road in Tsuen Wan in the previous fiscal quarter.
The plot in Kowloon was one of the eight residential sites that Financial Secretary Paul Chan Mo-po had earmarked for sale in the 2025-26 financial year in his budget speech in February. These plots were expected to provide about 4,500 private flats.
It was originally designated for government, institutional and community uses, but is currently undergoing rezoning, Linn said in a press conference on Thursday.
“The private market remains buoyant, and the government will continue to assess the situation carefully,” she added.
