Media365
A consortium led by Sino Land, alongside state-backed mainland developers China Overseas Land & Investment and China Merchants Land, has won a tender for the Kam Sheung Road Station Phase Two development, signalling continued confidence in Hong Kong’s Northern Metropolis and its long-term growth prospects, particularly among mainland developers.
The group – which also includes Great Eagle Holdings – plans to invest more than HK$13 billion (US$1.7 billion) to build high-quality residential projects that align with the area’s infrastructure and industrial planning, according to the winning consortium, Charter Fame.
“As the first notable large-scale project in the Northern Metropolis, the Kam Sheung Road Station Phase Two property development is integral to the visionary blueprint, which is set to grow into an international I&T [innovation and technology] hub with boundless potential,” said Daryl Ng Wing Kong, chairman of Sino Land.
The site sits within the Northern Metropolis, a flagship initiative aimed at strengthening Hong Kong’s economic base and deepening integration with the Greater Bay Area.
Analysts said it was a good sign that Hong Kong property firms were collaborating with mainland developers to build projects in the Northern Metropolis.
