Changshi Fenglewei approved the construction of 19 residential buildings, the total floor area of 1.59 million , involving 1958 large units
A number of new developments in the New Territories have been launched. The developers have also stepped up their projects in the vicinity. The large-scale development of the Yuen Long Estate in Yuen Long (01113) has been approved by the Buildings Department. The 19-storey residential building with a total floor area of nearly 1.6 million square feet represents an important step for the project. Together with the Fung Lok Wai project, Cheung Kong is working on at least three residential projects in Yuen Long and Tin Shui Wai. It can provide a total of over 7058 flats, which is equivalent to the annual supply target of private housing under the Long Term Housing Strategy of over $15,500.
76 hectares for wetland conservation areas
The latest “Information Monthly" of the Buildings Department showed that the department approved 27 building plans in January this year. Two of them were large-scale developments with a total gross floor area of over 1 million square feet. Attention, the Buildings Department approved the construction of 19 15- to 19-storey residential buildings on the first floor of the basement. It also has a two-storey guest rest facility with a total gross floor area of about 159.291 million square feet.
The area of about 80 hectares of Fung Lo Wan, near Tin Shui Wai Hong Kong Wetland Park, was developed by Cheung Kong in the early 1980s. It was approved by the Town Planning Board in 2013 and was approved for extension in 2017 to 2021. year.
According to the Town Planning Board, the residential buildings in Cheung Kong Estate are located at the southern edge of the site of Fung Loi Wan. They are adjacent to Yuen Long Wu Wu Estate and Fu Shun Street. They cover about 4 hectares and the remaining 76 hectares are wetlands. In the nature conservation area, it is estimated that about 1,958 residential units with an average effective area of about 814 square feet can be built. It is worth noting that the project is still subject to land premiums and other terms proposed by the Town Planning Board before it can be officially started.
In recent years, Cheung Kong has actively increased residential development projects through various channels. Among them, there have been at least three projects exposed in Yuen Long and Tin Shui Wai. In addition to the Fung Loi Wai, the Group applied to the Town Planning Board at the end of last year to redevelop the 1st and 2nd Blocks of Block No. 12 and 18, Tin Wan Road, Tin Siu Wai, Tin Siu Wai. The supplementary documents will be submitted in the month, and the Town Planning Board will be tentatively scheduled for review in mid-April.
In addition, the Lands Department completed the land premium for the site at the junction of Hong Yuen Road and Po Wan Road, Yuen Long, Yuen Long. In November last year, the Buildings Department approved the construction of five tiered flats and 51 flats in the site. The market estimate is that the project can Provide at least 100 people. Based on this calculation, the above three projects in Changshi are expected to provide more than 7058 residential units.
Only 9 people in January started to fall 83%
Other developers also have residential projects in the area. For example, SHKP (00016) has three residential sites in Tin Shui Wai, including Tin Shui Wai Light Rail Tin Wing Station, Tin Shui Wai Area 112 and Area 115, adjacent to the Wetland Park, and three The property involves a total of about 5,746 people.
Another large-scale project approved by the Buildings Department in January this year belongs to the first phase of the West Rail Kam Sheung Road Station, which was built by Xinhao (00083) and China Overseas (00688) and Ka Wah International (00173) in 2017. With a surface area of about 1,45,075 square meters, it is possible to build seven 16- to 17-story (two-storey basement) tiered houses. When the land was tendered, the authorities had expected that the land could provide no less than 1,652 people.
In addition, three projects were approved for commencement in January (subject to the Buildings Department’s notice of commencement of construction work on the superstructure). All of them are Hong Kong Island luxury residential projects. The total is only 9 groups, which is about 83% lower than the 54 people in December last year. .