Xingsheng created Pingshan project Shenkang high limit for 162

In recent years, Yuen Long has repeatedly established new public or private residential development projects to attract developers to land on the land for residential development. Xingsheng Creation (00896) recently applied to the Town Planning Board to provide a plot of 8.1 residential units for a residential development with a site area of ​​about 81,000 square feet in Pingcung New Village Road, Ping Shan, Yuen Long.

Building a nine-story, 6-story, high-rise home

According to the documents of the Town Planning Board, the site is located at the junction of San Tsuen Road and Tai Fung On Road, Yuen Long. It is a section of the 121st section of the survey. It is adjacent to Po Shan Estate and is about 10 minutes walk from LPG Ping Shan Station. About 81,000 square feet, the current planning for “residential (Group B) 1” land, the upper limit of the plot ratio is 1 time.

Xingsheng has created a new application to the Planning Department to increase the destination ratio by 20% to 1.2 times. The height limit will be relaxed from the current “1 floor parking lot plus 4 floors” and 15 meters to 6 floors and 20.5 meters. Construction of 9 6-storey high-rise houses and a 2-storey high-rise clubhouse with a total floor area of ​​approximately 97,000 square feet, providing 162 groups for approximately 465 people. The developer considers that the new scheme can optimize the development potential of the site. It is in line with the Government’s policy of increasing housing supply. It has also considered technical assessments in terms of transport, environment and sewage. It is considered to be feasible at the technical level.