18/5/2018-10

Only 14 sites in urban area

In addition to the former quarry at Anderson Road in Kai Tak Development Area and Kwun Tong, the supply of residential land in the urban areas is rarely seen in large-scale land development. According to the information of the Lands Department, there are only about 14 vacant sites in the urban areas that can be used for residential development in the long term, but there are a lot of luxury properties.

Individuals have the potential to develop residential vacant land

There are 5 similar lands in the Southern District of Hong Kong Island. The total land area is about 183,300,000 square feet. The initial calculation of the total number of buildings that can be built is about 544,600 sq.ft.

Pok Fu Lam Estate Price

The highest valuation of Hong Kong Island South is the site of the end of Pokfulam Bay Road in Pok Fu Lam. Located in the northwest of Baguio Wan, it is now a “Residential (Group C)” and “Green Belt” covering an area of about 169,000 square feet. However, since the surrounding area of the site is surrounded by green belts, the area for residential development is only about 102,300 sq.ft.. If calculated based on 3 times plot ratio, the building can be built with a floor area of about 307,000 sq.ft.. The land price can reach about 1.9 million yuan and the valuation is more than 5.8 billion yuan. The remaining four similar lands are located in the Central and Western Districts, with 2 on the Peak and Sheung Wan.