Yuen Long Industrial Zone 5 residential projects involving 2,500 units
Tung Tau Industrial Estate in Yuen Long has gradually transformed into a mixed residential and commercial area. Five residential projects have been completed and completed, involving over 2,500 builders. However, the owners of industrial buildings in the area continued to apply for the redevelopment of commercial buildings including Star Commercial (01560) Project Hongfang, is the sale of uncompleted flats.
Tung Tau Industrial Area is adjacent to Long Ping Station of West Rail and covers an area of about 2 million square feet. To speed up the transformation and development, the Government rezoned to commercial and residential development for many years along the Yee Yip Street and Yee Yip Street areas. Yee Tung Street, Happy Street and Hong Yip Street are zoned “Other Designated (Commerce)” uses.
Jun Jia Plaza Shen Jian Lian base commercial buildings
Among them, Hongye South Street No. 22 Industrial Building project about 3 years ago purchased from Star Properties, and then apply for rebuilding into a commercial building, named Hong Fang, the building floor of about 110,000 square feet, for the region in the past 15 years the first new commercial buildings . The second floor of the project is a shop, and the above floors are office buildings. Some fine units for the month were launched for demolition and sale.
Located at Jun Jia Square, 16 Yee Yip Street, the owners of industrial buildings apply for alteration to one 9-storey basement commercial building for office, retail and parking development. The ground floor of the project has a ground floor shop, ground floor to 3rd floor and ground floor Parking garage for the 4th floor and above for office use, with a total gross floor area of 167,000 square feet.
Hongye West Street warehouse to provide 450 units
However, at the end of 2015, the government awarded the commercial sites of Hong Yip Street and Hong Yip Street at the junction of Hong Yip Street and Shun Yip Street. As announced by developer (00083), the maximum gross floor area of 497,000 square feet of land can be built, Commercial projects, plans to build a Class A commercial buildings. If a number of redevelopment projects are implemented, it is expected that the transition to the same district will be further accelerated.
As for the land for comprehensive development in the area of Tak Yip Street and Yew Fai Street, the development of residential developments has mainly shifted in recent years. Including Ka Wah (00173) and Long Ping Station, Long Ping 8, involving 912 partners, together with the representation of Sun Di (00016) and Hong Fu Court, both of which are co-development projects. Has been on sale.
In addition, apart from the Lai Sun Yuen Long Center, Star Real Estate acquired Hongye West 21 warehouses, the last quarter to apply for the reconstruction of a 22-storey high-rise residential and a two-story clubhouse, will provide 450 small and medium-sized units, The total floor area of about 184,000 square feet. Five residential development projects brought more than 2,500 units to the area, bringing the new commercial and residential complex to a new shape.
According to government statistics, the population of Yuen Long from 500,000 in 2002 is expected to rise to about 650,000 by 2018, an increase of 30%. It is believed that residents’ demand for supporting commercial, retail and leisure facilities in the area is also Relatively enhanced, the area will show a new look.