Siu Ho Wan car depot residential floor 11.2 million square feet
Following the construction of the Osho Bay Depot Project, the largest railway project behind Sunrise Cannes in Tseung Kwan O, the project will provide about 11.2 million square feet of residential floor plans. It is estimated that about 14,000 can be built with an average area of 800 square feet and a market valuation of over 500 100 million yuan.
The government has actively increased the supply of housing. In recent years, it has listed the Siu Ho Wan Vehicle Depot as a potential railway development project. The initial plan will be implemented in four phases, providing about 14,000 units. The first batch is expected to start operation in 2026 and the entire project will be completed by 2038 .
The proportion of unknown public-private housing can live 38,000 people
According to the MTRCL, the Siu Ho Wan depot project will develop residential, commercial and community facilities in the upper section of the site, covering an area of about 3.229 million square feet. Among them, about 11.2 million square feet of residential floor space will be constructed and 108 towers 15 To 22-storey residential buildings, about 14,000 or about 800 square feet of each group, temporarily unknown public-private housing ratio, but is expected to accommodate about 37,800 people.
The industry expects the floor price per square foot of the project to be around $ 4,500, calculated on the basis of about 11.2 million square feet of residential floor space. The estimated market value of the project is over $ 50 billion. If through planning, as soon as possible to start construction in 2023, about 2-3 years after the launch of the land.
In addition, the project will provide about 323,000 square feet of retail floor space and a host of community facilities including 3 schools, 4 kindergartens and public transport interchanges, an estimated 43,000 square feet of social welfare facilities will be reserved and At least 814,000 square feet of open space for future use by residents.
Sewage treatment works must comply with government regulations
Due to the fact that Siu Ho Wan is located in the water quality control zone in the northwestern part of the country and is located in the more ecologically sensitive areas such as Tai Ho River, coral communities around Shammon Island and Ma Wan Fish Culture Zone, the relevant water quality and sewage treatment works are subject to government regulations.
In addition, the government has set up a recycling center for organic resources and set up an ashes resettlement site to the west of Sham Shui Po to provide 26,000 columbarium niches. An additional Oshwa Bay Station will be set up to link with urban traffic and the construction work will commence as soon as next year. . The Town Planning Board will consider the draft Outline Zoning Plan on this Friday