The potential supply of Tin Shui Wai is over 10,000

The New Territories is a major residential supply town in Hong Kong. However, it was once a residential supply warehouse in Tin Shui Wai. In the past 10 years, there have been no new private residential sales. In recent years, there have only been three self-selling surface and railway projects. A total of 5,746 people are expected to be the fastest. It will be available for sale only two years later. At present, Cheung Kong (01113) intends to redevelop the Kingswood Harbour Plaza Hotel as a residential property, which will increase the residential supply in the district to over 10,000. It will once again become one of the market focus.

SHKP’s 3 projects account for 5,746

In July 2014, the Government sold two adjacent residential sites in Areas 112 and 115 of Tin Shui Wai adjacent to the Hong Kong Wetland Park. In February 2015, the MTR (00066) approved the Tin Shui Wai Tin Wing Station project. All of the new land (00016) whales in about half a year, becoming the new landlord of Tin Shui Wai in the next few years.

According to the land sales data of the year, the above three plots could have been built for a total of 3,970 units. However, after winning the land, SHKP actively revised the project design and unit size, which increased the number of units that could be built to 5,746, an increase of 44.7%.

Among the 112th and 115th districts, the latest can be built in 2031 and 1777, which is an increase of more than 50% compared with the originally planned 1330 and 1140. The two large residential projects will build 16 bungalows and 60 tiered residences. It is the largest private housing estate in the district after the Jiahu Villa. As for Tianrong Station, 1938 people can be built.

At present, Cheung Kong intends to redevelop the Jiahu Haiyi Hotel. It is expected to provide 5,000 residential units, together with three projects under construction in Xindi, and four residential sites will provide 10,746 potential supply to Tianshuiwei District.