the Buildings Department approved 21 building plans in June
Among them, Henderson Land (00012) was located in the agricultural land of Kam Loi Road in Yuen Long. It was approved to build 32 houses; and New World (00017) The two sections of Chek Lap Kok Space City, which are planned to cost about $20 billion, have also been approved to build five commercial properties.
The first batch of building plans for the commercial and residential development projects approved by the department in June, the majority of which were approved for the first time
The plan was approved in June. Covering an area of over 400,000 square feet, the project has been approved to build 32 two-storey high-rise houses and one guest clubhouse. The building can be built over 81,000 square feet. The redevelopment project of the old building at 34-38 Belcher Street, West Loop, which was co-developed by the company, was approved to build a 31-storey commercial and residential building.
In addition, Baoli Real Estate (00119) partner Shang Jia’s development of the Yau Tao Gaodao Road project, which was also approved to build a 39-storey commercial and residential building. A 2 storey high-rise house was approved for the house at 41 Kam Baron Road, Kowloon Tong, which was held by the Yu Peng Nian Charity Foundation. It was once the home of the late international martial arts superstar Bruce Lee and died here. In the past, the fans and the public have been striving to retain this property as a memorial. The plan is now approved, that is, the property should be demolished. In the approved project, Longguang Real Estate (03380) and KWG (01813) jointly awarded the plot of six tiered houses and two separate houses in the land of Lei Nam Road, Ap Lei Chau. Cancel the construction of independent houses and only build 6 tiered houses.
In the first half of the year, private housing started 2,719 people fell 67%
Of the four commercial projects approved for the month, New World’s A2 and A3 sites in the space city that had been granted development rights last year were approved to build five 7- to 8-storey commercial properties, four of which were built on a two-story platform. On the top, 1 building was built on a 4 storey basement with a total floor area of nearly 3.74 million square feet.
According to the developer’s earlier disclosure, more than 2.1 million square meters are for catering and retail use. The experiential entertainment facilities and office buildings each account for 570,000 square meters. The rest are public facilities and parking lots. The project will be completed in stages from 2023 to 2027. . The commercial landlord of Murray Road, Central, which was awarded by Hengdi, was also approved to amend the plan. It was built from a 35-storey building to a 36-storey commercial building.
In addition, according to the statistics of the research department of Lijiage, the number of private residential units started by developers in the first half of this year was only 2,719, which was a drop of about 67.5% compared with 8,360 in the same period last year, and it was the lowest in the same period in nine years.