Annual supply of 11,850 units was a 10-year low, this season pushed to three places

The government’s pace of land promotion is now slowing down

The Development Bureau yesterday announced the land sale plan for this quarter (January to March). It launched three residential sites in Kwun Tong and Mong Kok. Together with the URA project, it involved a total of 2,030 units. However, the supply for the whole year was 11,850 units, which was close to 90% of the supply target, and failed to meet the target, setting a new low since the tenth fiscal year.

The Secretary for Development, Mr Wong Wai Lun, said yesterday that three government residential tenders will be launched this season, involving a total of 1,850 units located at Anderson Road, Kwun Tong, at the junction of New Reclamation Street and Shanghai Street in Mong Kok, and in Mong Kok. The junction of Shanghai Street and Shanghai Street, of which Anderson Road has the largest land, is expected to provide about 1,720 units, including 1,000 “Hong Kong people’s first home purchase” project units, and sell them to eligible persons at below market prices . Compared with the 980 units provided in the previous quarter, the number has increased by 88% quarter-to-quarter.

As for the URA also launching a project at the junction of Tokyo Street and Fuk Wing Street in Sham Shui Po this season, 180 units can be provided. Including the three residential sites mentioned above, a total of 2,030 units will be involved.

Three residential sites involved 1850

He further pointed out that the supply of private property in the first three quarters of this financial year involved 9,820 units. Together with the supply of residential land and the URA this season, it involved 11,850 units, accounting for the entire year of the government. The supply target is 13,500 units, about 87%, and whether the target will ultimately be met depends on whether there will be more private reconstruction projects this season.

At present, there is still a plot of land in the Ma Po Road in Tai Po involving a thousand units that has not yet been launched. He pointed out that because the site is undergoing post-clearance work, it could not be launched within the season and it needs to be delayed by another quarter. If the land can be launched in time for the season, the supply for the whole year has reached the standard, and there is no need to rely on private reconstruction projects, and the government will continue to increase land supply in a multi-pronged manner.

However, according to statistics, the supply of private property in the current fiscal year was 11,850 units, a record low for ten financial years since the introduction of the active land sale mechanism in 2010, and at the same time compared with the previous fiscal year. There were 14,540 groups, down about 18%.

Kai Tak Commercial Land

In addition, although the commercial site in the Kai Tak runway area was tendered last year, the commercial site in the Kai Tak 2A area is still launched this season. Huang said that the floor area is about 1.13 million square feet, of which about 10% of the floor area Must be used as facilities for the elderly, and the land is located in the sports park area and covers the Songwangtai Station of the MTR Shazhong Line. He believes that the traffic is superior to the land in the runway area. In addition, the commercial site of West Kowloon Station of the High Speed ​​Rail was also successfully sold earlier The city is confident.


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