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DEVB: Residential Site on Fat Kwong Street, Ho Man Tin to Be Launched This Qtr Involves 250 Units; This Yr's Supply Target Likely to be Met in Advance
2026-07-10 17:08:31 Secretary for Development, Bernadette Linn, briefed the media on the land sale programme for 2QFY26 (July-September 2026). A small-to-medium-sized residential site at Fat Kwong Street, Ho Man Tin, will be launched for tender and is expected to provide about 250 units. In addition to government land sales, other supply sources include Phase 2 of the Tuen Mun Area 16 Station project to be launched by MTR CORPORATION (00066.HK), which is expected to provide about 5,510 units. The Urban Renewal Authority has also launched the development project at Bailey Street / Chi Kiang Street Project, which is expected to provide about 1,220 units. In addition, three private land development projects are expected to complete land lease modifications, providing about 90 units. Linn added that adjusted private housing land supply for the previous fiscal year, namely FY2025/26, amounted to about 16,865 units, exceeding the annual supply target by 28%. Considering the timing of the government's Northern Metropolis and railway property development projects, coupled with more active private market transactions and developers becoming more proactive in land bidding and project advancement, the government estimates that this year's supply target may be achieved ahead of schedule or even exceeded. ~ AASTOCKS Financial News Website: www.aastocks.com | |