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2026-06-26 14:16:58 The Lands Department announced yesterday (25th) that it will post the fifth batch of land resumption notices for Phase 2 development of the Hung Shui Kiu/Ha Tsuen New Development Area, involving the resumption of 71 private land lots with a total area of approximately 365,000 square feet. The 71 private land lots will revert to government ownership three months after the notices are posted. The government will grant ex-gratia land compensation to the relevant landowners after the land reverts to government ownership. Among four projects jointly developed by HENDERSON LAND (00012.HK) and SHK PPT (00016.HK), two have withdrawn their in-situ land exchange applications, while the remaining two require the government to resume a small portion of third-party land within the project sites, according to media reports. ~ AASTOCKS Financial News Website: www.aastocks.com | |