2024-05-17 28Hse Editor
The land supply in Hong Kong is insufficient, especially in the short-term supply shortage crisis. The northern metropolitan area has become the starting point for solving the "land shortage". In the consultation document submitted by the Planning Department to the North District Council, it was revealed that two pieces of Kwu Tung North land would be rezoned to provide 1,780 private houses in the future. Provide 4,300 units, providing a total of 6,080 units of public and private housing. In addition, in order to "relax" land in the New Territories, the Planning Department has proposed to relax the development density of existing residential land in Kwu Tung North and Fanling North. The development density of public housing land will be relaxed by 30%, and the development of private buildings by 20%, so as to speed up the increase in housing. Supply, to provide ammunition for Hong Kong people to "live in more spacious houses" in the future. ◆reporter Yan Lunle
When the SAR Government announced the "Northern Metropolitan Area" strategy last year, it proposed to rezone about 3 hectares of Kwu Tung North Science Park site for housing development. The land in Areas 32 and 34 will be rezoned to "Residential (Group B) 1", which will provide 1,780 units in the future, nearly 80% more than the initial estimate of 1,000 units. The two locations are located to the north of the Shuangyu River, and the north is Heshang Township. The 32nd district is larger, covering an area of 2 hectares, and the 34th district is about 0.9 hectares.
The market value of Kwu Tung North two rezoned sites exceeds 10 billion
The maximum plot ratio of the two places is set at 4.2 times, which is 20% more than the 3.5 times of the original general residential Category B land in the area. It is 70 to 75 meters high and is expected to have a total floor area of 1.311 million square feet. Looking through the information, Kwu Tung North has successively approved two sites in recent years. The floor price per square foot is about 7,183 to 8,499 yuan. Based on this calculation, the market valuation of the above two places will exceed 10 billion yuan in total, and there may be opportunities to sell it next year. within the surface.
As for Fanling North, the Planning Department proposes to rezone or expand the public housing sites in Fanling North Areas 5 and 6 to provide 4,300 units. The two sites are located to the south of Wutong River and north of Fengxi Primary and Secondary School. The larger District 5 will be rezoned for "Residential (Type A) 5" use, with a site area of 2.5 hectares and a proposed maximum plot ratio of 4.85 times. The proposed building The height of the object is 95 meters to 110 meters, and it is expected to provide 2,400 units. The authorities also suggested that a nearby site be rezoned for community use to build facilities such as a gymnasium and a refuse collection point, and the height should be relaxed to 8 storeys.
Another smaller site in Fanling North Area 6, covering an area of about 1.5 hectares, is proposed to be enlarged and rezoned to "Residential (Type A) 6". The proposed maximum plot ratio is 6.5 times, and the building height is 145 meters, providing 1,900 units. The government pointed out that the plot ratio of the original housing land has also increased due to the rezoning of the land. Looking through the information, the original plot ratio of the land was 5 times, in other words, taking advantage of the opportunity of this rezoning of the land use, the relevant plot ratio increased by 30% compared with the previous one.
Man Kam To Road West Land Rezoned as a Logistics Site
At the same time, in order to support the development of the modern logistics industry, the authorities propose to rezone a 5.18-hectare "government, institution or community" site west of Man Kam To Road in Fanling North District 3 to "other designated (logistics facilities)" use. The plot ratio is 7 times, and the buildable floor area is as high as 3.9 million square feet, which is comparable to the airport logistics center (nearly 4.1 million square feet). Other revisions in Kwu Tung North and Fanling North also include the expansion of the proposed Kwu Tung North Hospital, Police Station and Married Police Quarters, as well as the addition of a government complex.
It is worth noting that the Government has reviewed the development densities of residential land in Kwu Tung North and Fanling North, and proposed to relax the development densities of public housing and private housing sites by 30% and 20% respectively. It can be seen from the proposal of the Planning Department that the relaxation practice has already begun.
Henderson's Fanling North has a buildable floor area of 4.4 million square feet
On the other side, Lin Damin, general manager of Henderson Property Agency Sales (I) Department, said that the group is very confident in the prospects of the Fanling North New Development Area, and there are 6 adjacent plots in the area, with a total buildable floor area. It reaches 4.4 million square feet, which is huge. The Group has planned 6 major projects, among which the upcoming project Site A is the first project in the Fanling North New Development Area, consisting of 5 residential towers, providing a total of about 1,600 residential units, and the remaining 5 projects will be launched in succession.
Study finds 2,220 hectares of homestead still in short supply
As for the land and housing report released by "Speak Out for Hong Kong" yesterday, it stated that the existing residential land is still in short supply by 2,220 hectares after deducting the potential supply. The government should launch the second phase of "Lantau Tomorrow Vision" in due course, which can increase the land by 700 hectares and study the deep excavation of the New Territories. Potential in the north, releasing 3,000 hectares of land. The report recommends that the government use its fiscal reserves, including the Exchange Fund, to invest 1 trillion to 1.5 trillion yuan in infrastructure and land reclamation.
Like 1
