Mei Foo Kau Wah Path to apply for the construction of 6,000 private houses, the original site of the unlicensed barbecue site, the Far East, etc. into paper-built housing estates

28Hse Editor  2022-01-26  #Transaction

Urban redevelopment land is one of the important housing supplies in the future, and some consortiums have actively submitted relevant applications to the Town Planning Board. In recent years, the site of the Mei Foo Kau Wah Path barbecue site, which was accused of operating without a license for more than ten years, was applied to the Town Planning Board by a consortium such as the Far East, and it was developed together with the adjacent land. It is proposed to build 14 strata residential buildings and provide 6,053 residential units. Covering an area of more than 520,000 square feet, it is a rare urban large-scale residential project in recent years. ◆reporter Li Zitian

According to the information from the Town Planning Board, the above-mentioned sites are various lots in the Kau Wah Path Survey District No. 4 and adjoining government land. The site area is about 520,053 square feet, of which the government land occupies 239,378 square feet. It is planned to be a comprehensive development, including the construction of 14 buildings. The 31- to 35-storey strata residences provide 6,053 units, involving a residential floor area of 2,592,200 square feet, a kindergarten with 6 classrooms and 1,395 parking spaces.

Nearly half of the planned land is government land

According to the data, the applicants for the above projects are Cornhill Enterprises Limited, a subsidiary of Far East Hotel (0037), and Lai Chi Kok Amusement Park Company, Limited.

The applicant pointed out that the application site is huge, located in the downtown area of Kowloon with convenient transportation, and has the potential to provide a large number of residential units in the form of comprehensive development to meet the urgent housing demand in Hong Kong; however, the application site has been designated as a "comprehensive development area" since 1992. ”, the development has been stagnant for the past three decades, and no concrete progress has been seen.

The applicant also pointed out that the majority of the land titles have been consolidated to promote comprehensive residential development at the application site through a practical and feasible phased development arrangement. The planning intention of the district” zone, release the long-term wasted development potential of the application site, and at the same time solve the environmental problems in the district in a holistic way and improve the living environment.

Provide 2983 units as soon as 2028

The applicant pointed out that the proposed development will be carried out in stages according to the existing land title distribution, and the early stage development can be implemented by the applicant in due course. twenty three%. Together with the remaining stages of development, the proposed scheme will eventually provide about 6,053 private housing units.

The above-mentioned land, including the location of two former barbecue sites at Mei Foo Kau Wah Path, involves multiple land rights, of which the largest registered landowner is "Lai Yuan Amusement Garden Co., Ltd." under Far East Hotel (0037) and its affiliates. It is known that "Liyuan Amusement Garden Co., Ltd." has filed a lawsuit against the barbecue site for illegal occupation of land.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

Share by Facebook

Share by Whatsapp

Share by email