Working from home has become the new normal under the epidemic, and the commercial structure of Hong Kong has become "decentralized". Based on this, some developers have applied to the Town Planning Board to develop commercial properties in Tuen Mun. SHKP and ZTE International have applied to the Town Planning Board for the construction of three 27- to 32-storey commercial buildings with a total floor area of over 2.0807 million square feet for their KMB Tuen Mun Depot and the adjacent land.
Over 2 million square feet of floor space involved
The application project is located in Tuen Mun City Lot Nos. 79, 80, 81 and adjoining government land. It is adjacent to the West Rail Tuen Mun Station. It is currently a bus depot and is planned to be used as a comprehensive development area. feet of government land). According to the application documents, the applicant intends to repurpose the project for "commercial (2)" use, with a plot ratio of 9.5 times, the construction of three 27- to 32-storey commercial buildings, involving a floor area of about 2.08 million square feet. The project also has 3 to 4 storeys of basement for car park purposes, providing a total of 922 private parking spaces and 105 public parking spaces to replace the existing clock parking spaces on Kin Fung Street.
The applicant claims that the COVID-19 outbreak has created a "new normal" in society in areas such as housing, work and socializing. In order to reduce unnecessary travel and pursue a better working environment, many companies and employees tend to leave the crowded environment of the traditional city center. Therefore, the demand for offices in suburban areas is rising. In addition, the Guangdong-Hong Kong-Macao Greater Bay Area also brings new opportunities to Hong Kong. The proposed rezoning and development can leverage its unique geographical advantage in the Western Economic Corridor and support the commercial development of the western region of Hong Kong.
In addition, the epidemic has halted the deployment of new properties, and there were "zero new applications" and "zero approvals" for pre-sale of uncompleted properties last month. At the same time, the first phase of the project at No. 8 Ma Shi Road, Fanling, Henderson withdrew its application last month and provided 603 units. Previous data showed that the project was completed in November this year.
