Tung Chung site to be retendered will offer 745 units this quarter

The government will relaunch the tender of a site in Tung Chung to provide 745 units this quarter, as it is set to reach only 63 percent of the annual private housing supply target for the fiscal year, Secretary for Development Bernadette Linn Hon-ho said.

The site that failed to be sold in September 2023 will now accommodate more but smaller homes to meet the market demand, the Secretary said at a briefing yesterday. 

Together with an Urban Renewal Authority project offering 370 homes and two private development projects, the total private housing land supply for the quarter is projected to be 1,100 units.

That will bring the annual supply figure to around 8,340 units, accounting for just 63 percent of the target of 13,200 units set earlier.