A site in Clearwater Bay which was the former home of Shaw Studios and TVB's old headquarters is to be turned into 37 low-rise residential buildings and houses.
The landmark studio was opened in 1961 by Sir Run Run Shaw and produced Chinese movies until the 1990s.
The site, which included TVB's old headquarters, was vacated since 2003 and has been targeted for redevelopment several times.
It was sold to Fosun International (0656) in 2013 for HK$1.5 billion.
The Antiquities Advisory Board declared the complex a site of cultural significance in 2015 and said any redevelopment plans would have to include measure to preserve the existing structures.
Fourteen three-story single-family houses and 23 residential buildings ranging from 6 to 11 stories, as well as a clubhouse - providing a gross floor area of 97,628 square meters in total - will be built on the site, data from the department showed yesterday.
The project is one of the 11 building plans approved by the Buildings Department in February. Of the 11, eight are residential developments.
A project in To Kwa Wan, which was acquired by TKS through a compulsory auction last year, has been given the green light for an 18-story building which will provide a gross floor area of 2,545 sq m of private homes and 512 sq m for commercial use.
In Kowloon Tong, a three-story single-family house covering a gross floor area of 605 sq m has also won the go-ahead from the authorities.
Among commercial buildings, a plan for an 18-story tower on 6 and 6A Cameron Road in Tsim Sha Tsui was approved by the government. The project of the Winland Group is expected to provide a gross floor area of 2,734 sq m upon completion.
In the same month, the authorities gave consent for work to start on six building projects which, when completed, will provide 3,839 sq m of gross floor area for domestic use involving 70 units, and 4,712 sq m of gross floor area for non-domestic use.
The department said it has received notification of commencement of superstructure works for only one residential building project in February, involving just seven units, compared to none in January.
This means construction started on only on seven flats in the first two months of this year, a 99.4 percent plunge from a year ago, and the lowest number since 1996, according to Ricacorp Properties.
The Clearwater Bay site will give rise to 37 residential buildings. SING TAO
