Nan Fung first to join land-share planTop News | Michael Shum 23 Jul 2021
Nan Fung Development is the first developer to apply for the government's land-sharing pilot scheme to convert 3.2 hectares in Tai Po into 1,642 flats.
The Development Bureau said yesterday the first application under the scheme involves two private lots adjoining government land at Lo Fai Road and Ting Kok Road in Tai Po.
The application will involve 1,149 public housing or starter homes and 493 private apartments with supporting facilities, with a total gross floor area of about 85,000 square meters.
The public housing units are expected to be rolled out in the third quarter of 2025 in four blocks 17 storys high, according to the bureau.
The private homes are expected to be completed in November 2028 and consist of two 14-story blocks.
Secretary for Development Michael Wong Wai-lun said: "The land-sharing office has been in dialogue with a number of other interested project proponents in facilitating their submission of applications."
The three-year scheme launched in May is intended to boost both public and private housing supply in the short and medium term by changing land zoning and encouraging landowners by providing them with more than four times the plot ratio of the original zoning.
Separately, the government has used a policy to resume private land for public housing development with the land resumption ordinance for the third time in four months.
As part of developments for 5,840 public housing flats, land at Tseung Kwan O west of Yau Yue Wan Village, on Po Lam Road North, and east of Hong Kong Movie City, on Pak Shing Kok Road, will be resumed.
The two private lots with a total area of 189.3 square meters will be resumed, and another piece of land occupied by five graves with an area of 125.9 sq meters will also be acquired. The first residents are expected in 2028 to 2029.
"The government will maintain close liaison with the relevant land owners and affected parties and properly handle their compensation matter," a spokesman said.
The plots to be resumed are part of the two biggest public housing developments among the four previously planned in Tseung Kwan O by the Housing Department. The development near Yau Yue Wan Village covers 2.95 hectares of mostly government land.
It will provide four 44-story blocks, of about 2,700 flats, as well as a retail and amenities block, district council documents show.
The development east of Hong Kong Movie City, involving 2.26 hectares, also mostly owned by the government, will consist of three 45-story residential blocks, which will provide about 3,140 flats, and will also include a retail and amenities block.
The two other developments will be situated at the northwest of Ying Yip Road near Clear Water Bay and south of Chiu Shun Road in Hang Hau, providing 2,330 flats altogether.
The government had been reluctant to use the ordinance to resume private land for public housing in the past, using it only 13 times since the handover until 2019.
Chief Executive Carrie Lam Cheng Yuet-ngor said in 2018 that the government cannot intentionally or arbitrarily infringe private property rights, which are protected by the Basic Law.
But she then announced in the policy address the following year that the government will start citing the ordinance to resume land plots, but will do so cautiously to avoid legal challenges.