Yuen Long plot offered 3,565-flat upgrade

Finance | Aiden He 20 Oct 2021

The Town Planning Board has received an application to turn a plot of land in Tung Shing Lei in Nam Sang Wai, Yuen Long into a comprehensive development area that could offer 3,565 flats upon completion.

The lot was applied for development at a plot ratio of approximately 3.182 times in 2019, but the application was later withdrawn. It was expected to provide 3,848 units with a total floor area of approximately 1.84 million square feet before the withdrawal.

Meanwhile, many new projects are ready for action.

Wheelock Properties' Koko Hills in Lam Tin will launch sales on Saturday, providing 101 units, including 87 units in the form of price lists and 14 flats via tenders.

Centralcon Properties' The Arles in Fo Tan has revealed its fourth price list, offering 134 units with an average price of HK$19,662 per sq ft after discounts.

Kowloon Development (0034) said it will upload the sales brochure and open the showrooms of Manor Hill in Tseung Kwan O as soon as this week.

Wing Tai Properties' (0369) Oma Oma in Tuen Mun will launch the remaining 50 units this week at the earliest.

Swire Properties (1972) will put up nine detached houses for sale with areas ranging from approximately 1,500 sq ft to 1,700 sq ft - each featuring three bedrooms and a 3,700 sq ft to 5,700 sq ft garden.

CK Asset's (1113) #Lyos in Yuen Long's Hung Shui Kiu - the first residential project in Hung Shui Kiu after the government announced the Northern Metropolis Development Strategy - will also post the sales brochure this week.

Sino Land (0083) expects to launch four brand new residential projects from the end of this year to next year, involving a total of about 5,000 units.

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