Government announces quarterly land sale programme for July to September 2025
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The Secretary for Development, Ms Bernadette Linn, said in the second quarter of 2025-26, the Government will put up for tender a residential site at the junction of Wing Shun Street and Texaco Road, Tsuen Wan. The site is able to provide floor space of around 39 000 square metres and can provide about 780 flats. It is selected from the Annual Land Sale List announced in February this year and situates in a mature neighbourhood with comprehensive surrounding facilities and traffic network. The rezoning procedures for the site from "Government, Institution and Community" use to "Residential" use have recently completed.
Furthermore, residential land supply this quarter will also stem from private development and redevelopment projects requiring lease modification, of which six cases are expected to complete the land administration procedures in the second quarter, providing a total supply of around 4 170 flats. These cases include a land exchange case at Hung Shui Kiu Area 34B under the Enhanced Conventional New Town Approach and earlier announced by the Development Bureau (2 300 flats). The project situates in an area of high development potential in the Northern Metropolis and would foster the development of the area along with the planning of Hung Shui Kiu/Ha Tsuen New Development Area. It is worth noting that as at the second quarter of this financial year, the land supply from this source has exceeded the full-year estimation in the beginning of the year, reflecting increasing activities in the market.
Ms Linn said that, taking into account the site to be put up for tender by the Government and the six cases of lease modification, the total private housing land supply in the second quarter of this financial year would support the development of around 4 950 units. Together with the supply from the first quarter, the total private housing land supply of the first half of this financial year is expected to support some 6 000 units, which is around 45 per cent of the annual target of private housing supply. This figure has not yet reflected private development projects not requiring lease modification from the second quarter, as such figures are only available at a later stage. The Government considers the land supply for this financial year reasonable, and expects to maintain stable land supply in this year.
As regards the private housing land supply for 2024-25, taking into account private development and redevelopment projects not requiring lease modification captured in the fourth quarter, the actual supply is adjusted upwards to around 10 030 flats, which is around 75 per cent of the supply target.
The Government will continue to sustain our effort in rolling out land in a prudent and pragmatic manner, and flexibly adjust our land disposal strategy according to market situation, in order to meet the development needs of society.
The list of the site to be tendered in July to September 2025 is in the Annex. The actual tender timetable will be drawn up taking into account the progress of necessary preparatory work. The Lands Department will announce the detailed land sale arrangements before the site are put up for tender.
Ends/Friday, July 11, 2025
Issued at HKT 20:11
Issued at HKT 20:11
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