The Development Bureau (DEVB) announced today (July 21) that in order to strengthen the Government's leading role and accelerate the anchoring of industries in the Northern Metropolis (NM), the Government has decided to cancel the tender for two sites in Yuen Long and Hung Shui Kiu. This facilitates efficient implementation of more pragmatic arrangements for the two industry sites, which include:
 

• Handing over the site at Yuen Long Fuk Wang Street and Wang Lee Street (i.e. Yuen Long Town Lot No. 545) (the Yuen Long Lot) to the Hong Kong Science and Technology Parks Corporation (HKSTPC), with a view to establishing a microelectronics ecosystem in the Yuen Long InnoPark and better promoting high value-added new industrialisation; and

 

• Incorporating the site at Area 39A and 39B, Hung Shui Kiu and Ha Tsuen (i.e. Hung Shui Kiu Town Lot No. 10) (the Hung Shui Kiu Lot) in a policy study to be completed by the DEVB within this year, which involves a larger area of land. The aim is for a company established by the Government to take up the management and operation for the industry sites in that area in the form of an industry park.

     The DEVB launched tenders under the two-envelope approach for the Yuen Long Lot and the Hung Shui Kiu Lot in March and October 2024 respectively for the development of multi-storey buildings for modern industries (MSBs). Part of the floor space of the MSBs was to be leased to the Government at nominal rent for 10 years, allowing the Government to further rent out the floor space at concessionary rents to brownfield operators affected by government development projects during the period. The tender invitation for the two sites was originally to close on July 25, 2025. 

     A spokesperson for the DEVB said, "In order to lead and effectively promote the development of industries in the NM, the Government has to allow flexibility in the use of land in the NM and adopt a 'dynamic planning' approach in formulating strategies in accordance with the actual circumstances, thereby accelerating enterprise anchoring and fostering development of the area. Taking into account the views of the innovation and technology sector and the logistics sector on the industry development strategy in the area, as well as the Government's planning strategy for the NM, the Government has decided to cancel the tender for the two sites and proactively utilise the sites according to the Government's development strategy. This would allow the greater play of the sites in promoting industry development."

     The 3-hectare Yuen Long Lot is situated within the vicinity of the Yuen Long InnoPark and the Microelectronics Centre therein. The Yuen Long InnoPark is operated and managed by the HKSTPC. To cater for the HKSTPC's plan to establish a vibrant microelectronics ecosystem within the Yuen Long InnoPark, the Government has seized the opportunity to convert the Yuen Long Lot to innovation and technology use. The Innovation, Technology and Industry Bureau will further discuss with the HKSTPC to draw up a concrete development proposal.  

     On the other hand, as announced in the 2024 Policy Address, the DEVB has been exploring the establishment of a company led by the Government to build and operate an industrial park, involving some of the logistics sites in Hung Shui Kiu. The study will cover around 15 hectares of industry sites situated in the northern part of Hung Shui Kiu, and the 8-hectare Hung Shui Kiu Lot is exactly adjacent to this 15-hectare area of industry land. Incorporating the Hung Shui Kiu Lot in the study will endow the industry park company with more ample land resources to achieve economies of scale in the future. The study will look into the approach for granting such industry sites to the proposed company to be established by the Government, which will be responsible for building and operating the industry park in accordance with the Government's industry policies, as well as attracting enterprises through flexible land grant arrangement and investment promotion measures. We will also explore the option of having the company to designate part of the land within the industry park for developing industrial spaces using low-cost technologies (such as modular construction) within a short period of time to accommodate some of the brownfield operators affected by government development projects. The DEVB will complete the study within this year and subsequently commence the work for the establishment of the company. 

     The locations of the two sites are shown in the Annex. 

Ends/Monday, July 21, 2025
Issued at HKT 20:31

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