ebulletin

February 18, 2026
Kerry Properties won Shau Kei Wan site
The Hong Kong Lands Department awarded the tender for the residential site at Shau Kei Wan Main Street East (Shau Kei Wan Inland Lot No. 860) to Fine Century Holdings Limited, a subsidiary of Kerry Properties Limited, on February 16, 2026.
The site was sold for HK$1.383899 billion, a price that exceeded market expectations and represents the first new private land supply on Hong Kong Island in three years.

Key Details of the Awarded Site
Location: Shau Kei Wan Main Street East, Shau Kei Wan, Hong Kong.
Site Area: Approximately 1,349.2 square metres.
Permitted Use: Non-industrial purposes (primarily private residential), excluding godown, hotel, and petrol filling station.
Maximum Gross Floor Area (GFA): 12,142 square metres for private residential use.
Land Grant Term: 50 years.
Development Requirements: The purchaser must construct a sub-base for a district elderly community centre as part of the government accommodation facilities.

Tender Participation
The auction drew significant interest from major local and mainland Chinese developers, receiving a total of 8 bids. The winning bid reflects an accommodation value of approximately HK$10,589 per square foot.