ebulletin

December 6, 2024
Metropolis pilot areas unveiled

The Hong Kong SAR Government recently announced the details of the three pilot areas of large-scale land disposal in the Northern Metropolis, the Hung Shui Kiu/Ha Tsuen New Development Area, the Fanling North New Development Area and the San Tin Technopole.
  Each pilot area covers private residential, industry and public facility sites. Developers are required to carry out site formation and engineering infrastructure works for all the sites.
   Developers can retain the residential sites for development and hand other sites back to the government for management after constructing some public facilities such as roads and open space.
    The requirements on industry sites vary across the pilot areas, including the developers retaining certain sites to construct and operate an enterprise and technology park building, requiring developers to construct an industry building and then hand it back to the government, and some only requiring the developers to carry out site formation.

(HKSARG)

The government will launch a three-month exercise in December to invite interested parties to submit expressions of interest for the three pilot areas to finalise the tender details and conditions later.

One of the focus areas of the expression of interest exercise is to invite the market to put forward innovative and feasible suggestions, and to propose how developers could make good use of the large-scale land disposal approach to enable their in-depth and substantial participation in developing industry sites to promote industry development in the Northern Metropolis.

The government's target is to start the tendering work for the three pilot areas progressively from 2025 to 2026. For more information, please <click here>

(HKSARG)