Land grant to facilitate mega project development
The chairman of the Hung Shui Kiu Industry Park Company, Jeffrey Lam, has welcomed the government’s decision to grant them an additional 20 percent of land size upon formation carried out by the winning tender of the first large-scale development project at the Northern Metropolis, saying it shows the authorities' determination towards industry development at the site. The Development Bureau on…
The government has granted Hung Shui Kiu Industry Park Company an additional 20 percent of land size upon formation for a large-scale development project at the Northern Metropolis. The Development Bureau awarded nearly 11 hectares of land in the Hung Shui Kiu/Ha Tsuen New Development Area to the consortium, which comprises six shareholders including China Overseas Land and Investment, China Merchants Land, China Resources Land, China Travel Service, JD.com, and a subsidiary of Sino Land.
The consortium will be responsible for developing various sites in the pilot area, with two sites of 4.5 hectares being granted to the industry park company. This decision highlights the government's support for industrial development at the site and is expected to help establish a regional industrial ecosystem at Hung Shui Kiu, attracting businesses and talents.
The winning consortium brings diverse expertise in residential development, technology park operation, and high-end logistics facilities. JD.com, the anchor tenant, will start operations within 55 months, which is considered an aggressive timeline.
Brief written by urgent.news from RTHK English's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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