Consortium secures HK 16 billion Hong Kong development area tender
Six major enterprises secured the tender for the Hung Shui Kiu pilot development area on 24 August 2026 committing HK 16 billion in investment
HK conglomerate secures HK 16 billion development project tender for HSK Pilot Area
HSK New Development Limited, a joint venture consisting of China Overseas Land & Investment, China Merchants Land, China Resources Land Overseas, CTG Investment Management Corporation, JD.com Inc., and Sino Land Company, has been awarded the development contract for the first pilot area of the Hung Shui Kiu/Ha Tsuen New Development Area (HSK Pilot Area) in Hong Kong.
The National 15th Five-Year Plan, which prioritizes the accelerated development of the Northern Metropolis, supports this project, which will incorporate smart logistics, residential, and commercial facilities. The joint venture's Chairman, Daryl Ng, expressed confidence in Hong Kong's ability to foster innovation and technology development through cross-sector collaboration.
The HKSAR Government's Chief Executive has also emphasized the Northern Metropolis' significance in enhancing housing opportunities and connectivity with other cities in the Greater Bay Area.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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