Unit
of Li Ka-shing’s Hutchison submits plan to build 15,075 homes in Tsing
Yi to add to Hong Kong’s housing supply, help ease shortage
Hutchison’s
Hongkong United Dockyards Limited (HUD) unit has submitted a proposal
to the Town Planning Board to erect 15,075 homes in Tsing Yi
The site next to the Tsing Ma Bridge will comprise 10,370 apartments and 4,700 public housing units, HUD says
CK Hutchison Holdings,
the flagship company of Hong Kong’s wealthiest man, plans to turn a
waterfront dockyard into the city’s second-largest housing enclave,
adding much needed supply to the world’s least affordable major urban
centre.
Hutchison’s
Hongkong United Dockyards Limited (HUD) unit submitted a proposal to
the Town Planning Board to erect 15,075 homes on its site and adjacent
government land in Tsing Yi. The site, next to the Tsing Ma Bridge, will
comprise 10,370 apartments and 4,700 public housing units, HUD said.
“There
is a long-term pressing housing need in Hong Kong and HUD hopes to
contribute its part to the resolution of housing problems through this
proposal”, said a statement by HUD, whose parent Hutchison is chaired by
Victor Li Tzar-kuoi, the elder son of tycoon Li Ka-shing. “Under Hong
Kong’s current land scarcity situation, HUD believes large-scale
industrial land and idled government land can be part of a solution to
alleviate Hong Kong’s housing needs.”
The
proposal combines HUD’s plot with a piece of idle land owned by the
government under the Tsing Ma bridge, using a road to connect the two
parcels into a site measuring 19.9 hectares (49.2 acres) overlooking the
Ma Wan Channel. The size of the project is second only to the 21,500
homes at Hong Kong’s largest residential enclave, Lohas Park in Tseung
Kwan O, and bigger than Hutchison’s Whampoa Garden in Hung Hom, with
10,285 flats.
The
land value is estimated at HK$22 billion (US$2.8 billion) after the
payment of land premium and assuming that the developer is not required
to bear the cost of building the public homes, according to a surveyor.
Hutchison
has not put a price tag on the project, which has not been given a
name. The proposal calls for 34 residential towers, each between 27 and
48 storeys, with amenities such as shops, kindergartens, a primary
school,, a marina club and social welfare facilities.
Public
housing will be located in 10 blocks of between 22 and 34 storeys on
the plot of land owned by the government, according to the proposal. A
15 metre-wide waterfront promenade will be built to serve both the
private apartments and public housing, according to the proposal.
Hutchison
bought 50 per cent of HUD from Swire Pacific in August 2021. The site
measures 10 hectares, and is currently a so-called brownfield plot used
for cement works, open storage and workshops, the application said.
“This
is a medium-to-long term planning proposal”, HUD said. “HUD is willing
to make suitable arrangements regarding its existing business operations
at the appropriate time, with the hope that this will help contribute
to the resolution of Hong Kong’s housing problems”.
Tsing
Yi has a residential community and commercial zone on an island that
also accommodates heavy industries, a transport interchange,
shipbuilding works and dockyards.
“The
most [often-heard] criticism of Tsing Yi is its transport and
amenities”, which need a government commitment to “upgrade”, the
surveyor said.
The
surveyor said more commercial amenities are needed in Tsing Yi, not
just a large shopping centre. The surveyor also pointed to the logistics
warehouses located south of the proposed housing estate, asking whether
that is “really suitable”.
The
proposed estate will form part of the Harbour Metropolis under the Hong
Kong 2030+ territorial strategic planning framework. Under the plan, a
new central business district known as CBD3 will be located at the Kau
Yi Chau (KYC) artificial islands, about 5 kilometres from HUD’s proposed
project.
The
low proportion of public housing in the proposal may, however, hamper
its approval, another surveyor said, who pointed to the government’s
2018 housing supply target of 70 per cent.
The
surveyor said that it is “not sure if the government will approve it”,
adding that its entrance may be near an industrial site, which might
affect its sales value.
(South China Morning Post)
中環矚目新甲級商廈項目 The Henderson，再錄大手租務成交，加拿大退休金計劃投資局 (Canada Pension Plan Investment Bond，CPPIB) 預租兩層共約2.8萬方呎樓面面積，料作同區升級搬遷。
市場人士指出，The Henderson 獲CPPIB承租兩層，每層租用面積約1.4萬方呎，合共約2.8萬方呎，以市值呎租130元計算，涉及月租約364萬元。
靄華主席再購好運中心地舖
據資料顯示，CPPIB現時租用同區置地公司旗下約克大廈，最少租用3層樓面，是次租用 The Henderson 料作升級，而租用樓面則相若。據了解，現時約克大廈市值呎租約90至100元。
另外，舖位市場方面，上月斥1880萬元買入沙田好運中心商場地舖的靄華押業信貸 (01319) 主席兼行政總裁陳啟豪或有關人士，近期加碼斥1920萬元買入相連的另一個舖位。
資料又提及，沙田橫壆街1至15號好運中心地下10C舖，建築面積約521方呎，由陳啟豪或有關人士斥資1920萬元購入，呎價約3.69萬元。舖位現時由財務公司租用，月租2.9萬元，租金回報約1.8厘。原業主1987年以110萬元購入，賬面獲利1810萬元或16.5倍。
上月毗連由同一租客承租的地下10B舖，陳啟豪或有關人士以1880萬元買入，即兩個月內斥資3800萬元入市。
(信報)
更多The Henderson寫字樓出租樓盤資訊請參閱：The Henderson 寫字樓出租
更多約克大廈寫字樓出租樓盤資訊請參閱：約克大廈寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
