Ho Man Tin Fat Kwong Street Residential Site Closes for Bid Tomorrow
SingTao · 1 SOURCES1 day ago2 MIN
Summary
The Ho Man Tin Fat Kwong Street residential site, the sole Kowloon plot on the government's fiscal year 2026-27 land sale programme, is set to close for bidding on Friday. The site, situated adjacent to the luxury University View estate, covers a gross floor area of approximately 207,700 square feet and is expected to provide around 250 residential units. Industry observers have placed the site valuation between HK$1.87 billion and HK$2.81 billion, with per-square-foot estimates ranging from HK$9,000 to HK$13,500.
Key Points
- The site (Kowloon Inland Lot No. 11301) occupies approximately 55,600 square feet and offers 207,700 square feet of buildable residential floor area
- Leung Pui-hung, senior director at Wyman Consulting, noted the location sits within a prestigious residential enclave, with units poised to enjoy panoramic views in multiple directions upon completion
- The government rezoned the land last year from "Government, Institution or Community" to "Residential (Group B)4" classification, transitioning from a former seawater pumping station and Highways Department temporary worksite
- Mandatory welfare facilities include an elderly neighbourhood centre branch and a mental health integrated community centre branch, both exempt from gross floor area calculations
- Analysts expect multiple competitive bids given the rarity of such boutique luxury development opportunities in established premium districts
Why It Matters
The successful sale of this Ho Man Tin site would inject fresh supply into one of Kowloon's most coveted residential neighbourhoods, where new stock has been limited for years. The requirement for integrated community facilities underscores the government's dual priority of expanding housing while maintaining social service provision in established residential zones .
The successful sale of this Ho Man Tin site would inject fresh supply into one of Kowloon's most coveted residential neighbourhoods, where new stock has been limited for years. The requirement for integrated community facilities underscores the government's dual priority of expanding housing while maintaining social service provision in established residential zones .