Sun Hung Kai Revises Yuen Long Commercial Site Plan, Seeks Approval for 1,140 Residential Units
On.cc · 2 SOURCESabout 2 hours ago2 MIN
Summary
Sun Hung Kai Properties has filed a revised development application for its commercial site in Yuen Long's Kiu Tau Wai area, seeking approval to build 1,140 residential units on land originally designated for commercial use. The Planning Department has indicated it does not object to the proposal, which would replace a 31-storey commercial tower approved in 2017 with two 38-storey residential towers, a 17-storey commercial building, and a five-storey retail podium. The change reflects shifting market conditions in the commercial property sector and aligns with government policy encouraging flexible use of commercial land in the Northern Metropolis zone.
Key Points
- The site spans approximately 107,061 square feet and sits adjacent to MTR Tin Shui Wai Station
- The proposed development maintains an 8x plot ratio with total gross floor area of about 856,486 square feet
- Residential accommodation would occupy roughly 556,477 square feet, averaging about 488 square feet per unit
- The commercial component would be reduced to about 300,009 square feet, comprising approximately 99,999 square feet of retail space and 200,010 square feet of offices
- Compared to the 2017 approved plan, retail space would shrink by approximately 80 percent while office space would decrease by roughly 43 percent
Why It Matters
The Planning Department's support for this application signals a pragmatic approach to land use in the Northern Metropolis, acknowledging that market conditions have shifted significantly since 2017. This precedent could encourage other developers holding commercial sites in the region to explore similar residential conversions, potentially accelerating housing supply in Hong Kong's new development areas while still preserving some commercial functions for community benefit .
The Planning Department's support for this application signals a pragmatic approach to land use in the Northern Metropolis, acknowledging that market conditions have shifted significantly since 2017. This precedent could encourage other developers holding commercial sites in the region to explore similar residential conversions, potentially accelerating housing supply in Hong Kong's new development areas while still preserving some commercial functions for community benefit .