Ho Man Tin Fat Kwong Street Residential Site Goes to Tender, Bids Due Oct. 2
On.cc · 2 SOURCESabout 1 hour ago1 MIN
Summary
The Lands Department announced on Wednesday that a prime residential site at Fat Kwong Street in Ho Man Tin will be offered for public tender starting Friday. The site, designated as Kowloon Inland Lot No. 11301, carries a minimum and maximum gross floor area of 11,580 and 19,300 square meters respectively, excluding government accommodation to be built by the purchaser. Industry observers have estimated the site's value at HK$1.87 billion to HK$3.12 billion, or HK$9,000 to HK$15,000 per square foot.
Key Points
- The tender for KIL 11301 at Fat Kwong Street, Ho Man Tin opens on September 4 and closes on October 2
- The site covers approximately 55,651 square feet (5,170 square meters) zoned exclusively for private residential development
- Maximum permissible gross floor area reaches 207,749 square feet, excluding required government facilities
- Market valuations range from HK$1.87 billion to HK$3.12 billion, or HK$9,000 to HK$15,000 per square foot
- The buyer must construct an elderly neighbourhood centre branch and a mental health integrated community centre branch as part of the conditions
Why It Matters
This tender represents a significant addition to Hong Kong's private residential land supply in the 2026-27 financial year, with the successful bid serving as a barometer for developer sentiment amid ongoing interest rate pressures and economic uncertainty .
This tender represents a significant addition to Hong Kong's private residential land supply in the 2026-27 financial year, with the successful bid serving as a barometer for developer sentiment amid ongoing interest rate pressures and economic uncertainty .