Two Residential Plots To Be Sold In July Quarter

Two residential sites – in Kai Tak and Tuen Mun – will be sold by tender in the July-to-September quarter as part of the government's land sale programme for 2019-20.

They are expected to generate 1,350 flats.

The government also revealed on Friday that the MTR Corporation will sell by tender a residential project at its Wong Chuk Hang Station, providing 800 units.

A total of 5,420 private flats are expected to be generated in the first six months of the current financial year.

While that figure is less than half of the government's full-year supply target of 13,500, the Development Secretary, Michael Wong, expressed confidence that the target would be met thanks to private redevelopment projects.

Wong is forecasting a year-on-year increase in the number of units generated by private redevelopment schemes in the first half of the fiscal year, and he believes the upward trend would help the government reach its full-year supply target.

He said he expects private home prices to remain stable despite a tense social and political environment.

Officials also announced one of the largest commercial sites to be put on sale in Hong Kong in recent years.

The plot at the West Kowloon express rail terminus will be made available by tender.