The Hong Kong government will sell, via open tender, six residential sites in the coming quarter to help create an additional 1,250 apartments in the city, Apple Daily reported Thursday, citing Paul Chan, the city’s Secretary for Development.
The apartment supply marks a new low since the first quarter of 2012, according to the report.
The six sites to be put up for sale in the next quarter are located in Ma On Shan, Cheung Sha, Tai Wai, Kwai Chung, Sham Shui Po and Tuen Mun, it said.
Meanwhile, MTR Corporation will release its Tin Shui Wai light rail station residential project and other new phases of the LOHAS Park in Tsueng Kwan O, providing no less than 4,600 units.
In other supply, the Urban Renewal Authority’s Cheung Sha Wan redevelopment project in Sham Shui Po is expected to provide 850 units.
A MTR spokesman was quoted as saying that the company will alter some terms for open tender on the light rail station residential project, which is expected to be launched before the end of this year.
Chan said land supply has fallen as the government has met with resistance from the public on some land use programs.
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