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Fanling proposed "single blocks" involved 780 flats

Squarefoot Editor  2013-01-11  15 #Property Hit News
Hong Kong's Wen Wei Po (Reporter Ngan LunLok, Chow Wing) The number of public housing waiting list is rising every year, in the face of the grassroots for the solution of housing pressing need, there Leung Chun-ying announced next week, the first policy address, will announce multi-housing program, including The building blocks are "mini-site. In fact, the government has been studying the "Government, Institution or Community" (GIC) uses land to residential use, to this end, the Planning Department last night a proposal to be submitted to the Town Planning Board temporary, proposed in Sheung Shui, Fanling two parcels of land for the construction of public housing, which will be built "single PRH the Fanling District 49 land, the proposal today in the TPB. The Planning Department reports that, where a site is located in Fanling Area 49, adjacent to Yung Shing Court, the present site is a vacant government land, covering an area of 88,265 ft., planned by the GIC and the use of Green Belt, changed to "Residential ( A) 2 ", to build a 33-storey public housing, the floor is about 414, 414 square feet, 780 partners, is expected to Check a population of about 2,400 people, is expected to be completed in about 2020. Sheung Shui build three blocks, 2,700 people will be living in Another piece of the larger site in Sheung Shui Area 27, next to Choi Po Court, the Planning Department's intention to be rezoned to "Residential (Group A) 2" by GIC and open space,. Site the existing site into a temporary public car park, with a site area of 133,474 square feet, will be built three 24-32 floor public housing, floor approximately 748,098 square feet, 900 units, 2,700 people are expected to Check about completed and occupied in 2018. Insiders refer to the Government's recent spate of rezoning the land in question, only a "prelude" to increase land supply, housing problem as a priority to solve the problem of the current government is expected in the future will still increase land through multiple directions. Kowloon Bay commercial buildings Billion make up 5000 HKD per square feet In addition, commercial buildings value, with the Kowloon East starting concept, the government region workers turn, the property also apply for premium gone up. Market sources said the Billion's Wang Kwong Road, Kowloon Bay office project, approximately $ 5,000 per square foot for the amount of premium level. If the news is true, the creators of industrial use to commercial use of premium PPSF new record high. It is reported that at this stage, the developers and the Government has not yet reached an agreement. Billion in early 2011 had received in reply to the land premium of about $ 2,000 per square feet, but until the end of the same year has risen to nearly $ 3,500, an increase of 60%, something too about a year, the latest market news that has up to the square foot to $ 5,000, an increase of 42%. City pass the latest Patches the PPSF $ 5,000, involving the amount of premium up to 1.32 billion HKD. It is reported that the Billion as early as in August 2009 to spend about 2.8 billion, acquired Wang Kwong Road industrial buildings converted into commercial buildings with a site area of 30,000 square feet and a total floor area of 264,000 square feet, it is learned that, at this stage The project has been close to the existing floor, put up for sale in mid-year, market estimates, PPSF be sold more than 10,000 HKD.
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