( By Yan Lunle)
Residences completed quantity has rising yearly as government increasing the land supply in recent years. Buildings Department announced Hong Kong had 9 private residential projects including 2,685 units completed in March, which sharply rose comparing with 5 units finished in February, and the number even up to the peak in five months. Synthesizing data in this first quarter, there were totally 2,879 units of private property completed in Hong Kong, largely rose 11.2 times than 236 units in same period of last year, and the number even up to the peak in same period of recent three years.
Although the private property completed quantity has been in uncertain trend in recent months, but it believed will sustained and rapid grow in the following months, because government has speed up land sales since 2010, MTR was quickening approval of building procedure at the same time and developers also were accelerating their projects by stocked lands, so the private residence completed quantity in 2014 will up to be at least 16,000 units, expressed by Zhou Manjie, the Research Department Director of Ricacorp Properties.
9 private property projects finished in last month.
There was 1 project among the 9 private property projects which finished last month has more than one thousand units, which is Lanshan 1 in Tai Po including 1,071 units; The Wings II in Tsueng Kwan and RESIDENCE in Yuen Long also completed in the same month, property number of which are respectively up to 784 units and 352 units, data showed.
Starting private properties rose 69% by month.
As for starting quantity, Hong Kong had 7 private property projects started in March, but there will be only 415 units because most of them are floor style single buildings or low density luxury projects, up 69% comparing with 246 units in February, however, the number is 48% lower than 796 units which was the average in the past twelve months, showing the progress is slow. In first quarter of this year, Hong Kong had 18 private property projects started including only 1,899 units, less 12% comparing with 2,166 units in same period of last year.
Although starting property number in the first quarter was not ideal, but there will be about 5,000 units from many government lands in Tsueng Kwan, Kau To and so on hopefully being started within this year, as government has speed up land sale since 2010; MTR's many large on top projects also can start in this year, so starting private properties in 2014 predicted to rise at least 80% to nearly 18,000 units, Zhou Manjie pointed.
30 architectural drawings are newly approved.
In addition, Buildings Department approved 30 architectural drawings in March, which is the highest in about two and a half years after December 2012. The second and third zone of URA's Kwun Tong Town Centre Redevelopment are included, which was approved to be built on 4 commercial buildings in 40-46 layers above 4 platforms and 3 layers of basement, and the residential floor area will be about 1,495,981 sq ft, while non residential floor area will be about 357,547 sq ft.
Besides, architectural drawing of 66C2 zone in Tsueng Kwan developed by Sino and K.Wah is also approved, and it can be built on 7 buildings including 1 commercial building in 7 layers and 2 commercial buildings in 17 layers above one floor platform, and 4 commercial buildings in 16 layers on top of two layers platform, with all buildings have basement in one floor, the residential floor area of which is about 416,444 sq ft while non residential floor area of it will be about 69,512 sq ft. Furthermore, architectural drawings of government land nearby 35 South Bay Road sold in 2011, and juncture of Sheung Yuet Road, Wang Tai Road and Wang Yuen Street in Kowloon Bay also approved.
Plan of Yuen Long South will be considered on Friday.
This Friday, Town Planning Board will consider the Preliminary Outline Development Plan and community participation in activities stage two of Yuen Long South Development Zone. It is known, this development zone is about 216 hectares which will supply 26,100 units, public houses among will be 15,800 units taking about 60% while private houses included will be 10,300 units taking about 40%, and it will be capable for about 78,000 people with plot ratio from one time to five times, first batch of whom will occupy in 2025. Consultation stage two started yesterday and will end on 12th July.
