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2026-04-23 15:37:54 The Buildings Department announced that it approved 15 building plans in February, including nine residential and mixed-use developments, as well as two community service projects. Among them, SINO LAND (00083.HK), which won the tender for a residential government site on Hoi Chu Road in Tuen Mun in August last year at HKD1.089 billion, equivalent to a floor price of HKD3,860 per sq ft, has been approved to build one 25-storey residential building, along with two single-storey structures for generator rooms and ancillary facilities, involving a total GFA of approximately 282,100 sq ft. CHINA OVERSEAS (00688.HK), in partnership with the Urban Renewal Authority, obtained approval to develop a 28-storey residential-commercial building for the redevelopment project at Shantung Street/ Thistle Street in Mong Kok. According to market sources, China Overseas secured the site last year for more than HKD860 million. Based on a total GFA of about 160,000 sq ft, the floor price was approximately HKD5,349 per sq ft. ~ AASTOCKS Financial News Website: www.aastocks.com | |