ebulletin

March 13, 2026
Recent Land Sale Activity (Q4 2025-26) and Upcoming Land Sales Programme

The Hong Kong government typically announces its quarterly land sale programmes in advance, and the schedule for the final quarter of the 2025–26 financial year (January to March 2026) only included two residential sites, both of which were awarded in early 2026.

The two residential sites planned for the January–March 2026 quarter have already completed their tender processes:

1. Choi Ha Road, Ngau Tau Kok (NKIL 6675):

Awarded on February 10, 2026, for HK$1.61 billion.

2. Shau Kei Wan Main Street East (SIL 860):

Awarded on February 16, 2026, for approx. HK$1.38 billion

Upcoming Land Sale Programme (2026–27)

For the first quarter of the new financial year (April to June 2026), the Lands Departmenthas announced the following upcoming tenders:

1. Tung Chung Residential Site: A harbourfront site near the future Tung Chung East Station, capable of providing approximately 990 flats.

2. Tuen Mun A16 Station (Package 2): An MTRCL development project expected to provide about 5,510 flats.

3. Hung Shui Kiu / Ha Tsuen New Development Area: A large-scale land disposal involving six lots (18, 19, 20, 21, 23, and 24) with a tender closing date of July 3, 2026.

The government also confirmed that no general commercial sites will be put up for sale in the 2026–27 financial year due to high vacancy rates in the non-residential market.

The tender for the Shau Kei Wan Main Street East site

(Shau Kei Wan Inland Lot No. 860) was awarded on February 16, 2026.

As the last public tender of the 2025–26 fiscal year and the first new land supply on Hong Kong Island in three years, it drew significant market interest.

Award Details

Winning Bidder:

Fine Century Holdings Limited, a subsidiary of Kerry Properties Limited.

Winning Price: HK$1,383,899,000 (approx. HK$1.384 billion).

Accommodation Value:

Approximately HK$10,589 per square foot, which significantly exceeded initial market expectations of HK$5,300 to HK$8,000 per square foot.

Bidding Competition:

The tender received 8 bids from major developers, including Sino Land, K Wah International, China Overseas Land & Investment, and Sun Hung Kai Properties.

Site Specifications

Location:

Shau Kei Wan Main Street East (redevelopment of the former Shau Kei Wan Market Building).

Site Area:

Approximately 1,349.2 square metres (14,523 sq ft).

Maximum Gross Floor Area (GFA):

12,142 square metres (approx. 130,695 sq ft) for private residential use.

Permitted Use:

Non-industrial purposes (excluding godown, hotel, and petrol filling station).

Development Potential:

Estimated to provide approximately 300 residential units.

Special Conditions

Mandatory Government Facilities: The developer is required to construct a sub-base of a district elderly community centre on-site. The floor area for this facility is excluded from the total gross floor area calculation.

Land Grant Term: The site was awarded on a 50-year land grant.

(Reported by Building.hk)