Plot subject to minimum flat size put on sale again
The government said on Thursday that it will put three residential sites up for tender in the July-to-September quarter as part of its land sale programme.  The sites in Tuen Mun, Sha Tin and Kwai Chung are expected to generate 2,600 units. The Tuen Mun plot, the biggest of the three, was withdrawn from the market in April after five bids failed to reach the reserve price. It's expected to generate 2,000 homes, which are required to have a minimum size of 280 square feet each. Thanks to the three plots and other means such as redevelopment, total private housing supply in the three months ending September is expected to reach 3,210, raising the total in the first half of the financial year to 5,350 which represents 40 percent of the government's full-year target. "Looking ahead, the government will continue to increase land supply through our multi-pronged approach," Secretary for Development Bernadette Linn said. "We will also continue to look for more land resources, as well as compress our development procedures through administrative and legislative means."