Published: 6:44pm, 14 Nov 2025Updated: 6:46pm, 14 Nov 2025
Nine groups, including some of Hong Kong’s largest developers – Sun Hung Kai Properties (SHKP), CK Asset Holdings, Henderson Land and Chinachem Group – have submitted offers for a 70,127 sq ft parcel in Tsuen Wan in the New Territories.
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The Lands Department received the bids by noon on Friday, the deadline for the tender that began on September 26, according to a spokeswoman, who did not provide further details.
The developers confirmed their participation in the tender to the Post.
The site at the junction of Wing Shun Street and Texaco Road in Tsuen Wan is designated for non-industrial purposes and is estimated to provide about 780 average-sized flats, according to Secretary for Development Bernadette Linn Hon-ho in comments made in July.
About 940 square metres (10,118 sq ft) must be set aside for social welfare facilities, including a centre for home care services for elderly people and a residential special childcare centre, among others.
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Being the only residential site to be offered by the government in the second quarter of its financial year, the plot “presents a compelling development opportunity”, said Hannah Jeong, executive director and head of valuation and advisory services at CBRE Hong Kong.