The Development Bureau has just announced the next quarter land sale plan, a total of 2 residential sites, providing a total of about 1740 units, one is located in Kai Tak near Sung Wong Toi Station, involving 1325 units; the other is located in Tung Chung East New Town District Extension, the first residential land in the area, involving 415 units. In the next quarter, 11 private development and redevelopment projects are expected to complete lease modifications involving 2,310 units, resulting in a full quarter supply of private residential land of about 4,050 units.

Centaline Surveyors Cheung King Tat said that the recent lack of good news in the property market, although the United States suspended the interest rate hike, but the interest rate factor takes a longer time to fade, the interest rate factor still affects the attitude of many buyers to enter the market, after the customs clearance has not seen an obvious increase in the proportion of mainland customers to enter the market, coupled with the construction costs continue to increase and other factors, is also expected to affect the desire of developers to invest in land, the next quarter land sale plan shows that the Government continues to strive to increase residential supply, is expected. This is expected.

The two residential sites to be launched in the next quarter include Kai Tak Area 2A Site 2 and Site 3, which are conveniently located with the railroad concept, new buildings in the area are being occupied one after another, community support facilities are being improved, a new large-scale shopping mall will be opened soon, and commercial projects in the area are also expected to be completed and opened within the year, driving the demand for residential units in the area. The size of the surface area and development potential is also large, with reference to the last site in the area to be granted at a land premium of about 6,138 yuan per square foot, it is estimated that the land premium of 6,000 yuan per square foot, land premium of about 5.76 billion yuan. 

The proposed Tung Chung East Station is expected to be built within this year, and there is still some time before its completion, so the developer may have reservations about the price. 6.96 billion.