International real estate firm Savills is appointed as the sole agent for the tender sale of various lots in D.D.77 & 79, Ping Che & Wo Keng Shan, Northern District ("The Property"). The property currently has an agricultural land use, with a site area of approximately 2,382,741 square feet. It will be sold on an "as-is" basis, and the tender closing date is scheduled at noon on January 7, 2025 (Tuesday), unless sold or withdrawn prior to the tender closing date.
The Property is located in the North New Territories New Town, designated as a trade and industrial zone according to the North Metropolis Development Strategy, giving it a highly advantageous geographical position. It is adjacent to the newly completed Heung Yuen Wai Highway, and as transportation infrastructure continues to mature, accessibility has significantly improved. The Property connects to the Shenzhen Liangtang Checkpoint via the Heung Yuen Wai Highway, with only a 10-minute drive, enabling owners to fully capitalize on development opportunities in Mainland China. Furthermore, with the upcoming completion of transportation projects such as the Northern Link Main Line and the Northern Metropolis Highway (San Tin Section), the economic development of the entire area will receive a substantial boost, while also enhancing the living environment.
Mr. Oscar Chow, Senior Director and Deputy Head of Industrial & Kowloon Commercial Sales, Savills Hong Kongsaid, “In the latest Policy Address, the government reaffirmed that the Northern Metropolis is the new engine for Hong Kong's economic development and will expedite projects related to economic and housing development in the area. The agricultural land being sold has an area of over 2.3 million square feet, making it extremely rare in the market. With highly flexible development plans and potential, this is an opportunity that developers and investors should not miss.”