China News Service, May 17. According to Hong Kong Wen Wei Po, Hong Kong New World Development Co., Ltd. announced the latest progress on the "private HOS" project proposed by Hong Kong New World Development Co., Ltd. last year. The opposite site is about 30,000 square feet, and about 300 units are expected to be built. The West Rail Yuen Long Station can be reached within 10 minutes by car. A rezoning application has been submitted to the Town Planning Commission this month.
As for the "progressive mortgage" proposal of the project, the HKMA and the banking industry have also been negotiated, and there have been positive responses.
If all goes well, the project could start construction next year at the earliest and be completed as early as 2027.
Last year, New World Development established a non-profit housing social enterprise "New World Build a Better Life", and proposed to develop a non-profit privately subsidized housing project, with reference to the SAR government's current HOS sales arrangements and buyer qualifications, selling at about 50 to 40 percent off the market price The unit hopes to alleviate the problem of "difficulty in getting on the bus" for young families.
The New World Jianhao Life team disclosed the latest progress of the project on the 16th, indicating that it has selected a land of about 30,300 square feet on Lam Xi Road, Yuen Long to build a building with an estimated total floor area of about 151,000 square feet. 300 units.
The team submitted a land rezoning application to the Town Planning Board earlier this month. If all goes well, the project can start construction as soon as next year and be completed as early as 2027.
Zheng Zhigang, Chairman of New World Jianhao Life and Chief Executive Officer of New World Development, said on the 16th that the housing problem in Hong Kong is intertwined. Through housing social enterprises, we will build non-profit privately subsidized housing and find a new way out for the housing problem.”