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The first batch of simple public housing sites and cost exposures are all in the New Territories. Residents have the opportunity to be adjacent to luxury houses

2022-11-29T10:15:36.308Z


The government plans to build 30,000 "simple public housing" units in the next five years to meet the demand for short-term rental housing. The authorities finally announced the site selection of the first batch of projects, all of which are located in the New Territories. Four pieces of land have been initially finalized, including Area 3A in Tuen Mun and Area 5 in Tuen Mun.


The government plans to build 30,000 "simple public housing" units in the next five years to meet the demand for short-term rental housing.

The authorities finally announced the site selection of the first batch of projects, all of which are located in the New Territories. Four pieces of land have been initially finalized, including Area 3A in Tuen Mun, Area 54 in Tuen Mun, Yau Pok Road in Yuen Long and Liantang Mei in Sheung Shui, among which are located in Tuen Mun The first two sites of the project are adjacent to the Light Rail Tsing Chung Station and Jing Tin Estate, a new public housing estate in Tuen Mun. The Yuen Long project is adjacent to Fairview Garden, while the site in Sheung Shui is close to the Beas River and Liantang Mei, far away from the MTR station. At the grassroots level, transportation is relatively inconvenient.


The cost of the project was also exposed for the first time. The government plans to apply to the Legislative Council for a one-off appropriation of 26.79 billion yuan. After deducting infrastructure, operating and manpower expenses, the cost per unit reaches 716,000 yuan.


The first batch of sites for simple public housing


The government submitted a document to the Legislative Council stating that it is actively looking for other suitable sites in the urban area, and aims to announce the relevant details in the first half of next year.

The government also revealed that some private land owners have expressed their intention to provide land to build "simple public housing". However, the details are not disclosed in this document. Explain the identity of the developer who selected the site and borrowed the land.

In addition, the document also mentioned that some simple public housing projects, especially those located in urban areas, will have more floors to provide more units, but related projects require additional piling works, mechanical and electrical assembly and installation of lifts, Some sites may also need to include infrastructure projects outside the site boundary. The expected construction period is generally about one to two years. If the project has more floors and involves more complex engineering, the overall construction period will be longer.

The document also mentions that the Architectural Services Department will officially start the construction of some simple public housing projects in 2023/24. The first batch of more than 1,000 units is expected to be completed in 2024/25 at the earliest. The remaining units will be completed in 2025/26 and 2025/26. Completion in phases from 2026/27.

The project cost 26.79 billion

In addition, the cost of simple public housing has also been exposed for the first time. The government proposes to apply for a one-off grant from the Public Works Subcommittee of the Legislative Council and the Finance Committee in the first quarter of 2023 to pay for the research, design, and construction of all "simple public housing" projects. and related engineering costs, and carry out the technical assessment, detailed design and construction works of each "simple public housing" project at full speed.

According to the government, the estimated cost of the design and construction project of the "simple public housing" project is about 26.79 billion yuan, and the estimated cost of related infrastructure works is about 600 million yuan; The expenditures for the "simple public housing" project are about $4.4 billion and $300 million respectively.

In other words, after deducting manpower and infrastructure costs, the total cost of building 30,000 units of simple public housing is 21.49 billion yuan, that is, the construction cost of each unit is 7,163.33 million yuan, which is close to the cost of a traditional public housing unit.

Source: hk1

All news articles on 2022-11-29

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