Billion dollar projects receive approval
By KENNETH KO
SUN Hung Kai Properties has secured approval from the Buildings Department to develop a multi-billion dollar twin-tower development in Kwun Tong Road.
The project will provide a potential floor area of 1.28 million sq ft, comprising a 30-storey industrial-office tower and an 18-storey commercial block above a three-storey podium.
Nan Fung Development has also received Government approval to build a 1.29 million sq ft residential project in Tseung Kwan O.
It will comprise five residential blocks, varying from 39 to 44 storeys, a four-storey podium and one basement.
These two large projects were among 54 plans approved by the Buildings Department last October.
The approved plans included 14 residential or residential-commercial projects, 14 commercial projects, 13 factory and industrial developments, and 13 community services developments.
Arlakon Development will build a seven-block residential project in Luen Wo Hui, Fanling, providing 1.08 million sq ft of residential space and 117,263 sq ft of commercial space.
Hang Lung Development received approval to develop two 28-storey residential blocks in Tuen Mun, with a potential floor area of 291,920 sq ft.
Hong Kong Macau Holdings will build a 12-storey residential block in Ma Tin Road, Yuen Long.
In October, consent was given for work to start on 43 building projects.