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Billion dollar projects receive approval

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SUN Hung Kai Properties has secured approval from the Buildings Department to develop a multi-billion dollar twin-tower development in Kwun Tong Road.

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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.

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The approved plans included 14 residential or residential-commercial projects, 14 commercial projects, 13 factory and industrial developments, and 13 community services developments.

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