A 100,000 square foot Ap Lei Chau site, the first Government lot for mixed development of private and subsidised housing, will be released for sale by tender next Friday.
The Government has arranged two such sites for sale as a pilot scheme which is aimed at using private developers' resources to help improve the quality of subsidised housing.
The second lot is a 180,000 sq ft site in West Kowloon Reclamation which is scheduled to be put out to tender in February.
The concept of mixed development has received severe criticism from developers who do not want private units to be mixed up with subsidised housing units.
Developers argue that letting low-income people and those who pay the full price of flats live under one roof is not appropriate.
Chesterton Petty executive director Charles Chan Chiu-kwok believed this factor alone would make the land value of the Ap Lei Chau mixed-development sites 10 to 15 per cent lower than ordinary sites.
But he said big developers would still be interested in bidding for the site.
