The Buildings Department approved the 21 plans in July.

Hong Kong Hing Yip (00480), two residential sites in Lu Po Road, Tai Po, which was jointly invested by Hysan (00014) in 2016. It was approved by the Buildings Department in July this year to construct 14 tiered houses and 41 bungalows. Henderson Land (00012) has also approved the revised plan for the two residential sites in Kowloon East Kai Tak in February this year. It has also approved the construction of 14 blocks.

Hingye Luhui Road, 55 buildings

The Buildings Department approved 21 building plans in July this year. The newly approved plans will be built on the first floor of the Luhui Road project. 41 three-storey bungalows and 14 five-storey towers will be built on the first floor. Floor house.

The two sites are adjacent to Tai Po Ju Ho World. The land price is about 3.393 billion yuan. The developer paid about $16.8 million to the Lands Department last year. Hong Kong Industrial Development revealed at the end of last month that the project is undergoing site leveling works. It is expected to be completed in 2021 and will be available for sale in the form of uncompleted flats.

In February of this year, Henderson purchased the No. 3 site of Kai Tak 1K District (hereinafter referred to as 1K3) and No. 3 of No. 1L Zone (hereinafter referred to as 1L3) for about 15.96 billion yuan. The two plots were successively in October last year and this year. Building plans approved in January.

According to the latest revised plan approved by the Buildings Department, the address of 1K3 is No. 7 Mu Tai Street, and 1L3 is No. 8 Mu Tai Street. Henderson will abandon the construction of the building on the site and will instead construct 14 blocks of 5 to 35 floors. In the residential area, there are two additional two-storey commercial buildings. The two projects provide a total of about 1053,000 square feet of floor space.

In addition, the Buildings Department data showed that there were three site constructions in July this year (subject to the notice of the commencement of the construction of the superstructure), involving 992 people. According to data from the Lijiage Real Estate Research Department, only 8805 people started construction in the first seven months of this year, a decrease of 34.5% year-on-year, which is the lowest in the past four years. As for the completion rate in July, it was 2,392, an increase of 1.27 times compared with June.