Source: Hong Kong Government special administrative region
The Government announced today (March 20) that adjustments will be made to the Conditions of Sale for the tender of the site for Multi-storey Buildings for Modern Industries (MSBs) at Area 39A and 39B, Hung Shui Kiu and Ha Tsuen (i.e. Hung Shui Kiu Town Lot No. 10) (the Hung Shui Kiu Lot), and the MSB site at Yuen Long Fuk Wang Street and Wang Lee Street (i.e. Yuen Long Town Lot No. 545) (the Yuen Long Lot). The tender period of these two MSB sites will be extended to July 25, 2025.
The Government launched tenders under the two-envelope approach for the Yuen Long Lot and the Hung Shui Kiu Lot in March and October 2024 respectively. The original tender closing date of both sites was March 21, 2025. These two sites are the first batch of MSB sites rolled out for achieving the dual policy objectives of promoting the development of industries, and providing floor space to some brownfield operations displaced by government development projects to enable them to upgrade their operations. Under the two-envelope approach, tenderers must submit respective envelopes containing the non-premium proposals and premium proposals (accounting for 70 per cent and 30 per cent of the assessment weighting respectively), so that the Government can consider non-premium factors, such as how the MSB(s) concerned may drive development of industries and facilitate consolidation of displaced brownfield operations, in addition to premium offers, and award the site to the most suitable bidder.