Hong Kong Development Plan | Development Bureau: Received 8 Letters of Intent, Strong Market Interest

SighingCashier · 2026-03-26T04:22:11+00:00

The Development Bureau announced the recovery of the Cloth and Dyeing Factory Bay Temporary Industrial Zone, with plans to expand Aberdeen Typhoon Shelter into a yacht tourism comprehensive development area, featuring approximately 200 yacht berths and 250 residential units. The Development Bureau has received 8 development letters of intent, and the project has been very positively received by the market. Ho Pui-ling stated that Hong Kong has insufficient yacht berths and needs to increase supply. The new residential project is mid-to-high-end, with a recommended plot ratio of 4 and building height of approximately 130 meters.

SighingCashier

2026-03-26 04:22:11

Abstract generation in progress

The Development Bureau announced the withdrawal of the temporary industrial zone at Po Luen Wan and details of expanding Aberdeen Typhoon Shelter into a yacht tourism complex. The tender for the area will be launched in the first half of next year, including about 200 yacht berths and 250 residential units.

Permanent Secretary for Development, Miss Carrie Lam, stated on a radio program that they have received a total of eight development interest submissions from local and overseas parties. Many of these are operating yacht mooring facilities in Hong Kong, and some have experience managing yacht mooring facilities in Singapore.

Miss Carrie Lam pointed out that there is strong market interest in this project and valuable feedback has been provided, such as the required onshore facilities and the type of development that can help promote Hong Kong’s yacht economy while fully unlocking land potential.

Hong Kong Lacks Yacht Berths, Supply Must Be Increased at the Source

She also mentioned that Hong Kong lacks yacht berths, with approximately 12,000 registered pleasure boats in total, but only about 3,000 berths available. Therefore, supply needs to be increased from the source.

Carrie Lam expects that the new residential developments will be mid- to high-end. Since there are already medium- to high-density buildings nearby, the density of the new project will be slightly lower, with a suggested plot ratio of 4. She emphasized that the project does not intend to build standalone houses. Due to the waterfront location, building heights are expected to be relatively low, around 130 meters.

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