The Property is located in New Territories North New Town, within a core development area of the Northern Metropolis. According to the "North Metropolis Development Strategy," the area has been officially designated as a boundary commerce and industry zone, providing a strategically advantageous geographical position. The Property not only connects to Ping Che Road, but is also adjacent to Sha Tau Kok Road, making the Heung Yuen Wai Control Point only a 10-minute drive away. This allows owners to easily seize development opportunities in the Greater Bay Area. With the completion of major transportation infrastructure such as the Northern Link Main Line and the Northern Metropolis Highway (San Tin Section), the regional economy is set to grow, and the living environment will significantly improve, offering limitless appreciation potential.
Mr. James Siu, Deputy Managing Director and Head of Kowloon at Savills Hong Kong, said, “The Property for sale comprises adjoining agricultural land exceeding 110,000 square feet, with a market valuation of approximately $1,680 per square foot. The Property has clear ownership with no rights-of-way issues, offering high flexibility for use. It can be planned or subdivided according to needs, making it an ideal choice for both development and use. Coupled with the government’s recent active promotion of the Control Points Economic Belt, this high-quality and potential-rich large plot is extremely rare in the market, presenting a unique opportunity.”