Six-Consortium Wins First Northern Metropolis Pilot Project with HK$16.8B Investment
RTHK · 3 SOURCESabout 1 hour ago3 MIN
Summary
A consortium of six major enterprises led by China Overseas Development (688) and JD.com (9618) has won Hong Kong's first District Development pilot project in the Hung Shui Kiu/Ha Tsuen New Development Area of the Northern Metropolis, with a total investment of approximately HK$16.8 billion. The project will develop modern logistics facilities, more than 3,000 residential units, and community commercial space, with the consortium expected to create over 6,000 jobs throughout the project lifecycle and supply chain. The Development Bureau announced that the bid was awarded to Hung Shui Kiu New Development Company Limited, a joint venture formed specifically for this initiative, which will be responsible for land formation, infrastructure, and public open space construction. The industrial park land designated for the Hung Shui Kiu Industrial Park will expand from 23 hectares to approximately 27.5 hectares following the project's completion.
Key Points
- Six enterprises form consortium including China Overseas, China Merchants Land, China Resources Land (Overseas), China Tourism Group Investment, JD.com, and Sino Group
- Project located adjacent to MTR Tuen Ma Line Hung Shui Kiu Station with total investment of HK$16.8 billion
- Development to include modern logistics facility, over 3,000 residential units, and community commercial space
- Expected to generate more than 6,000 jobs across construction, operations, and upstream/downstream industries
- Industrial park land will expand by approximately 20% from 23 hectares to 27.5 hectares
- Government adopted "dual-envelope" tender system with non-price factors weighted at 70%
- JD Logistics to introduce Hong Kong-first robotic technologies including "Smart Wolf" goods-to-person system and autonomous vehicles
- Modern logistics facility targeted to commence operations within 55 months
- ESG initiatives include solar photovoltaic panels, rainwater harvesting, and STEM education for over 3,000 students annually
Why It Matters
The successful tender demonstrates market confidence in the Northern Metropolis development model, with the 70% weighting on non-price factors validating the government's shift toward industry-driven development over traditional land sales. The project will establish a blueprint for subsequent phases including Fanling North and San Tin Technopark, while positioning Hong Kong as a regional logistics hub leveraging proximity to the Shenzhen Bay Port for cross-border supply chain integration with the Greater Bay Area .
The successful tender demonstrates market confidence in the Northern Metropolis development model, with the 70% weighting on non-price factors validating the government's shift toward industry-driven development over traditional land sales. The project will establish a blueprint for subsequent phases including Fanling North and San Tin Technopark, while positioning Hong Kong as a regional logistics hub leveraging proximity to the Shenzhen Bay Port for cross-border supply chain integration with the Greater Bay Area .