Massive Yuen Long Land Plot Listed at HK$113.8 Million Amid Northern Metropolis Relocation Wave
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
A substantial open storage land site in Kam Tin, Yuen Long, has been listed for sale at a market value exceeding HK$113.8 million. The rare parcel spans over 94,000 square feet and is composed of 18 land lots held under single ownership, offered on a vacant possession basis. Situated adjacent to the famous Chadwick Film Studios and accessible directly from Kam Tin Road, the site carries zoning permits for open storage, rural development, and other specified uses. The listing agent anticipates strong interest from logistics operators, vehicle showrooms, cold storage facilities, and construction material suppliers seeking replacement sites following government land acquisitions in the Northern Metropolis area.
Key Points
- The Kam Tin land comprises 18 individual lots consolidated under one ownership, eliminating complex multi-party negotiations for potential buyers .
- Current zoning permits diverse industrial applications including logistics transfer, workshops, cold storage, vehicle display, and construction material storage .
- Direct frontage access to Kam Tin Road allows heavy 40-foot containers and vehicles to enter without crossing private land or paying tolls .
- Government-driven Northern Metropolis development has forced relocations of industrial users from Kwu Tung, Ngau Tam Mei, San Tin, and Ping Shan .
- The listing agent is Jolly Good Property Consultancy, positioning the site as an ideal solution for displaced operators seeking large-scale industrial premises .
Why It Matters
The sale represents a significant opportunity in Hong Kong's evolving industrial land market as the Northern Metropolis initiative accelerates. Displaced businesses facing dwindling suitable land options now have access to a rare single-ownership mega site ready for immediate use. This transaction could set a benchmark for future industrial land valuations in the northern New Territories as government land acquisition continues.
The sale represents a significant opportunity in Hong Kong's evolving industrial land market as the Northern Metropolis initiative accelerates. Displaced businesses facing dwindling suitable land options now have access to a rare single-ownership mega site ready for immediate use. This transaction could set a benchmark for future industrial land valuations in the northern New Territories as government land acquisition continues.