Hong Kong plans 200-berth marina in Aberdeen site revamp

Hong Kong's Development Bureau announced on Wednesday plans to launch a tender in the first half of 2027 for the first marina in nearly 40 years, revamping a 1.16-hectare seaside site near Po Chong Wan in Aberdeen. The project will offer about 200 berths and include a yacht clubhouse with 250 flats.

Hong Kong's Development Bureau said on Wednesday it aims to launch a tender in the first half of 2027 for a marina—the first in nearly 40 years—noting strong market interest in the project. To clear the 1.16-hectare (2.8-acre) seaside site near Po Chong Wan in Aberdeen, the government plans to uproot a sailing programme provider and terminate 91 short-term leases held mostly by ship machinery and shipbuilding businesses. According to a paper submitted to the Southern District Council, the harbourfront site will deliver about 499,450 sq ft of gross floor area designated for a yacht clubhouse with basic repair facilities, catering and retail outlets, and 250 flats. The development will provide about 200 berths for yachts at most 50 metres (164 feet) long and mooring spaces across about 11 hectares of water.

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Hong Kong lawmakers in session voicing concerns over Huanggang checkpoint parking shortage, with Secretary Tang presenting solutions.
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Hong Kong lawmakers concerned over Huanggang checkpoint parking shortage

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Hong Kong lawmakers on Friday voiced concerns about the lack of parking at the upgraded Huanggang border crossing, deeming shuttle bus services inconvenient. Secretary for Security Chris Tang Ping-keung said authorities plan to build a nearby car park with shuttle buses to the checkpoint. Lawmakers called for an on-site public car park similar to the one at Heung Yuen Wai crossing.

A winning bid involving Henderson Land Development to operate a major Hong Kong harbourfront event space has expanded the developer's footprint in Central to three prime locations. Experts say this could result in greater accessibility and more visitors from surrounding commercial properties.

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Hong Kong's Secretary for Development, Bernadette Linn Hon-ho, announced that the government will offer nine residential sites to developers in the 2026-27 land sale programme, including three carried over from the previous list, expected to yield about 6,650 flats. Combined with other land sources, the potential supply of new flats is estimated to reach 22,580 units, an eight-year high. Linn noted that the market is recovering, with transactions steadily increasing.

Hong Kong developer New World Development has stepped back from consolidating three commercial sites in Causeway Bay due to high costs and patchy demand. The firm, which is selling assets to cut debt, said it would exercise prudence regarding costs, efficiency, and market conditions to deliver reasonable returns. Analysts describe a two-speed recovery in the city's commercial property market.

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Hong Kong’s West Kowloon Cultural District Authority has signed a HK$3 billion, 10-year loan facility agreement to address financing challenges until its residential property development generates income. The deal, with Industrial and Commercial Bank of China (Asia), or ICBC, is accompanied by a US$1 billion bond issuance in tranches. Board chairman Bernard Chan said it bridges a funding gap and signals the bank’s confidence in their future profitability.

Hong Kong's Airport Authority is partnering with Eythos to develop a HK$300 million (US$38.28 million) art storage facility set to open next year, as part of efforts to position the city as a global art trading hub. Authority CEO Vivian Cheung Kar-fay stated at a Wednesday contract signing that Hong Kong is the world's second-largest primary art trading market and a key gateway to mainland China.

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Guangdong province pledged to actively align with Hong Kong’s Northern Metropolis strategy in its 15th five-year plan released on Tuesday. The document mentions the Guangdong-Hong Kong-Macau Greater Bay Area 57 times and targets about 5% average annual economic growth for 2026-2030.

 

 

 

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