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 has established the Hung Shui Kiu Industry Park Company to expedite development of a 23-hectare industrial park under the Northern Metropolis project, earning praise from developers as a 'one-stop service centre'. The company is set to be fully operational by mid-2026, alongside government incentives for a new land tender including phased payments and an extended bidding period.

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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.

The US investment bank JPMorgan has signed to lease 250,000 sq ft in Artist Square Towers, which will house its Kowloon operations from late 2028. Targeted for completion in 2027, the development comprises three harbourfront blocks offering about 672,000 sq ft of premium office space and 27,000 sq ft of retail space.

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Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for HK$2.2 billion (US$283 million). The two three-storey units at 6 Deep Water Bay Road have saleable areas of about 9,600 sq ft and 5,300 sq ft, acquired by the same buyer, with transactions set to complete in the first quarter of 2026.

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