Sino Land chairman Daryl Ng said the Kam Sheung Road project marks a key step in advancing the Northern Metropolis
A consortium led by Sino Land and Great Eagle Holdings, alongside two major mainland Chinese developers, has won the tender for the Kam Sheung Road Station Phase Two development, signalling continued confidence in Hong Kong’s Northern Metropolis and its long-term growth prospects.
The group – which also includes state-backed developers China Overseas Land & Investment and China Merchants Land – plans to invest more than HK$13 billion (US$1.7 billion) to build high-quality residential projects that align with the area’s infrastructure and industrial planning.
“As the first notable large-scale project in the Northern Metropolis, the Kam Sheung Road Station Phase Two Property Development is integral to the visionary blueprint, which is set to grow into an international I&T [innovation and technology] hub with boundless potential,” said Daryl Ng Wing Kong, chairman of Sino Land.
The site sits within the Northern Metropolis, a flagship initiative aimed at strengthening Hong Kong’s economic base and deepening integration with the Greater Bay Area.
With the planned completion of the Northern Link, Kam Sheung Road Station is expected to become a key interchange connecting the new line with the existing Tuen Ma Line.
The consortium beat seven rival bids, including those from major developers such as CK Asset Holdings, Henderson Land Development, Sun Hung Kai Properties and Wheelock Properties.
Source: News - South China Morning Post
