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Government Land Sale: Kwun Tong (Lot 1068 in SD 3)

25 local and mainland Chinese developers bid for a residential development site in Kwun Tong – the highest number recorded for a residential site in Kowloon.

The site, part of the Anderson Road Quarry (ARQ), was awarded to Chinachem for just over HKD 3.1 billion, setting a new benchmark for residential land prices in the area.

​Development plans for the ARQ show it is expected to house a total of 25,000 people from 2023-2024.

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