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Railway land bank is depleting quicklyailway land bank is depleting quickly

(Figure 12) Railway property development tenders that have been awarded or will be awarded

Property development packages awarded in the past 5 years

Estimated number Expected tender
of private housing award date
units
Kam Sheung Road
Package 2 1,040 2024—2025
Pat Heung
Maintenance Centre 6,060 Under review

Siu Ho Wan Depot 4,200 [1] Under review

LOHAS Park Station
Package 13 ~2,500 2020—2021
Wong Chuk Hang ~1,500 2020—2021
Package 5 & 6

The remaining landbank of 15,300 units from the railway tenders cannot last for many years.

Note: [1] There will be a total of 14,000 units for Siu Ho Wan Depot according to the latest planning proposal disclosed. Assuming a development approach of 30:70 split in
units for private and public housing, Siu Ho Wan Depot might supply 4,200 units for private housing at a conservative estimate.
Sources: Various newspapers, MTR Corporation, and Our Hong Kong Foundation

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