The site was commissioned at an A.V. doubling the adjacent site awarded to Sun Hung Kai Properties in February 2025.
Insight
22 May 2026
A Tung Chung site sold for HKD 1.63 billion
Categories:
- The site was acquired at an A.V. of HKD 3,052 per sq ft (based on the maximum allowable total GFA), placing it at the upper end of market expectations.
- Able Engineering Company, the buyer, provides a range of specialised construction services, including building, infrastructure, renovation, and site works, etc. for both private and public sectors.
- The site is expected to yield about 990 residential units, comprising primarily small to medium sized homes, with completion required by early 2032.
- Accessibility to the site from Tung Chung MTR Station is limited, requiring around a 20-minute walk or 15 minutes by public transport.