The Lands Department today issued Practice Note No. 2/2025 inviting in-situ land exchange applications for designated development sites within the Yuen Long South New Development Area second phase development (YLS NDA).

The land exchange applications in this round cover two sites planned for industry development, about 4.9 hectares in total, which are mainly for logistics and storage uses, etc.

The deadline for land exchange applications this round is May 19, 2025, while the deadline for acceptance of binding basic terms offer (with premium) is May 19, 2026.

The department added that applicants may choose standard rates for premium assessment as an alternative to the conventional case-by-case assessment mechanism. The applicable level of standard rates will be announced later this year.

If an application cannot be concluded within the specified deadline, the Government will proceed with land resumption and commencement of construction works in order not to delay the works programme of the entire YLS NDA.