The tender for a logistics site at the junction of Tsing Hung Road and Tsing Yi Road in Tsing Yi has been awarded on a 50-year land grant at a premium of $3.68 billion, the Lands Department announced today.

Tsing Yi Town Lot No. 202 was awarded to Titanium 2 (HKSAR) Limited, a subsidiary of Mapletree Investments Pte Ltd.

It has a site area of about 44,318 sq m and is designated for logistics services and public vehicle park purposes. The site’s maximum gross floor area is 227,836 sq m for developing multi-storey modern logistics facilities and a public vehicle park, thereby achieving multiple uses on one site.

The Action Plan on Modern Logistics Development promulgated in 2023 is committed to providing a stable supply of quality logistics sites by releasing four such sites near the Kwai Tsing Container Terminals to address the industry's need for modern, high-end, multi-storey logistics facilities primed for high value-added logistics operations with synergy with our port.

The Transport & Logistics Bureau said the positive market response to this land lot, which is the first of these sites, clearly reflects the trade's continual confidence in Hong Kong's role as an international logistics hub.

The Government will release the remaining three logistics sites in a timely manner, taking into consideration the market situation, the bureau added.