The Hong Kong Special Administrative Region Government (HKSAR Govt) has released the full General and Special Conditions that will govern an upcoming residential land sale by public tender. Key commercial terms and development covenants are summarised below:
Payment and Completion Timetable • The successful tenderer must sign the Memorandum of Agreement within 14 days of the Government’s acceptance letter and settle the entire land premium within 28 days. • Failure to pay the further deposit or the balance of premium will trigger cancellation of the sale, forfeiture of all deposits and exposure to liquidated damages covering interest at 2 percentage points above the average Best Lending Rate, any resale shortfall and related costs.
Development and Building Covenant • The lot must be developed for private residential use only and completed—fit for occupation—on or before 31 March 2032. • Total gross floor area (GFA) must fall between 29,720 sq m and 49,532 sq m; the Government gives no guarantee that the maximum GFA can be achieved. • Each residential unit must provide a saleable area of at least 26 sq m. • Design, disposition, greenery area, building separation and setback are all subject to prior written approval by the Director of Buildings.
Land Use Restrictions and Environmental Obligations • All trees on or adjacent to the lot require written consent for removal; compensatory planting or landscaping may be imposed. • A Noise Impact Assessment (NIA) and a Sewerage Impact Assessment (SIA) must be submitted within six months and all approved mitigation measures implemented. • The purchaser must obtain a minimum “Provisional Gold” rating from the Hong Kong Green Building Council. • Ground-settlement, slope-stability and geotechnical risks rest entirely with the purchaser, who expressly waives any claim against the Government for future settlement or subsidence.
Parking and Access Requirements • Residential parking: scaled from one space per eight units (under 40 sq m) to one space per 0.6 unit (≥160 sq m). • Motor-cycle parking: one space per 100 residential units. • Loading/unloading: at least one 3.5 m × 11 m bay per 800 units, with a minimum of one per residential block. • All parking spaces must feature electric-vehicle charging infrastructure; chargers with ≥7 kW output are mandatory for every space by 31 March 2032. • Ingress and egress for vehicles are limited to designated points; temporary construction access requires separate approval.
Alienation and Financing Controls • No assignment, sub-sale, mortgage (other than building mortgages for development funding) or leasing beyond 10 years is allowed before full compliance with all Conditions, unless the Director’s prior written consent is obtained. • Post-completion sales must adopt a Government-approved Deed of Mutual Covenant; parking spaces may only be sold with residential units, capped at three per unit.
Operational & Maintenance Responsibilities • The purchaser must fund and maintain common areas, recreational facilities, greenery zones, noise barriers, sewerage connections and automatic meter-reading outstations, and must allow Government officers free access for inspection or remedial works.
Default & Re-entry Non-compliance with any Condition empowers the Government to re-enter the lot without refund of premium while reserving the right to claim all related losses, costs and damages.
The stringent framework underscores the Government’s policy emphasis on timely delivery, environmental performance and adequate infrastructure in new residential developments.