Summary:
- The Development Bureau has invited expressions of interest for student hostel projects on three commercially zoned sites in Kai Tak, Siu Lek Yuen, and Tung Chung East, marking the first government land sale exclusively for student accommodation use.
- The three sites are expected to provide approximately 4,500 beds, with restrictions preventing the sale of individual rooms to ensure long-term, unified management of the hostels.
- This initiative follows a pause in commercial land sales amid high office vacancy rates, reflecting a strategic shift to meet strong student housing demand while limiting risks of unsuccessful tenders.
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