Anderson Road Quarry

Site R2-2 R2-3 R2-4

  Housing development:
Proposed Subsidized Sale Flats (Hong Kong
Housing Society)

Site for Estimated no. of Estimated

development Flats Population
R2-2 1,400 4,000
R2-3 420 1,200
R2-4 960 2,700

 Scheduled Completion Date:2024-2026

 Related construction: R2-5 to R2-8 are developed
by Housing Authority.
Development Project
Developer
Estimated Material Date
No. of blocks
No. of units
No. of storeys (including G/F,
excluding basement and rooftop)
Average unit rate of saleable area
Mount Anderson N/A
Chinachem Group Cheung Kong Assets Holding Limited
15-7-2023 /
4 10
334 Estimated to be 1,700 (including 1,000
‘Starter Homes’ and around 700
residential flats)
*saleable area: 250-500 sq. ft.*
Phase1,2,3 : 20 storeys 3 Phases: 32 storeys
Phase5 : 10 storeys 3 Phases: 24 storeys
*No Phase4* 4 Phases: One Family House
1 Phase: Clubhouse
HK$25454 per sq. ft. *1,000 ‘Starter Homes’*
(Saleable area: 337-907 sq. ft.) Market Price x 80%

***On the first day of sale, Mount Anderson only made 3 transactions and no more further
transaction. In 2023/1, the 3 buyers terminated the Agreement for Sale and Purchase.
Thus, in 2023/5, the Chinachem Group claimed that the site is aimed at the elderly group to create
aging-friendly community.
Property Age(yea Average unit rate of Location Distance to MTR station
Develpment r) saleable area (per (by walking)
sq.ft.)

Shun Chi Court 44 HK$10,500 4 Shun Chi St, Cha Liu 34 mins to Choi Hung Station
Au
Laguna City 33 HK$14,682 3 S Laguna St 9 mins to Lam Tin Station
Sceneway 32 HK$14,600 17 Sceneway Road, 1 mins to Lam Tin Station
Garden Lam Tin
Grand Central 3 HK$17,500-25,500 33 Hip Wo Street, Kwun 4 mins to Kwun Tong Station
Tong
Bal Residence 1< HK$19,000-25,500 18 Hang On Street, 6 mins to Ngau Tau Kok
Kwu Tong Station
Location 1077 Anderson Road 1078 Anderson Road
Bid Opening Date 23-11-2022 31-8-2022
Site Area 57,372 square ft. 63,292 square ft.
Buildable floor 110,288 square ft. 139,246 square ft.
area
Closing price 2.96 billion 7.66 billion
Successful Sun Hung Kai Properties Link
tenderer

WHY is there a big difference?

1. Link’s tender price is greater than the second greatest price
by 72.2%
2. The fall in value of commercial sites is greater than that of
residential sites.
- Great supply and surplus (high vacancy rate)
- Low efficiency to reach profit balance
 Amenities
1. Bus-to-bus interchange at the toll plaza of Tseung Kwan O Tunnel
2. Public transport Terminus: Bus + Minibus
3. Pedestrian Connectivity:
• 4 existing footbridges with lift towers connecting Shun Lee Estate, Shun Tin
Estate, Sau Mau Ping Estate, Po Tat Estate
• 4 new footbridges with lift towers and escalators connect to Kwun Tong town
Centre
4. Education: Kindergarten, Primary Schools, Secondary Schools
5. Medical System: Chinese and Western Medical Clinics, Dentist
6. Retail: Shopping Malls, Markets, Supermarkets
7. Community Service: Community Centre, Government Service , NGOs
 R2-2 R2-3 R2-4
Usage Residential(B)3 Residential(B)4 Residential(B)2
Area Around 1.75 hectares Around 0.6 hectares Around 1.06 hectares

Proposed no. 1400 420 960

of flats
No. of 6 building blocks; 16-23 storeys 3 building blocks; 13 storeys 4 building blocks; 10-28
building storeys
blocks and
storeys
- Area: 8.5 hectares
- Estimate Cost: HK$835million
- Scheduled Project Start: 2023-2024
- Estimated End date: 2025-2026
Proposed Facilities:
• Central grassland
• Garden
• Pet garden
• Amphitheatre
• Lake Park
• Ball Court
• Viewing Platform
• Bicycle Park
• Adventure Playground
• Orienteering Facilities
 Aim: ‘Single site, multiple use’
 Total Construction Area: estimated to be 36,500 square meters
 Location: Centre of the Anderson Road Quarry Development
between the residential communities to the north and south
 Proposed Structure: 2 building blocks of 3 storeys and 7 storeys
respectively, on top of a 2-storey basement
 Estimated proposed cost: $2,025 million
Proposed Facilities:
• A sports centre
• A small public library
• A community hall
• Welfare
• A public vehicle park
• Ancillary facilities (including a building
management office, a loading and
unloading area, a drop-off layby for
public vehicles and ancillary parking
spaces)