In August, the Buildings Department approved a total of 14 sets of building plans, including 4 on Hong Kong Island, 6 in Kowloon, and 4 in the New Territories. Among them, the site at Kai Tak Area 2A Lot 3, owned by Sino Land (00083.HK) in partnership with China Overseas (00688.HK), Great Eagle (00041.HK), and Chinese Estates (00127.HK), was approved for the construction of a 30-story commercial and residential property with 5 additional platform levels and 3 basement levels. The residential portion can have a total floor area of approximately 0.4175 million square feet, while the non-residential area is around 0.0708 million square feet. The consortium acquired Lot 2 and Lot 3 at Kai Tak Area 2A for 5.35 billion yuan in September last year, with a floor area land price of 5,392 yuan per foot.