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為峰集團
PARTICIPATORY GROUP
established since 2017
Participatory Assessment Management Services
Capital Empowering Urban Renewal | Unlocking the Era of Cross-District Transfer of Plot Ratio Opportunities
We are a specialized fund dedicated to urban redevelopment and renewal, leveraging capital and deep professional insight to drive strategic transformation and value regeneration in urban spaces. Against the backdrop of the Hong Kong Government's landmark relaxation of cross-district plot ratio transfer — a pivotal initiative announced by the Chief Executive in the 2025 Policy Address — we are now positioned at the forefront of an unprecedented strategic opportunity. This policy breakthrough fundamentally redefines the urban renewal landscape, unlocking flexible, capital-efficient pathways to realize and maximize value.
Core Policy Insight: Deconstructing the Opportunity of Cross-District Transfer of Plot Ratio
In the past, unused development rights (plot ratio) in redevelopment projects could only be reallocated within the same district, severely limiting value release. The new policy represents a groundbreaking change by allowing these valuable development rights to be transferred across districts from high-density old areas to other parts of Hong Kong — especially to new development zones such as the Northern Metropolis.
This means that old building projects that traditionally had limited redevelopment potential or poor financial viability can now have their latent value reactivated and maximized.
Policy Highlight and Business Opportunities
Focuses on the Seven Districts
The policy first launches a pilot scheme in seven designated districts with the most pressing redevelopment needs: Cheung Sha Wan (including Sham Shui Po), Ma Tau Kok, Mong Kok, Sai Ying Pun & Sheung Wan, Tsuen Wan, Wan Chai, and Yau Ma Tei. These districts, characterized by serious building deterioration and aging structures, represent the primary frontline for unlocking and realizing value under the new cross-district plot ratio transfer mechanism.
Developers or property owners may choose to apply the additional gross floor area directly to their own projects in new development areas, or convert it into an equivalent monetary amount that can be used to offset land premium payable in future land tenders, lease modifications, or land exchanges. This provides unprecedented financial flexibility.
Dual-options to maximise value
The Government has concurrently reserved land in Kwu Tung North and Fanling North in the Northern Metropolis for the Urban Renewal Authority to develop new residential buildings as alternative units for the “Flat-for-Flat” rehousing scheme. This measure effectively reduces rehousing pressure in the source districts and clears major barriers to large-scale urban redevelopment.
"Flat-for-Flat" innovative rehousing scheme
Our Strategy: Mastering the New Landscape, Creating Multiple Layers of Value
Under this brand-new policy framework, our role extends far beyond being a mere capital provider. We are strategic partners deeply versed in policy, planning, and capital markets, focused on identifying and constructing high-quality investment portfolios that fully align with the new mechanisms.
We actively position “receiving site” projects with strong high-density development potential in emerging areas such as the Northern Metropolis, as well as in strategically located sites within the urban core. By absorbing development rights transferred through cross-district mechanisms, we can substantially increase project scale and uplift potential returns. According to market analysis, a 20% increase in plot ratio can deliver an additional 15–20% in overall project returns.
Building the Value Engine for Receiving Sites
We focus on the seven designated districts and potential future expansion zones for old buildings hindered by fragmented ownership, planning constraints, or saturated plot ratios — known as “sending sites.” Leveraging expert title consolidation and land policy analysis, we convert these dormant development rights into highly tradable strategic assets.
Discover the hidden value of "sending sites"
We deliver comprehensive, end-to-end services across the entire project lifecycle: from initial policy analysis, project feasibility assessment, and intricate land title consolidation/acquisition, to mid-stage plot ratio transfer scheme design and inter-departmental government coordination, and through to final-stage financing, development execution, and exit planning. We excel especially at utilizing land premium offset mechanisms to significantly optimize funding costs and maximize investment returns.