Fanling-Sheung Shui New Town (traditional Chinese: 粉嶺／上水新市鎮) was developed from the traditional market towns (Luen Wo Hui and Shek Wu Hui) and villages around Fanling and Sheung Shui, within the present-day North District in the New Territories of Hong Kong.

With development started in the mid-1980s, the new town presently has a population of 247 000, with an ultimate capacity of 264 000 upon full development.

The total development area is about 780 hectares (7.8 square kilometres or 3.01 square miles) which includes residential, commercial, industrial, social, community and recreation facilities.

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