Hong Kong will press on with selling residential plots, the development minister has said, despite an earlier warning from a credit-rating agency that oversupply is hurting the property market. Bernadette Linn Hon-ho also said on Saturday that authorities would not give up on creating artificial islands in the waters off Lantau as part of plans…
Some of the commercial sites of the Northern Metropolis could be rezoned for residential and other purposes according to the changing market situation, to give the megaproject more flexibility, Hong Kong’s financial chief has said. Financial Secretary Paul Chan Mo-po made the remarks on Sunday, two days after Secretary for Development Bernadette Linn Hon-ho said…
The Hong Kong government will offer eight small residential sites to developers in the coming financial year, aiming to provide about 4,450 private flats under the land sale programme. Secretary for Development Bernadette Linn Hon-ho said on Friday that the programme for the 2025-26 financial year would cover five new sites in districts with developed…
Beijing is concerned that Hong Kong may need help from mainland Chinese companies in developing large cross-border projects amid a public deficit, analysts have said, after its point man on city affairs met local officials ahead of the annual budget address. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), on Sunday…
Beijing’s point man on Hong Kong affairs has met the finance chief and seven other senior officials to hear their plans on the economy and financial services while inspecting two special cooperation zones operated by the city and neighbouring Shenzhen. The government said on Monday that Xia Baolong, director of the Hong Kong and Macau…
Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…
Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…
Chief Executive John Lee Ka-chiu has assured that Hong Kong’s business leaders have the freedom to make their own investment decisions, despite a top Beijing official’s call for their active participation in the city’s long-term development. But the city leader also said on Tuesday the business sector could further contribute to making Hong Kong a…
Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said. Economic and property specialists said the central government’s “explicit” call to…
Beijing’s point man on Hong Kong affairs has called on property tycoons to back the government’s long-term development drives such as the Northern Metropolis by actively bidding for the projects involved, the city’s development minister has said. Secretary for Development Bernadette Linn Hon-ho on Saturday revealed the appeals by Xia Baolong, director of the Hong…