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…
Hong Kong authorities aim to sell the first sizeable site under the Northern Metropolis next year in a bid to encourage the private sector to expedite development of the megaproject in the northern New Territories, a minister has said. Secretary for Development Bernadette Linn Hon-ho also hinted on Sunday that the government could separately sell…
Hong Kong may need up to five years to develop full waterfront infrastructure and must fix a shortage of berths if it aims to become a hub for yacht tourism, a property and entertainment magnate has said. Lan Kwai Fong Group chairman Allan Zeman outlined his vision after Chief Executive John Lee Ka-chiu announced plans…
Hong Kong may need up to five years to develop full waterfront infrastructure and must fix a shortage of berths if it aims to become a hub for yacht tourism, a property and entertainment magnate has said. Lan Kwai Fong Group chairman Allan Zeman outlined his vision after Chief Executive John Lee Ka-chiu announced plans…
A consultant commissioned by the Hong Kong government has recommended that authorities prioritise the creation of the 338-hectare (835-acre) Sam Po Shue wetland park as it establishes conservation areas in the Northern Metropolis, while warning that two of three other parks in the area may be smaller than expected. The report, released by the Agriculture,…
More than 100 foreign leisure boats have arrived in Hong Kong annually for tourism over the past few years, prompting authorities to look into expanding the city’s docking facilities to meet local and visitor demand, according to the development chief. Secretary for Development Bernadette Linn Hon-ho highlighted the plans during a radio programme on Thursday,…