No government subsidies will be needed to build the long-awaited Pak Shek Kok station on the East Rail line, Hong Kong’s minister has said, after authorities agreed to grant the MTR Corporation development rights at two sites. Secretary for Development Bernadette Linn Hon-ho said on Saturday that the “rail-plus-property” model would fully cover construction costs,…
Hong Kong’s government will release just one residential site for sale in the July to September quarter, maintaining a cautious approach even as the housing market rebounds, while officials argue that supply from other channels will keep the city on track to meet its housing targets. A 5,170-square-metre (55,649 sq ft) site on Fat Kwong…
Stretches of green farmland and shimmering ponds, winding village roads and sprawling brownfield logistics yards all lend Hung Shui Kiu in the New Territories a patchwork look of rustic Hong Kong standing in stark contrast to its glistening skyscrapers. This rural landscape is slated for radical transformation under the government’s ambitious Northern Metropolis blueprint and…
Hong Kong’s development chief has welcomed collaboration between property developers and industry operators in bids for the Northern Metropolis pilot project, saying the consortium reflected diversity and the government’s aim of pairing the two sectors. Secretary for Development Bernadette Linn Hon-ho made the remarks on Saturday despite the government only receiving two bids for the…
Hong Kong’s Hung Shui Kiu industrial park operator will consider issuing bonds to finance its future operations and propose tax concession measures to the government to attract enterprises to set foot in the area. Veteran industrialist Jeffrey Lam Kin-fung made the remarks on Sunday, two weeks before he is due to start his three-year term…
A major exhibition featuring more than 250 sets of Han dynasty relics – most of which have never been displayed in Hong Kong – is offering a rare look into one of the most influential periods of Chinese history. The showcase, titled “The Majestic Han: A Golden Age of Vigour and Cultural Integration”, is running…
Hong Kong’s legislature will retain the power to scrutinise boundary changes for the Northern Metropolis megaproject proposed by the executive branch, the city’s development chief has said, addressing concerns over proposed laws to fast-track the scheme. Under proposed legislation comprising six main subsidiary laws designed to remove bottlenecks in the massive scheme near the border…
Hong Kong’s Northern Metropolis near the border with mainland China will adopt laws to streamline land approval procedures from nine to two months in a move to speed up its development, the South China Morning Post has learned. Sources told the SCMP that details of the dedicated legislation for the Northern Metropolis would be announced…
A “relatively flexible” legal framework for Hong Kong’s Northern Metropolis will be introduced to the Legislative Council in late March to fast-track the megaproject’s development, a minister has said. Secretary for Development Bernadette Linn Hon-ho shared the update on the planned framework on Sunday, days after the city’s latest budget sought to allocate HK$30 billion…
Nine residential sites will be offered to developers in the coming financial year to provide about 6,650 flats under a Hong Kong land sale programme, after authorities highlighted the property market had stabilised in the latest budget. Combined with other land sources, such as urban redevelopment, private development and projects linked to railway properties, the…