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…
Hong Kong authorities are open to supporting universities in issuing bonds to fund the development of the proposed University Town in the Northern Metropolis, with lawmakers calling for a dedicated approval and credit rating mechanism. Financial Secretary Paul Chan Mo-po signalled the government’s intention during a meeting of the Legislative Council’s Finance Committee on Thursday,…
The Northern Metropolis is in the news almost every day. The big policy focus for the administration, it is determining a new future for Hong Kong. Part of the New Territories, which were dubbed “a land between” in the 1980s, the area was once little more than a rural leftover between urban Hong Kong and…
Hong Kong’s Hung Shui Kiu industrial park will leverage its location advantage to focus on advanced manufacturing, including proprietary Chinese medicine products, in a bid to differentiate itself from the San Tin Technopole, according to development authorities. While the government has yet to set key performance indicators (KPIs) for the company operating the park, a…
Hong Kong authorities have expedited the Northern Metropolis megaproject by setting up a non-statutory company to run a 23-hectare site in Hung Shui Kiu, while putting up the pilot area for tender. In a statement issued on Monday, the Development Bureau said it planned to name the company the Hung Shui Kiu Industry Park Company….
Cheung Siu-ling struggles to fight back tears whenever she looks at the 600 goats she has kept for years at a farm near Hong Kong’s border. By the end of January next year, the herd will either have to be relocated or put down. The owner, who is in her fifties, has kept goats for…
Hong Kong authorities took market rates into account before setting a two-year annual subsidy of HK$150,000 (US$19,278) for flat owners displaced by the Tai Po fire, the city’s home affairs minister has said, amid calls for the government to monitor whether the new measure will further drive up rents in the area. Under the new…
Peking University intends to establish a research institute in Hong Kong’s future university town in the Northern Metropolis, the city leader has said, as he wrapped up his three-day duty visit to Beijing. Chief Executive John Lee Ka-chiu met Peking University’s party secretary He Guangcai at the campus before having breakfast with four young Hongkongers…
Hong Kong’s development minister has vowed to learn from the experience of Super Typhoon Ragasa and review coastal facilities, saying that flood mitigation measures will be introduced for high-risk areas such as Tseung Kwan O and Aberdeen. Secretary for Development Bernadette Linn Hon-ho made the pledge on Saturday, three days after Ragasa inundated low-lying and…
Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city’s three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. “The share of digital submission continues…