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…
A senior Hong Kong official has defended the exclusion of public flats near the proposed site of the Pak Shek Kok rail station, arguing it will not align with the existing private housing already there and that the area lacks the necessary community facilities. Permanent Secretary for Development Doris Ho Pui-ling stressed on Friday that…
The much-delayed Pak Shek Kok station on the East Rail line is scheduled to open as early as 2033 after Hong Kong authorities revealed plans to require the MTR Corporation to build the project to boost connectivity for a tech hub. The Development Bureau said on Thursday that the project would be financed by allowing…
Hong Kong is rolling out a series of discounts, shopping perks, giveaways and countless deals to celebrate the 29th anniversary of the city’s return to Chinese sovereignty on July 1. To get you in the public holiday spirit, the South China Morning Post unpacks what is on offer, from deals on food and drinks to…
Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at…
New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack…
Prices for some new homes in Hong Kong have rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand, according to analysts. Developers have priced new units this year in Tseung Kwan O, Wong Chuk Hang and Tai Wai between 7 and 36 per cent…
A signalling equipment failure near a station along Hong Kong’s Tseung Kwan O MTR line has resulted in travel delays of 10 to 15 minutes during the Thursday evening rush hour, with passengers saying they were asked to get off their train. “Due to a signalling equipment fault near Po Lam station, the total journey…
Commuters wait on the platform as a train of MTR Corp arrives at Kowloon Tong station in Hong Kong, Feb 22, 2024. (SHAMIM ASHRAF / CHINA DAILY) HONG KONG – MTR Corp – Hong Kong’s sole rail operator – has raised 3 billion euro ($3.5 billion) through its first euro-denominated public green bond issuance. The…