Saturday 17 April 2021
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scmp - 2 month ago

Hong Kong budget: five commercial land parcels at old airport may be used for private housing

Five commercial lots in a key development hub in Hong Kong could be rezoned for private housing to help cope with a shortage of residential land, Financial Secretary Paul Chan Mo-po revealed during his budget address on Wednesday.The plots are located at the former international airport site in Kai Tak, and include three the government failed to sell over the past two years because property developers’ bids did not meet their undisclosed reserve price. They will yield about 5,800 private flats,…


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