Thursday 3 December 2020
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scmp - 1 month ago

Major Hong Kong transitional housing plan expected to run over budget, with units ‘more expensive than we initially thought’

A HK$5 billion sum earmarked for transitional housing in Hong Kong – the world’s most expensive property market – is not stretching as far as anticipated, with half the money already allocated toward building just a quarter of the units planned.The temporary homes, built with modular units pre-assembled on the mainland, have turned out to be more expensive to set up than initially thought, according to a surveyor.A committee responsible for assessing funding applications for transitional…


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