Hong Kong’s major developers are rushing to build more flats on farmland they already own and at urban sites where old buildings can be bought and torn down.The push comes as the city government is slowing down the amount of land it is making available for developers to buy for private residential projects.In June 2018, chief executive Carrie Lam Cheng Yuet-ngor announced that nine government sites – three in Kai Tak and six in Anderson Road Quarry – originally earmarked for private housing had…
Source : South China Morning Post
Read more…Hong Kong developers looking to build on farmland, sites of old buildings as government reduces land available for private flats















