Property News · September 25, 2019

New World Development donates 3 million square feet of farmland to ease Hong Kong’s housing crisis


New World Development said it will donate 3 million square feet of farmland for public and social housing development in Hong Kong.Adrian Cheng Chi-kong, executive vice-chairman and general manager at New World Development said the donation was aimed at alleviating the serious shortage of land for housing that has been touted as one of the issues driving the social unrest currently crippling the city.It is the first of the city’s property developers to donate land, as they come under intense…

Source : South China Morning Post
Read more…New World Development donates 3 million square feet of farmland to ease Hong Kong’s housing crisis