Property News · March 2, 2019

Solving Hong Kong’s chronic housing shortage requires a broad approach


Two of the most important sources for Hong Kong’s medium to long-term housing supply are the Kwu Tung North and Fanling North New Development Areas (NDAs) in the northeast New Territories, especially for public housing. These areas are also key to the government’s multi-pronged approach to increasing land supply. The Development Bureau recently submitted an application to the Legislative Council’s panel on development for HK$46.9 billion (US$6 billion) of funding for the main work, detailed…

Source : South China Morning Post
Read more…Solving Hong Kong’s chronic housing shortage requires a broad approach

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