Sun Hung Kai Properties, Hong Kong’s largest developer by value, has said it will cooperate with the government should it use the Lands Resumption Ordinance to acquire rural land it owns, but only as far as land already zoned for public housing use was concerned.The developer has five to seven plots in areas already zoned for subsidised housing in Hung Shui Kiu and in the northern New Territories. It holds 300 hectares of farmland in total, of which two-thirds is in different stages of land-use…
Source : South China Morning Post
Read more…Sun Hung Kai, Hong Kong’s largest developer, to only accept Lands Resumption Ordinance for plots already zoned for public housing
