Property News · September 12, 2018

What would entice developers to turn vast farmland holdings in New Territories into nearly 280,000 low-income flats?


The Hong Kong government could get nearly all of the 280,000 new subsidised flats it wants within a decade by incentivising private developers to unlock vast agricultural lands in the New Territories bought on the cheap long ago, the property consultancy Knight Frank said.
Knight Frank suggests that developers could be persuaded to join in a public-private partnership if the ratio of public to private flats they were required to build was between 20 per cent and 40 per cent, and certainly no…

Source : South China Morning Post
Read more…What would entice developers to turn vast farmland holdings in New Territories into nearly 280,000 low-income flats?

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