Wednesday, September 3, 2014   

(2014-15 Budget) 150 residential sites spotted to boost supply
(02-26 12:00)

The government has identified 150 sites for residential use, hoping to provide 210,000 public and private flats over the next five years, said Financial Secretary John Tsang Chun-wah. Thirty-four residential sites -- 24 are new ones -- providing about 15,500 will be put into the 2014-15 Land Sale Program.
Secretary for Development Paul Chan Mo-po will reveal further details tomorrow.
Meanwhile, Tsang has allocated HK$650 million for the next five years to various government departments to enhance land development efforts. This will create 229 jobs.
   
Other Hong Kong breaking news:
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Constraint on CE candidates 'strange' (33 mins ago)
MTR services disrupted by crack on track (1 hr 21 mins ago)
Flight restriction on devices relaxed (09-02 19:13)
Pro-democracy group admits likely defeat (09-02 18:50)
Police arrest 22 pro-democracy protesters (09-02 17:53)
Pan-democrats in dilemma over reform (09-02 12:27)
Election framework 'set in stone' (09-02 10:49)
Govt designates areas for marine parks (09-01 17:30)
Pan-democrats angry at NPC (09-01 17:24)

More breaking news >>

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