Friday, July 25, 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:
Pro-Beijing group files complaints over donation by Jimmy Lai (07-24 15:28)
Group files donation complaint to ICAC (07-24 15:16)
Cheap flats come with high management fees (07-24 15:07)
Michael Suen testifies at Hui's trial (07-24 15:06)
Views over rent controls (07-24 15:05)
Talks begin between pan-democrats, CS (07-23 17:31)
Completion of M+ museum likely to be delayed (07-23 15:36)
380k signatures against Occupy Central so far (07-23 15:04)
Kwun Tong Line services return to normal (07-23 14:01)
Flights between HK and Taiwan disrupted (07-23 13:55)

More breaking news >>

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