Monday, November 24, 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:
(Update) Twenty hurt in Light Rail-bus crash (11-21 18:50)
Democracy activists protest outside British consulate (11-21 17:53)
Bid to appeal against injunction order rejected (11-21 17:28)
Nineteen hurt in Light Rail-bus crash (11-21 15:33)
Legco probe into CE blocked again (11-21 14:56)
Eleventh arrest over Legco break-in (11-21 14:56)
HK journalists barred from Philippines (11-21 14:54)
Six in court over Legco break-in (11-21 14:54)
Students should tone down protest: Patten (11-21 11:14)
Student leaders condemn storming of Legco building (11-20 18:32)

More breaking news >>

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