Friday, October 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:
Protesters to hold street vote (1 hr 52 mins ago)
CY should consider quitting: Tien (1 hr 57 mins ago)
High Court hears injunction application (10-24 15:48)
Sharp rise in new flats (10-24 15:48)
Lion Rock pro-democracy banner removed (10-24 15:44)
Tung calls for end of democracy protests (10-24 15:42)
More dialogue urged between govt and students (10-24 12:06)
Eleven arrested in connection with protests (10-23 19:00)
Some makeshift barriers removed in Mongkok (10-23 18:59)
Protests risk turning into civil disorder: Court (10-23 15:32)

More breaking news >>

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