Bill Row May Delay Vacant NT Land Plan: Govt
"); jQuery("#212 h3").html("
"); });
2019-06-25 HKT 17:37
Development Secretary Michael Wong has confirmed reports that the government's proposal to partner up with developers to build on vacant farmland in the New Territories may face a delay – due to the tense social atmosphere over the extradition bill saga.
Details of the Land Sharing Pilot Scheme were supposed to be unveiled by the end of next month.
But the minister said on Tuesday that the government is taking time to study the plan's details carefully, so it can balance different views.
Wong said it will be better to implement various government plans when society becomes calmer.
"We are still looking at the details. Give us a bit more time, so we will make an announcement when we are ready," the secretary said.
He added that the public will get updates about the project in a few weeks' time.
Chief Executive Carrie Lam had announced details of this plan in October last year with the formation of a body called the Land and Development Advisory Committee to vet applications.
Lam had said at the time that she wants to speed up the development of unused farmland sites.
Hong Kong FPS To Enable Small Cross-Border Payments With Mainland China By Mid-2025
The Hong Kong Monetary Authority (HKMA) has announced plans to connect the Hong Kong FPS with mainland China’s Intern... Read more
Asian Financial Forum Kicks Off In Hong Kong With Over 3,600 Attendees Expected
The 18th Asian Financial Forum (AFF) kicked off yesterday (13 January) at the Hong Kong Convention and Exhibition Centr... Read more
HashKey Group Secures In-Principle Approval For VASP License In Dubai
Hong Kong-based HashKey Group announced that its subsidiary, HashKey MENA FZE, has received In-Principle Approval (... Read more
IFAST Expands Offerings With Custodian Role For Private OFCs In Hong Kong
Fintech solutions provider iFAST HK can now act as a custodian for private Open-ended Fund Companies (OFCs). The OFC re... Read more
Hong Kongs Digital Banks Rethink Physical Branches To Improve Customer Experience
Some Hong Kong digital banks are rethinking their strategies and considering physical branches in Hong Kong, according ... Read more
WeLab Bank Hits Breakeven Four Years After Launch
WeLab Bank announced that it achieved breakeven in December 2024, just over four years after its launch. This update fo... Read more