Govt Takes Back Three Private Sites To Build Flats
"); jQuery("#212 h3").html("

"); });
2021-05-13 HKT 21:39
Development officials on Thursday said they were going to invoke the Land Resumption Ordinance to take back three plots of private land in Yuen Long and Fanling to build subsidised housing.
The three sites are located at Shap Pat Heung Road near Lung Tin Tsuen and near the junction of Yuen Lung Street and Yau Tin East Road in Yuen Long, as well as San Wan Road near Wong Kong Shan in Fanling.
Altogether, they are expected to produce about 1,600 flats.
The three plots are among 10 that were identified by officials to explore their potential for high-density housing development.
The Development Bureau said the three were chosen after considering a number of factors, including the overall planning of the areas as well as the community facilities and infrastructure available.
"The announcement indicates the government's readiness to take the lead in developing these sites through resumption for a public purpose if the potential has not been realised in a timely manner," a spokesperson said.
As for the remaining seven land parcels, officials said two of them are considered to be unsuitable for housing development, while the other five would not be resumed at this stage.
StartmeupHK Festival And Hong Kong Fintech Week 2025 Merge For 10th Anniversary Milestone
Invest Hong Kong (InvestHK) announced on 10 March 2025 that both of its flagship events, Hong Kong Fintech Week 2025 an... Read more
Ant AI-Powered Health Insurance Processes 7.25M Claims In 2024, 55%YoY Increase
In 2024, Ant Insurance, the online insurance brokerage platform of Ant Group, processed 7.25 million health claims, mar... Read more
Ping An Talent Uses AI For Job Matching, But Can Technology Make Recruitment Fairer?
Ping An Insurance (Group) Company of China, Ltd. has launched its 2025 Spring Campus Recruitment, offering over 2,000 p... Read more
HKEX Partners With CMU OmniClear To Boost Post-Trade Securities Infrastructure
Hong Kong Exchanges and Clearing Limited (HKEX) announced on 4 March 2025 that it signed a Memorandum of Understanding ... Read more
PAObank Secures Insurance Agency Licence, Partners With Ping An And FWD Hong Kong
PAO Bank Limited (PAObank) has received its Insurance Agency Licence from the Insurance Authority and signed strategic ... Read more
IFAST Launches Self-Service Accounts For Hong Kong Family Offices
Fintech solutions provider iFAST HK launches self-service accounts in Hong Kong, catering to the growing demand for ind... Read more