Exco Approves Controversial Peak Land-swap Deal
"); jQuery("#212 h3").html("
"); });
2018-03-27 HKT 18:18
Share this story
The Executive Council on Tuesday approved a land-swap deal on The Peak which will clear the way for a development on a piece of green belt land next to Aberdeen Country Park.
The green belt site is being exchanged for the adjacent 23 Coombe Road property, which houses the Grade-1 historical building the Carrick.
Conservationists had opposed the deal, saying it could lead to environmental damage and might set a dangerous precedent. They also said the government's policy for saving historical buildings is flawed.
Exco also approved the rezoning of the green belt plot for residential purposes.
HKMA Pushes Project Ensemble, Banks To Adopt Tokenised Deposits
The Hong Kong Monetary Authority (HKMA) will advance Project Ensemble and encourage commercial banks in the city to int... Read more
Singapore And Hong Kong Regulators Deepen Cooperation On Bank Oversight
The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Under... Read more
XTransfer, SPD Bank Shanghai Partner To Boost Cross-Border Trade For SMEs
XTransfer has entered into a strategic partnership with SPD Bank’s Shanghai Branch, announced at the “XTransfer Tra... Read more
PayPay To Be Accepted At Over 2 Million Merchants In South Korea Via Alipay+
From late September 2025, Japan’s largest cashless payment service, PayPay, will be accepted at more than two million... Read more
Lenovo Hong Kong And Cyberport Partner To Support Startups
Lenovo Hong Kong has announced the signing of a MoU with Cyberport, aimed at supporting Hong Kong’s innovation and te... Read more
PAObank Partners With CPAIHK To Integrate Banking And Insurance Services
PAObank, in which Ping An Insurance holds a stake, is marking its fifth anniversary with a new strategic partnership wi... Read more