Govt Picks 4 Sites For Planned Light Public Housing
"); jQuery("#212 h3").html("

"); });
2022-11-29 HKT 20:16
The government on Tuesday revealed that it picked four plots in Tuen Mun, Fanling and Sheung Shui to build light public housing flats.
Officials hope the units – first announced in Chief Executive John Lee's maiden policy address – can help shorten the waiting time for public flats.
In papers submitted to the Legislative Council, the Housing Bureau said the sites range from 0.8 to 8.9 hectares in size.
They are located next to Castle Peak Hospital and Yan Tin Estate in Tuen Mun, Fairview Park and Fanling Golf Course.
The bureau said officials are also trying to locate more land in urban areas for similar projects, and would announce more details in the first half of next year once those sites are considered to be feasible.
It estimated the Architectural Services Department would complete the first batch of flats, of around a thousand units, in the financial year of 2024-25.
It added that it plans to seek around $26.8 billion in the first quarter of next year from Legco for their construction, while another $4 billion and $300 million would be needed for operating the flats and hiring extra manpower to implement the projects.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more
