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.
Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security
Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more
Hong Kongs Cashless Future Is Closer Than You Think
A recent Worldpay report indicated that the digital wallets Hong Kong has could dominate its payment landscape by 2030.... Read more
HKMA Green Fintech Competition Open For Submissions
The Hong Kong Monetary Authority (HKMA) announced the launch of the 2025 Green Fintech Competition on 9 May 2025. It is... Read more
HSBC Launches Refreshed Hong Kong App With Smarter, Personalised Features
HSBC Hong Kong announced the launch of it refreshed HSBC HK App on 7 May 2025, set to roll out by phases beginning mid-... Read more
Chubb Life Hong Kong Launches Health Up Insurance For The Tech-Savvy
Chubb Life Hong Kong introduced the Health Up Insurance Plan (Health Up) on 7 May 2025. The Chubb Health Up Insurance d... Read more
Ant International Eyes Hong Kong IPO, In Talks With Regulators
Ant Group, a subsidiary of China’s Alibaba Group, is reportedly planning to list its overseas branch, Ant Internation... Read more