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.
Vietnam And South Korea Launch Cross-Border QR Payments
Vietnam and South Korea have launched cross-border QR payments that allow Korean users to pay merchants in Vietnam thro... Read more
WeChat Pay Integrates With Local QR Networks In 5 Asian Countries
WeChat Pay has integrated its service with national QR code networks in five Asian countries, simplifying cross-border ... Read more
Global Transition Finance Ecosystem Gains Momentum
The global transition finance ecosystem is gaining momentum. According to new research by the Hong Kong Institute for M... Read more
Banking Circle Taps PayGate To Ease KRW Cross-Border Payments Into South Korea
Global payments bank Banking Circle will now handle cross-border transactions and settlement flows for South Korean pay... Read more
Equinix AI Discovery Hub Opens In Hong Kong For Enterprise AI
Digital infrastructure company Equinix is partnering with Hewlett Packard Enterprise (HPE) to launch the Equinix AI Dis... Read more
Tencent, Alibaba Eye DeepSeek Stake As AI Startup Tops US$20B Valuation
Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, The Information reported, ... Read more
