Govt To Lease Brownfield Sites To Affected Operators

"); jQuery("#212 h3").html("

"); });
2022-10-21 HKT 18:22
The Lands Department announced that it’s leasing out three pieces of government land in Tai Po and North District to brownfield operators affected by
the government’s land resumption exercises.
The department said in a press release that businesses affected by the administration's clearance operations before the end of next year are eligible to submit a tender from Friday to November 22.
Officials said all three sites are suitable for industrial, open storage, vehicle repair workshop and warehouse uses. Two of them could also serve as public car parks, or facilitate the operation of the recycling business.
Chief Executive John Lee had announced in his Policy Address on Wednesday that more than half of the 1,600 hectares of brownfield sites in the New Territories will be developed for housing and other purposes.
He added that occupants of the affected sites will be offered alternative premises at below-market rates.
A Lands Department spokesperson said authorities are now identifying sites that could be suitable for short-term leases.
Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year
The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more
From Fishermans Son To Fintech Founder: How CapBay Grew RM 6,000 To RM 4 Billion
What started as a RM6,000 loan funded out of their own pockets has grown into over RM4 billion disbursed to more than 2... Read more
Ping An Launches EagleX Global Version For Real-Time Climate Risk Insights
Ping An Insurance (Group) Company of China, Ltd, announced that its subsidiary, Ping An Property & Casualty Insuran... Read more
FWD Resubmits Hong Kong IPO Application Amid Market Recovery
FWD Group, an insurance company backed by billionaire Richard Li Tzar-kai, submitted a new application for an initial p... Read more
Hong Kong Police Crush HK$118M Crypto Laundering Ring, 500 Mule Accounts
In a fresh crackdown on crypto-related crime in Hong Kong, the Hong Kong police arrested 12 individuals for running a c... Read more
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