Henderson To Provide Land For Transitional Housing

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

Related News Programmes

"); });

2019-11-02 HKT 16:13

Share this story

facebook

  • The land, which is about the size of seven football pitches, will be used for temporary transitional housing. Photo: Shutterstock

    The land, which is about the size of seven football pitches, will be used for temporary transitional housing. Photo: Shutterstock

One of Hong Kong's leading developer's Henderson Land will lease a piece of land in Kong Ha Wai in Kam Tin to the government, probably for a peppercorn fee. The land, which is about the size of seven football pitches, will be used for temporary transitional housing.

Speaking at a seminar, Henderson's executive director Augustine Wong said the land is 15-minutes' walk from the Kam Tin MTR station and it will be able to house between 7,000 and 8,000 people. Each unit will have surface area of between 150 and 350 square feet.

Henderson Land will not operate the project.

The Housing Secretary Frank Chan has said the government plans to lease the land for seven years, subject to renewal.

In her policy address, the Chief Executive Carrie Lam promised to provide a total of 10,000 transitional housing units over the next three years.

RECENT NEWS

TOPPAN Edge Becomes Japans First Qualified VLEI Issuer

The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more

SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation

The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more

Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin

South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more

China Funds Research On Stablecoins And Cross-Border Oversight

China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more

XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership

XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more

Brinc Launches VentureVerse Through Acquisition Of OG Club

Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more