Stanley Wong:mainland Can Help Fix HK Housing Woes

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

"); });
2018-06-06 HKT 00:31
The chairman of the government’s Land Supply Task Force, Stanley Wong, said on Tuesday that it’s received proposals in its public consultation exercise that Hong Kong should borrow land from the mainland.
Wong said the plan would aim to build what he calls “the living zones of Hong Kong people”, to help ease the housing shortage.
Wong said it’s been proposed that the zones could include public housing as well as elderly homes, or house facilities such as container ports, so as to free up land in Hong Kong.
He said the option is worth looking into, even though it may not suit everybody’s needs.
The government is under increasing pressure to tackle the issue of soaring property prices but earlier on Tuesday the Chief Executive, Carrie Lam, dismissed a report that the government was about to discuss a plan to build public flats on top of new MTR stations.
The South China Morning Post had cited sources as saying that the government would ask the rail operator to explore the option of having public housing units built at two possible sites: Siu Ho Wan in North Lantau and a proposed new station near Tuen Mun town centre.
HashKey Capital Gains SFC Approval For In-Kind Crypto Fund Subscription
HashKey Capital received approval from the Hong Kong Securities and Futures Commission (SFC) to offer an in-kind crypto... Read more
Alibaba Launches Qwen3 AI Model With Hybrid Reasoning
Alibaba launched Qwen3, the latest generation of its open-sourced large language model (LLM) family, on 29 April 2025. ... Read more
HKMA And Cyberport Launch Second Cohort Of Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cybe... Read more
InvestHKs Global Fast Track 2025 Open For Applications
Global Fast Track 2025 (GFT 2025) is now open for applications from today, 28 April 2025, until 21 September 2025. This... Read more
Ant Group To Buy Over 50% Stake In Bright Smart Securities
Bright Smart Securities & Commodities, a Hong Kong-based brokerage, made an announcement on 26 April 2025. Its chai... Read more
InvestHK Seminar In India Spotlights Hong Kongs Strategic Business Edge
Invest Hong Kong (InvestHK), the Hong Kong Economic and Trade Office in Singapore (HKETO Singapore), and the Hong Kong ... Read more