WNA Globe

World News by Wild Rose

#property development ร—

Hong Kong keeps tight grip on housing land supply despite property rebound

Hong Kongโ€™s government will release just one residential site for sale in the July to September quarter, maintaining a cautious approach even as the housing market rebounds, while officials argue that supply from other channels will keep the city on track to meet its housing targets. A 5,170-square-metre (55,649 sq ft) site on Fat Kwong Street in Ho Man Tin, Kowloon, will be offered through tender in the second quarter of the 2026-27 financial year, according to Development Secretary Bernadette...

Why did only 2 Hong Kong developers put up their hands for Northern Metropolis project?

Stretches of green farmland and shimmering ponds, winding village roads and sprawling brownfield logistics yards all lend Hung Shui Kiu in the New Territories a patchwork look of rustic Hong Kong standing in stark contrast to its glistening skyscrapers. This rural landscape is slated for radical transformation under the governmentโ€™s ambitious Northern Metropolis blueprint and is primed to be reinvented as a modernised logistics hub in the near future. However, the premise of this transformation...