Hong Kong developers ignore scheme to boost land supply for housing by converting private reserves in New Territories

A plan to boost Hong Kong’s land supply for housing by tapping into private developers’ reserves has drawn a lukewarm response, with no landlord showing interest so far.The Land Sharing Pilot Scheme launched in May was expected to identify 150 hectares for housing in three years, with land owners attracted by various government incentives.It was recommended by the government’s Task Force on Land Supply, which estimated that Hong Kong would be short of at least 108 hectares for housing by 2026…

from South China Morning Post https://www.scmp.com/news/hong-kong/society/article/3102257/hong-kong-developers-ignore-scheme-boost-land-supply-housing