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Hong Kong to build 12,600 public housing flats on former airport site by 2026

Infra News - Published on Fri, 11 Jan 2019

Image Source: South China Morning Post
South China Morning Post reported that a new development area at the site of Hong Kong’s former airport is expected to provide about 12,600 public housing flats by 2026, a new official document revealed as the government continued its bid to combat astronomical property prices. In a paper submitted to the Kowloon City District Council, the city’s two major public housing providers said the government proposed to hold on to seven sites in the Kai Tak Development Area for building public housing, instead of selling them to private developers.

Building public housing on plots originally planned for land sales is one of Chief Executive Carrie Lam Cheng Yuet-ngor’s measures to boost affordability in the world’s most expensive property market. Three of the seven sites were announced in Lam’s policy address in October, while the other four were announced in 2017.

In the district council paper, jointly submitted by the Housing Authority, the city’s largest public housing provider, and the Housing Society, the second largest, the seven sites could provide 12,570 affordable homes in total, capable of housing about 35,100 people.

Carrie Lam told to act now or risk people thinking land supply not a priority

Two of the sites will be for the society and the rest for the authority.

Construction work is expected to begin between 2020 and 2022, and to be completed between 2024 and 2026.

Source :

Posted By : Joykumar Irom on Fri, 11 Jan 2019
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