Key facts
- Hong Kong Financial Secretary Paul Chan has characterized the proposed large-scale land disposal for the Northern Metropolis as a 'win-win' situation.
- The initiative is intended to significantly increase the housing supply in the region.
- The development is also expected to stimulate economic growth and activity within the Northern Metropolis.
Hong Kong Financial Secretary Paul Chan has lauded the proposed large-scale land disposal for the Northern Metropolis, describing it as a 'win-win' initiative. The plan is designed to address the city's housing shortage by significantly increasing the supply of residential units. Furthermore, the development is anticipated to serve as a catalyst for economic growth and activity within the strategically important Northern Metropolis region. This initiative forms a key part of Hong Kong's long-term urban planning and economic strategy.