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Policy Address | MTR Siu Ho Wan Depot to Build 14,000 Residential Buildings

2020-11-17T16:09:35.528Z

The land supply in Hong Kong is tight. The South China Morning Post recently quoted news that the MTR Lantau Siu Ho Wan Depot Project will build 14,000 public and private residential units, and the number of public housing units will not exceed half. The report also stated that Chief Executive Carrie Lam Cheng Yuet-ngor will announce relevant news when he delivers his policy address next Wednesday (25th).



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Written by: Huang Yongyu

2020-11-17 16:04

Last update date: 2020-11-17 16:04

The land supply in Hong Kong is tight. The South China Morning Post recently quoted news that the MTR Lantau Siu Ho Wan Depot Project will build 14,000 public and private residential units, and the number of public housing units will not exceed half.

The report also stated that Chief Executive Carrie Lam Cheng Yuet-ngor will announce relevant news when he delivers his policy address next Wednesday (25th).

"South China Morning Post" recently quoted news that the MTR Lantau Siu Ho Wan Depot Project will build 14,000 public and private residential units.

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According to the report, the source said that the lot near the sea will be zoned as private housing, and the rest near the railway will be zoned as subsidized housing, including HOS and first home ownership schemes. At the same time, the Siu Ho Wan Depot will become One of the railway stations on the Tung Chung Line has a planned population of over 37,000.



Regarding the ratio of public and private housing, sources also pointed out that public housing may not be as competitive as private housing. To maintain the feasibility of the plan, the number of public housing will not exceed half.

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Source: hk1

All news articles on 2020-11-17

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