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Hong Kong tightens housing land supply with single Kowloon plot tender

Hong Kong's government is maintaining a controlled approach to housing land supply, planning to tender only one plot in Kowloon this quarter. Development Secretary Bernadette Linn stated this decision considers total housing supply from various sources, including future projects like the Northern Metropolis. The single plot, located on Fat Kwong Street in Ho Man Tin, is expected to yield approximately 250 flats and includes requirements for social welfare facilities. AI

RANK_REASON Government policy decision regarding land supply and housing development. [lever_c_demoted from significant: ic=1 ai=0.0]

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Hong Kong tightens housing land supply with single Kowloon plot tender

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Peggy Ye ·

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

    Hong Kong’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 targ…