Turning country parks into residences is an option, Leung says

November 11, 2015 10:50
Chief Executive Leung Chun-ying sees an answer to the housing needs of young people. Photo: CNSA

Chief Executive Leung Chun-ying welcomed proposals to designate some of the land reserved for country parks for residential use, saying the homes to be built in those areas could be sold to young people at lower prices and with land premiums waived.

His remarks came after former Chief Executive Tung Chee-hwa's think tank and former Financial Secretary Antony Leung Kam-chung made similar suggestions, the Hong Kong Economic Journal reported on Wednesday.

Leung said supplying more land for housing does not have to be in conflict with the need to preserve country parks.

Secretary for Development Paul Chan Mo-po clarified that the Chief Executive's remarks did not mean the government will start exploring certain country parks for residential use right away, although it is good to have a public discussion of such a proposal.

The government is currently processing about 150 applications for the re-designation of land use.

More than 70 of them are seeking to turn green areas at new towns near country parks into residential land to meet short- and medium-term demand.

[Chinese version中文版]

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Hong Kong Economic Journal