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<Policy>John Lee Considering Introducing Larger Proportion of Private Housing in Area Around Sha Po; MTR CORPORATION to Announce Review Results Next Yr
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Hong Kong's Chief Executive John Lee said in his fourth Policy Address that it is now the optimal juncture to expedite the development of the Northern Metropolis. The government will streamline administrative procedures, removing barriers and restrictions with measures like introducing the Fast Track Processing System, adopting superior construction methods from different places, and integrating successful construction technologies, materials and equipment from the Mainland and overseas, in a bid to reduce construction costs and time. In addition, the government will commence a land use review for Au Tau, to capitalize on the development potential brought by the Northern Link. It will consider a larger proportion of private housing in the area around Sha Po at Au Tau Station for development into an NDA and engage MTR CORPORATION (00066.HK) to conduct the review, announcing its results next year. AAStocks Financial News |
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