Source:
https://scmp.com/business/companies/article/1121585/henderson-land-considers-building-hk1m-flats
Business/ Companies

Henderson Land considers building HK$1m flats

Chairman says cheap New Territories flats are a possibility if government waives land charges

The Wings II flats are cheaper than was expected. Photo: Nora Tam

Henderson Land Development chairman Lee Shau-kee said his company will consider building low-priced homes in the New Territories costing HK$1 million each, as long as the government provides them with incentives.

"[If the government] waives land premium charges on farmland modifications, [we] hopefully can build flats of 300 square feet at a price of HK$1 million," Lee said.