Sun Hung Kai Properties has five to seven plots in areas already zoned for subsidised housing in Hung Shui Kiu, pictured, and in the northern New Territories. Photo: Roy Issa

Sun Hung Kai, Hong Kong’s largest developer, to only accept Lands Resumption Ordinance for plots already zoned for public housing

  • Company opposed to government taking back plots set aside for private residential and commercial use, as well as land that has not been zoned yet
  • SHKP has five to seven plots in areas already zoned for subsidised housing
Topic |   Sun Hung Kai Properties

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Sun Hung Kai Properties has five to seven plots in areas already zoned for subsidised housing in Hung Shui Kiu, pictured, and in the northern New Territories. Photo: Roy Issa
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How Hong Kong’s housing problem, cited as one of the biggest motivations for protest rage, is linked to the city’s finances and low taxes.

Hongkongers pay a price for their low taxes through the world’s most expensive homes and smallest living space. Here’s why

  • In a new series delving beyond the social unrest in Hong Kong to survey the city’s deep-rooted problems, the Post is focusing on the role of housing in causing great disaffection in society.
  • In this first instalment, we examine how the issue of high land prices is linked to government financing and the low-tax environment.
Topic |   Hong Kong housing

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How Hong Kong’s housing problem, cited as one of the biggest motivations for protest rage, is linked to the city’s finances and low taxes.
READ FULL ARTICLE