Vast swathes of farmland hoarded by Hong Kong’s developers are often blamed for the city’s sky-high property prices. Photo: Roy Issa

New World donates almost a fifth of its farmland reserves towards building public homes to ease Hong Kong’s housing woes

  • New World Development will donate 3 million square feet of farmland to Hong Kong’s government and toward charity for building public homes
  • The first part of the donation, comprising 28,000 square feet of land next to the Tin Shui Wai subway station, will be turned into 100 three-storey homes measuring 300 square feet each by 2022
Topic |   Hong Kong property

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Vast swathes of farmland hoarded by Hong Kong’s developers are often blamed for the city’s sky-high property prices. Photo: Roy Issa
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