Long-drawn dickering prevents Hong Kong from developing low-value land uses in New Territories. Photo: Nora Tam
Long-drawn dickering prevents Hong Kong from developing low-value land uses in New Territories. Photo: Nora Tam
Qiao Shitong
Opinion

Opinion

Concrete Analysis by Qiao Shitong and Roderick Hills Jr.

Here’s how transferable development rights outweigh Lantau reclamation plan in ending Hong Kong housing crisis

  • A stalemate in process to convert land to high-density residential uses has cost Hong Kong dearly, with most struggling to purchase a decent home
  • Transferable development rights or TDRs can end dickering between land owners and developers and resolve the city’s housing crisis

Long-drawn dickering prevents Hong Kong from developing low-value land uses in New Territories. Photo: Nora Tam
Long-drawn dickering prevents Hong Kong from developing low-value land uses in New Territories. Photo: Nora Tam
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