By law, Hong Kong developers must give up land banks for housing if required
The Hong Kong government has the powers under the Lands Resumption Ordinance to recover land where it is required, such as for infrastructure projects, government housing and so on (“With proper compensation, land resumption is both lawful and necessary”, May 15).
Under the ordinance, the government can immediately recover agricultural land from all the big Hong Kong developers for the purpose of building cheap rental government housing.
The government will only be obliged to pay a nominal price for the land, and developers will finally return all the farmlands they have hoarded for decades, because they will come to realise that the government will not allow any change of use on these precious resources other than for the government’s own usage.
The developers will put up a big fight, but who cares? It’s better than closing down a golf course to benefit them further.
Eric Kee, Sai Ying Pun