Government confirms talks under way on tycoon Lee Shau-kee's offer of land for homes
Lee Shau-kee's pledge to give government farmland on which to build 10,000 homes for first-time buyers described as 'unprecedented'
The housing minister has confirmed talks are under way with property tycoon Lee Shau-kee over his offer to donate farmland to build affordable housing.
"Mr Lee has expressed his wish to help young people with their housing needs. Indeed, we have been in contact with him and the discussions are ongoing," Professor Anthony Cheung Bing-leung said on a radio programme yesterday. An announcement would be made when the details were finalised, the secretary for transport and housing said.
Cheung said the offer was unprecedented: "No developer has donated land to the government like this. If an individual is really willing to donate, and the land released fits the urban planning requirements for housing use, the government should consider it."
The housing secretary's remarks came a day after a Chinese-language newspaper reported details of the offer by Lee, chairman of Henderson Land Development.
The report said the government had selected seven sites, most in the northeastern New Territories, from a list Lee had presented. It said Lee aimed to help deliver 10,000 homes for first-time buyers.
Cheung would not disclose any details but said parts of the report were "speculation", adding: "The government will deal with the matter in accordance with the established public housing policy under the Housing Authority and the Housing Society."