10/10/2018-9

The industry proposes five plans to open up land

The five-month “Land Debate" public consultation ended earlier. All sectors of the community are expected to release a new “Policy Report" today, and the land and housing policy will continue to be the focus. In its latest report, Colliers International analyzed the effectiveness of the “Land Debate" public consultation model on the convergence of social consensus and proposed a number of recommendations for addressing housing problems in Hong Kong in the short term.

Colliers International believes that public consultation has not provided an objective analytical framework, and it is difficult to converge social consensus by relying on the model of individual opinions. According to the analysis framework proposed by Collier, the five schemes considered by the bank to be more feasible are selected to provide a total of more than 1,200 hectares of developable land, including the development of river trade terminals; new development areas in the New Territories; reclamation near the shore; development of brown Land; development on the existing transport infrastructure.

It is recommended to build a temporary house at the end of the bridge

Most of the options proposed by the Land Supply Task Force are not suitable for immediate development and are difficult to solve. Colliers advised the Hong Kong Government to use more than 860 government vacant sites and 14 short-term tenancy sites for parking lots in the territory, partly for the construction of temporary housing. In addition, the Administration can also follow the example of Japan and other Asian regions to make good use of the space under the railways and overpasses, and to build temporary housing to temporarily ease housing demand.

In order to solve the problem of land supply in Hong Kong in the long run, Gao Li believes that the Hong Kong Government should comprehensively review the current and future development guidelines to formulate a suitable long-term land supply strategy, including giving priority to the development of areas in line with the long-term development plan of Hong Kong, in particular Areas that are connected to the Greater Bay Area and streamlined regulatory procedures to facilitate the accelerated allocation of land in the future.