Secretary Reports Progress on Northern Metropolis, 120 Hectares of Land Developed
Bastillepost · 2 SOURCES1 day ago6 MIN
Summary
Development Bureau Secretary Anna Ying-kay Wong (甯漢豪) announced that the Northern Metropolis development has achieved tangible results after government efforts, with approximately 120 hectares of developed land and over 10,000 residential units already produced. Speaking at a forum on October 2, she noted that the development now possesses favorable conditions of timing, location, and public support following the announcement of Hong Kong's First Five-Year Plan.
Key Points
- Four of the nine new development areas in the Northern Metropolis have entered construction stages, producing about 120 hectares of "developed land" and exceeding 10,000 residential units .
- Secretary Wong stated that over the next five years, the Northern Metropolis is projected to generate approximately 900 hectares of developed land, comprising 400 hectares for industrial use including technology, universities, commerce, logistics, and advanced manufacturing; 200 hectares for residential; and 300 hectares for infrastructure and community facilities .
- Wong emphasized that achieving the binding target of 900 hectares within five years requires combining government and market forces, with three industrial park companies already established to develop and operate the Hong Kong Park (河套) in the Lok Ma Chau Loop, Hung Shui Kiu, and San Tin Technology Park .
- The government has adopted an "area development" model that packages residential, industrial, and public facility land for market tender, allowing market capital to participate and accelerate development .
- The Northern Metropolis Development Bill, currently under LegCo review, is expected to pass within the year, removing regulatory barriers and facilitating enterprise settlement .
Why It Matters
The Northern Metropolis represents Hong Kong's largest infrastructure initiative in decades, with the binding 900-hectare target demonstrating the government's commitment to land supply and economic diversification. Successful implementation could significantly expand housing supply, create new economic corridors, and strengthen Hong Kong's position in the Greater Bay Area integration .
The Northern Metropolis represents Hong Kong's largest infrastructure initiative in decades, with the binding 900-hectare target demonstrating the government's commitment to land supply and economic diversification. Successful implementation could significantly expand housing supply, create new economic corridors, and strengthen Hong Kong's position in the Greater Bay Area integration .