Hong Kong should weigh up pros and cons of building homes in country parks, chief executive says
But government will also protect more land with a high ecological value
Building flats on the margins of country park margins was an option the public needed to consider to counter unaffordable home costs, Chief Executive Leung Chung-ying said in his last policy address on Wednesday.
At the same time, the government would incorporate more land with high ecological value into country parks.
“This issue matters to the well-being of our next generation and warrants serious deliberation of its pros and cons by society,” Leung said.
Skyrocketing property prices and rents were not caused by high construction costs – a reason often used by developers to explain shockingly high flat prices – but soaring land premiums, he said.
“Most families in Hong Kong can afford the construction costs passed on to them, yet the exorbitant land premium is beyond their means.”