Hong Kong finance chief ‘to boost land supply’ in next budget
Paul Chan uses official blog to note ‘complicated interests’ that obstruct action to ease city’s housing crisis
Hong Kong’s finance chief has indicated that boosting land supply to ease the city’s housing problems will be a key part of his upcoming budget, through which he said he would strive to elevate “the people’s sense of being well-off”.
Paul Chan Mo-po said that while the issue of increasing land supply involved a lot of “controversies and misunderstandings” as well as “complicated interests”, the government was determined to tackle them head-on.
He urged people to give the government “full support” in order that land supply policies get the go-ahead smoothly.
Chan is compiling the budget, to be delivered on February 28.
Writing on his official blog on Sunday, he said that in it he would allocate resources to ease people’s hardship and invest in the future to boost the economy, elevate people’s sense of being well-off and expand their room for development.
The only way is not up, says Hong Kong architect who thinks city should rethink its vertical growth
