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Hong KongHong Kong Economy

Take another look: Hong Kong border area near Shenzhen has potential for both commerce and housing, Paul Chan says

  • New developments in border area can also spur Hong Kong-Shenzhen interaction, cooperation
  • More land can be identified for new projects beyond those already under way, minister says

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Areas of Hong Kong that border Shenzhen are ripe with possibility, Financial Secretary Paul Chan has told the Post. Photo: Martin Chan
Joyce NgandGigi Choy

This is the second in a series of articles based on a wide-ranging Post interview with Financial Secretary Paul Chan Mo-po. The first can be found here and the third here.

Plans for the area of northern Hong Kong nearest Shenzhen need to be reviewed to identify more sites for development and spur interaction between the two cities, finance chief Paul Chan Mo-po has said.

Noting the need to conserve wetlands there, Chan said available plots should be re-examined to help Hong Kong solve its scarcity of land and encourage cooperation with its closest mainland Chinese neighbour.

“This is the area connecting Shenzhen and Hong Kong. There are development opportunities to look at,” the financial secretary said in an interview with the Post on Wednesday.

The government has earmarked some of the area in northern Hong Kong for housing, and economic and technology development, while setting aside the rest, including a wetland site of international importance for migratory birds and woodlands for ecological conservation and leisure uses.

The New Territories North project, covering 1,460 hectares, is one of two long-term sources of land supply identified by the current administration, the other being a massive reclamation scheme off Lantau Island.

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