Hong Kong property players surge on northern metropolis plan


They’re also cheered by the absence from Carrie Lam’s (pic) address of any measures to cool the property market, such as higher taxes.

CARRIE Lam’s plans for a new metropolis in northern Hong Kong came as a big relief to investors in the city’s property giants.

Shares of major developers including Henderson Land Development Co jumped a day after chief executive Lam unveiled her target to turn the remote northern part of the New Territories into an urban area for 2.5 million residents.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Hong Kong , property , surge , metropolis plan , Carrie Lam ,

   

Next In Business News

Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Selling pressure amid Mideast and polls anxiety
Low volatility a remedy for the extremes?
Maximising your unit trust returns
Dishing up consumer success

Others Also Read