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Hong Kong needs to build up surplus in land bank, minister says in rebuff to critics

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Development minister Paul Chan Mo-po denied that a long-term plan to accumulate more land than the city required would lead to too much expansion, saying a larger land bank could provide flexibility in the event of future uncertainties. In his weekly blog posting on Sunday, Chan also reiterated that developing the city’s sprawling brownfield sites, which are degraded agricultural land occupied by businesses such as car parks and storage containers, would be an “unavoidable option...

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