Leases on idle plots of privately held land in the New Territories should be allowed to expire by 2047 to prod landowners to develop instead of sitting on them, a study has argued.
The report by two University of Hong Kong real estate and planning academics also called for more large-scale reclamation works to create land for housing as opposed to “ad hoc” strategies such as redevelopment, rezoning, razing hillsides or building on the fringes of country parks.
One idea was to...
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