Back to News
investment

Dedicated Northern Metropolis laws may speed up projects by 1 year, minister says

Vivian Au
Loading...
2 min read
0 likes
⚡ Quantum Brief
Hong Kong’s development minister announced dedicated laws for the Northern Metropolis could accelerate individual projects by up to one year by streamlining statutory procedures, addressing delays in the 30,000-hectare border-adjacent megaproject. The government proposed six subsidiary laws to remove bottlenecks, including faster land resumption payments, statutory firms for oversight, and adoption of advanced building technologies to modernize construction processes. Authorities will increase residential allocations in select sites to boost developer interest, aligning with Chief Executive John Lee’s push to expedite the project under China’s 15th five-year plan. Launched in 2021, the Northern Metropolis aims to become an economic and housing hub, with the new laws targeting procedural inefficiencies that have hindered progress in the cross-border development zone. The minister emphasized that unchanged statutory processes would perpetuate delays, underscoring the urgency of legislative reforms to meet the project’s accelerated timeline.
AI Audio Summary
0:00 / 0:00
Click to play
Dedicated Northern Metropolis laws may speed up projects by 1 year, minister says

AdvertisementHong Kong societyHong KongSocietyDedicated Northern Metropolis laws may speed up projects by 1 year, minister saysDevelopment chief Bernadette Linn also says authorities preparing to increase residential component of some sites2-MIN READ2-MIN ListenVivian AuPublished: 3:36pm, 29 Mar 2026Updated: 5:06pm, 29 Mar 2026Dedicated laws to streamline statutory procedures for Hong Kong’s Northern Metropolis may speed up some projects by about one year, the development chief has said.Secretary for Development Bernadette Linn Hon-ho also revealed on Sunday that the government was preparing to increase the residential component of some sites to make the investment more appealing for developers.The government unveiled a plan for proposed legislation earlier this month, comprising six main subsidiary laws designed to remove bottlenecks in the massive development scheme near the border with mainland China.AdvertisementThey include establishing statutory firms and measures to speed up land resumption payments and adopt new building technologies.“Some individual projects [within the Northern Metropolis] could be fast-tracked by one year,” Linn told a television programme.Advertisement“If the statutory processes remain unchanged, how can the megaproject be sped up?”The megaproject, announced in 2021, aims to turn 30,000 hectares (74,132 acres) of land into an engine for economic growth and a housing hub.

Chief Executive John Lee Ka-chiu has vowed to expedite its development, aligning with the nation’s recently unveiled 15th five-year plan.AdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x

Read Original

Source Information

Source: South China Morning Post Business

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.