HK's underused military land a potential goldmine - but a minefield for government
Activists urge officials to take a fresh look at swathes controlled by the PLA to help ease city's housing crisis
Hong Kong
AS Hong Kong seeks more land to help ease a worsening housing crisis, some lawmakers and activists are urging officials to take a fresh look at little-used swathes of more than US$100 billion worth of real estate controlled by the Chinese military.
The Hong Kong garrison of the People's Liberation Army (PLA) still occupies some 19 sites across the global financial hub it inherited from the British military when the former colony was handed back to China in 1997.
While several sites, such …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story