South China Morning Post CENTER (0.0) Reliability: 7.5/10

First developer withdraws from Hong Kong land sharing scheme amid slow economy

✍️ Vivian Au 📅 October 04, 2025 07:08 PM 🕐 Scraped: October 04, 2025

Summary: Lawmaker Wendy Hong says scheme’s conditions are not attractive as developers can only break even rather than make a profit.

An application made to a scheme designed to boost Hong Kong’s housing supply by tapping into developers’ reserves has been withdrawn for the first time amid a lukewarm response, with experts attribut

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📝 Article Information

Author

Vivian Au

Original Publisher

🌍 South China Morning Post

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Published Date

October 04, 2025 at 07:08 PM

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