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July goods exports up 20.1%

The volume of Hong Kong's total goods exports increased 20.1% year-on-year in July, the Census & Statistics Department announced today.   The volume of goods imports for the month rose 19.5% over July 2020.   Prices of goods exports and imports increased 5.6% and 5.5% year-on-year for the month.   On a seasonally adjusted basis, the volume of goods exports fell 5.3% in the three-month period ending July compared with the preceding three months, while the volume of goods imports decreased 0.8%.   Comparing the first seven months of the year with the same period in 2020, the volume of goods exports rose 25.3%, while that of goods imports increased 22.7%.   Prices of goods exports for the period increased 3.4%, while that of goods imports rose 3.3%. http://dlvr.it/S7hMTp

3 land parcels to be resumed

The Development Bureau announced today that private land within three land parcels that have been zoned for high-density housing development in the statutory outline zoning plans would be resumed for subsidised housing.        The three land parcels are in Yuen Long and Fanling. The 12,300 sq m of private land, together with adjoining government land of about 3,500 sq m, are expected to produce around 1,600 flats.   The Lands Department has started pre-clearance surveys at all three land parcels and will not accept new applications for lease modification and land exchange concerning these land parcels.   The Government will invoke the Lands Resumption Ordinance for the resumption work. Following the statutory resumption process, it will seek the Chief Executive in Council's authorisation after considering any objections received from affected stakeholders.   The Development Bureau said land supply tops the Government’s policy agenda, noting that around 90 hectares of land were resumed within a two-year time frame in 2019-20 and 2020-21, which is much more than the 20 hectares resumed over the immediate past five years.   Looking ahead, about 700 hectares of land are expected to be resumed from 2021-22, of which around 500 hectares are expected to be resumed in the next five years.
http://dlvr.it/RzZd7n

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