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CE meets Philippine senate president

Chief Executive John Lee today met visiting Philippine Senate President Juan Miguel Fernandez Zubiri to exchange views on matters of common interest.   Mr Lee said Hong Kong and the Philippines have maintained close exchanges and co-operation in various fields such as trade, investment and finance, and that Hong Kong is an important trading and investment partner for the Philippines and other Association of Southeast Asian Nations countries. He encouraged more Philippine enterprises and talent to develop in Hong Kong and make better use of its professional services and internationalised business environment for expanding into Mainland markets, including those of the Greater Bay Area.   As the city is striving for early entry to the Regional Comprehensive Economic Partnership Agreement, the Chief Executive thanked the Philippines for its support in Hong Kong’s bid for accession. http://dlvr.it/SplQxC
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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.
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