Hong Kong Housing Society's Vision for Cross-Border Housing Developments
Future Developments for Cross-Border Residents
Hong Kong's housing society is exploring the potential to develop homes that may potentially serve residents from mainland China. Despite current operations centered around Hong Kong, outgoing chairman Walter Chan Kar-lok noted that industry representatives suggested the organization look beyond local borders into the Greater Bay Area. Chan clarified that there are no immediate plans for expansion, but the vast development potential exists.
Current Focus and Financial Stability
The society maintains its focus on completing over 20 housing projects in Hong Kong aimed at providing more than 17,000 new homes. In his closing remarks, Chan pointed out the need for financial stability, discussing methods for achieving improved cash flow through bank loans and the sale of non-essential assets to enhance funding for expansive housing estates.
- The housing society aims to assist resettle individuals impacted by the Northern Metropolis mega project.
- Chan remains hopeful about the organization's future involvement post his departure, suggesting possibilities beyond just housing development to consultancy roles.
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